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Accounting

Automated accounting is guaranteed ROI for the CFO.

Auditing, income statements, invoice processing, and bank account reconciliation are a few examples of use cases where automation makes sense. It has an immediate ROI through productivity and efficiency gains so that you can do more with less.

No integrations are required; our smart bots work on your software to perform processes for everyday functions like...

  • Activity statement audits
  • Account reconciliation
  • Bill Payments
  • Credit applications
  • Credit scoring
  • Financial statement audits

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automating processes in a checklist

Work just became less work.

We train bots to work in just about any accounting scenario. Submitting invoices, collecting payments, and communicating transactions. If you have a complex accounting process, chances are we can automate those routines to provide accurate and error-free data every time.

use cases

These companies have
already seen the benefits of automation

Healthcare

Ally Pediatric

The bot cut down the time taken to attain the desired outcomes by roughly 90%.

Healthcare

Keplr Vision

95% reduction in the processing and validation time of financial information in various reports from multiple locations.

Healthcare

MB2 Dental

MB2 Dental, a Dental Partnership Organization (DPO), saves a nominal amount of time extracting and manipulating financial data from reports.

all case studies

Our integrated, automated, workforce is ready to join your practice.

AP

AP Approvals

The bot sends a list of Vendor Invoices for approval and pays the invoice if approved.

Accounting,Finance,All Industries,Accounts Payable,Bill.com,Crunch Accounting,FinancePal,FreshBooks,Infor,Microsoft Dynamics GP,NetSuite,ProfitBooks,QuickBooks,Sage Intacct,SAP,Xero,ZarMoney,Zoho Books

Accounts Payable, Approval

AP

AP Discounts

This bot applies credit to a vendor bill when it has been paid within the discount period.

Accounting,Finance,All Industries,Accounts Payable,Bill.com,Crunch Accounting,FinancePal,FreshBooks,Infor,Microsoft Dynamics GP,NetSuite,ProfitBooks,QuickBooks,Sage Intacct,SAP,Xero,ZarMoney,Zoho Books

Accounts Payable, Terms, Discounts

AP

AP Document Storage

This bot gets the Vendor Invoice and uploads it to either the Accounting/ERP system or designated cloud folder.

Accounting,Finance,All Industries,Accounts Payable,Bill.com,Crunch Accounting,FinancePal,FreshBooks,Infor,Microsoft Dynamics GP,NetSuite,ProfitBooks,QuickBooks,Sage Intacct,SAP,Xero,ZarMoney,Zoho Books

Document Storage, AP Invoice, Accounts Payable, Invoice

AP

AP Invoice Coding

Based on the Vendor matching, this bot codes the invoice to the correct General Ledger account.

Accounting,Finance,All Industries,Accounts Payable,Bill.com,Crunch Accounting,FinancePal,FreshBooks,Infor,Microsoft Dynamics GP,NetSuite,ProfitBooks,QuickBooks,Sage Intacct,SAP,Xero,ZarMoney,Zoho Books

AP Invoice Coding, Accounts Payable Invoice Coding, General Ledger

AP

AP Invoice Data Capture

The bot gathers Vendor invoice data either by using Optical Character Recognition (OCR) or from email, web portal or other predefined source.

Accounting,Finance,All Industries,Accounts Payable,Bill.com,Crunch Accounting,FinancePal,FreshBooks,Infor,Microsoft Dynamics GP,NetSuite,ProfitBooks,QuickBooks,Sage Intacct,SAP,Xero,ZarMoney,Zoho Books

Bill Pay, Bill Payments, Vendor Invoice, Voucher

AR

AR Discounts

This bot applies credit to an invoice when the customer has paid within the discount period.

Accounting,Finance,All Industries,Accounts Receivable,Bill.com,Crunch Accounting,FinancePal,FreshBooks,Infor,Microsoft Dynamics GP,NetSuite,ProfitBooks,QuickBooks,Sage Intacct,SAP,Xero,ZarMoney,Zoho Books

Accounts Receivable, Discounts, Invoice, AR, A/R

AR

AR Invoice Entry

This bot gets invoice information from Slack Channel and creates a new Customer Invoice in Accounting system.

Accounting,Finance,All Industries,Accounts Receivable,Bill.com,Crunch Accounting,FinancePal,FreshBooks,Infor,Microsoft Dynamics GP,NetSuite,ProfitBooks,QuickBooks,Sage Intacct,SAP,Xero,ZarMoney,Zoho Books,Slack

Accounts Receivable, Customer Invoice, Invoice, AR

AR

AR Journal Entries

At the end of each month, this bot makes the predefined Accounts Receivable Journal Entries.

Accounting,Finance,All Industries,Revenue Recognition,Accounts Receivable,Bill.com,Crunch Accounting,FinancePal,FreshBooks,Infor,Microsoft Dynamics GP,NetSuite,ProfitBooks,QuickBooks,Sage Intacct,SAP,Xero,ZarMoney,Zoho Books

Accounts Receivable, Month-End

AR

Account Reconciliation

The bot will reconcile each balance sheet account against source statements.

Accounting,Finance,All Industries,General Ledger,Accounts Receivable,Accounts Payable,Core Financials,Bill.com,Crunch Accounting,FinancePal,FreshBooks,Infor,Microsoft Dynamics GP,NetSuite,ProfitBooks,QuickBooks,Sage Intacct,SAP,Xero,ZarMoney,Zoho Books

Accounting, Account Reconciliation, Reconciliation,Month-end

These are just some of the systems our bots work with...

Zoho Books

ZarMoney

ProfitBooks

SAP

Xero

Bill.com

Sage Intacct

QuickBooks

Microsoft Dynamics GP

NetSuite

FinancePal

Crunch Accounting

FreshBooks

Infor

And more! Search your application on our bot library page!

Our bots are better, faster, smarter.

Our FREE process evaluation is your first step toward automation.

Limited Time Offer: 3 Days Remaining

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Check out our blog

Strategies for Increasing Business Efficiency Through Automation

Deploying bots at your organization can help with employee and customer satisfaction while creating efficiencies throughout the business.

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Business Process

Streamline Your Invoicing Process with RPA

Implementing RPA to run invoice processing is a simple, effective way to scale back office operations.

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Revenue Cycle Management

How RPA Can Help Streamline Finance and Accounting

Robotic process automation (RPA) and Thoughtful's pioneering bots-as-a-service model are radically transforming the finance and accounting industry.

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Revenue Cycle Management