Get Thoughtful+ Insights

Automation news, RPA best practices, and time and money-saving tips, straight to your inbox.

Finance/Accounting

Automated accounting is guaranteed ROI for the CFO.

Auditing, income statement preparation, invoice processing, and bank account reconciliation are all tasks that can benefit from automation. Using automation modules to perform these tasks can help increase productivity and efficiency, allowing you to do more with less. Automation can also provide an immediate return on investment by reducing the time and effort required to complete these tasks. Additionally, our modules are compatible with a wide range of software, so no additional integrations are required. This makes it easy to automate a variety of everyday tasks, such as activity statement audits, credit scoring, and financial statement audits.

Request Demo

automating processes in a checklist

Work just became less work.

We train automation modules 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

Ally Pediatric

Ally Pediatric Accomplished a 90% Reduction in Their Invoice Processing Time

view

Behavioral Health

Behavioral Health Works

Behavioral Health Works Reduced Overhead, Making Collections Faster and Cleaner

view

Butterfly Effects

Butterfly Effects Experienced an Astounding 235% Return On Investment

view

all case studies

Thoughtful is ready to automate your Finance/Accounting processes.

AP

AP Approvals

The bot sends a list of vendor invoices for approval and pays the invoice when 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; fiserv; ringcentral

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; fiserv

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.

finance/accounting,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; 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.

finance/accounting,all industries,general ledger,accounts receivable,accounts payable,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...

Service Now

Fiserv

Wells Fargo

Lighthouse Payments

All Online Banking

Dun & Bradstreet

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 use cases page!

Learn how much Thoughtful's bots can impact your business.

An expert can help you understand the ROI and time-to-value we can offer.

Request Demo

Check out our blog

6 Ways to Improve Business Efficiency With Robotic Process Automation

Today's business climate is constantly under fire from multiple forces. This makes it imperative for businesses to take advantage of anything that will increase the efficiency of the organization within a cost-effective model.

view

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Best Ways to Streamline Your Invoicing With Robotic Process Automation

Streamline your invoicing process with RPA. You've likely heard of or even considered using robotic process automation (RPA) technology to streamline your business processes and workflows.

view

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

How RPA Helps Remarkably Streamline Your Accounting and Finance Processes

How can finance and accounting departments today simultaneously satisfy their customers' needs, reduce overhead, and cut costs? You need a robot. That's right: a robot. And no, we're not talking the "Terminator" kind of robot. We're talking about RPA.

view

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

No items found.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.