Finance Processes Automation
Overview
In today's rapidly evolving business landscape, the finance functions of organizations are facing challenges like never before. The challenges without automation include increased manual labour, higher error rates, limited scalability, compliance risks, decreased visibility, and higher costs. But the solution lies in the power of automation.
At Sonata, we specialize in driving transformative changes through advanced Automation solutions. Our offering is designed to revolutionize your Finance Functions, enabling you to achieve unprecedented efficiency, accuracy, and cost savings.
World Class Service Offerings for Finance Automation
-
Automation COE: To ensure efficient global Finance and Accounting operations
Transform your business functions with our comprehensive approach of intelligent process discovery, design thinking workshops, ROI calculation, viability & suitability assessment, defining business outcomes, optimization, and digitization.Transform your business functions with our comprehensive approach of intelligent process discovery, design thinking workshops, ROI calculation, viability & suitability assessment, defining business outcomes, optimization, and digitization. This results in crafting a tailored digital transformation roadmap that aligns with your organization's objectives and paves the way for sustainable growth for following processes: -
- Procure to Pay
- Order to Cash
- Record to Report
- Branch Consolidation
- Bank Reconciliation
- Audits
- Management Reporting
- Financial reporting
-
Automation Consulting: Optimization and Transformation of Business Processes
With our expertise in finance automation consulting, we guide organizations through the process of identifying, implementing, and optimizing automation solutions, empowering you to streamline financial processes, reduce manual effort, and achieve greater agility and control in your operations.With our expertise in finance automation consulting, we guide organizations through the process of identifying, implementing, and optimizing automation solutions, empowering you to streamline financial processes, reduce manual effort, and achieve greater agility and control in your operations.
-
Automation Design
Our automation architecture design offerings for finance automation encompass the development of scalable, secure, and interoperable automation frameworks tailored to the unique needs of financial operations.Our automation architecture design offerings for finance automation encompass the development of scalable, secure, and interoperable automation frameworks tailored to the unique needs of financial operations. Leveraging industry-leading technologies and best practices, we design comprehensive automation architectures that integrate seamlessly with existing systems, streamline processes, and drive operational efficiency across finance functions.
-
Automation Implementation
Utilizing advanced technologies such as AI, machine learning, computer vision, natural language processing (NLP), and cognitive computing, our automation development team crafts AI-driven bots and implements comprehensive automation solutions across your organization.Utilizing advanced technologies such as AI, machine learning, computer vision, natural language processing (NLP), and cognitive computing, our automation development team crafts AI-driven bots and implements comprehensive automation solutions across your organization.
-
Automation Support
Our finance automation support services provide continuous assistance throughout your automation journey, ensuring a dedicated support team. We deliver a range of services including bot management, disaster recovery planning, risk mitigation strategies, and proactive opportunity identification, guaranteeing smooth and reliable automation operations.Our finance automation support services provide continuous assistance throughout your automation journey, ensuring a dedicated support team. We deliver a range of services including bot management, disaster recovery planning, risk mitigation strategies, and proactive opportunity identification, guaranteeing smooth and reliable automation operations.
Sonata Advantage
Cost Efficiency
Our automation solutions have demonstrated up to 35% cost reduction, allowing you to optimize your financial resources for strategic growth.
Enhanced Productivity
Experience an overall increase in productivity by up to 80% through automated data entry processes, freeing your team from repetitive tasks.
Outcome Based Pricing
Defined on KPIs and results for our accountability in Automation success.
Industry leading Frameworks and Tools
Making best use of GenAI & NLP
Our Approach
ROI based with proven results. We prioritize data security, compliance, and risk management and focus beyond Process Automation to create Enterprise Automation
Retail
Accounts Payable Automation: Streamline invoice processing and payment execution to reduce errors and improve vendor relationships.
Inventory Costing and Reconciliation: Automate inventory costing and reconciliation to maintain accurate financial records and optimize stocking levels.
Healthcare and Life Sciences (HLS)
Claims Processing Automation: Expedite reimbursement cycles and reduce costs by automating claims validation and payment processing.
Revenue Cycle Management: Optimize billing and collections to accelerate cash flow and improve financial performance.
Technology, Media, and Telecommunications (TMT)
Subscription Billing Automation: Manage recurring revenue streams with automated billing and invoicing, ensuring accuracy and enhancing customer experience.
Royalty and Rights Management: Automate content usage tracking and royalty calculations to efficiently manage intellectual property and revenue sharing.
Banking, Financial Services, and Insurance (BFSI)
Loan Origination Automation: Streamline loan processing and approval to reduce times and enhance customer experience.
Financial Reporting and Compliance: Automate data aggregation and report generation to ensure regulatory compliance and reduce risk of penalties.
Our team of experts is ready to connect with you. Schedule a Meeting