Finance and accounting automation takes over number crunching, so you can take on new opportunities
When you fast-track finance and accounting operations with intelligent automation, you optimize your office for data-driven decision making—and give your team more time for the work that matters.
AI and automation do more than make finance and accounting processes more efficient. They offer you the freedom and insight to make the entire business more innovative and resilient.
Discover how finance and accounting process automation reduces administrative workloads and increases both accuracy and your team’s capacity to focus on high-value, strategic work.
Transform processes that cross organizational boundaries
Eliminate the “not-my-department” mindset with end-to-end automations that drive efficiency across the enterprise.
Related departments
Procure to pay
Improve days payable outstanding (DPO) by accelerating invoice processing and supplier onboarding.
Related departments
Order to cash
Reduce days sales outstanding (DSO) by digitizing data input, automating sales order entry and billing, and removing errors.
How AI-powered finance automation delivers transformative business value
Learn how AI can uncover inefficiencies and identify opportunities.
Automate your finance and accounting department end-to-end
A comprehensive, platform-driven approach helps finance and accounting expand the range of automation opportunities.
Seamless data extraction
Software robots can pull information from documents—faster and more accurately.
Drag-and-drop AI
AI helps robots emulate human decision making to streamline processes.
Unstructured data analysis
Robots can find the needed information and do what needs to be done.
Task and process mining
UiPath Task Mining and Process Mining help you discover your automation best opportunities.
Discover how UiPath helps finance and accounting teams get administrative workloads back in balance—so they can close the books on playing catch up.
Record to report: innovative reporting done right
Produce timely and accurate reports, automate complex journal entries, and reduce processing times for disclosure.
- Planning and management accounting
- General accounting and reporting
- Fixed asset project accounting
- Payroll accounting
Planning and management accounting
Reduce repetitive accounting tasks and empower your team of experts to take on more strategic work. Robots fill the gaps in a patchwork of disparate systems and remove the manual work of integrating data from multiple sources.
Business use cases:
Planning/budgeting/forecasting
Cost accounting and control
Cost efficiency
Financial performance evaluation and enhancement
General accounting and reporting
Use AI to implement innovative accounting practices, automate cumbersome reporting functions, and manage your business’s policies and procedures. Decision makers gain insight for quicker decisions on budgets, forecasts, strategies, and governance.
Business use cases:
General accounting
Fixed asset accounting
Financial reporting
General accounting policy and procedure management
Fixed asset project accounting
Digitize tasks related to capital planning, project accounting, and accelerate the project approval cycle.
Business use cases:
Capital planning and project approval
Capital project accounting
Payroll accounting
Deploy robots to report time and create and post payroll for your biggest asset—your employees.
Business use cases:
Report time
Create and post payroll into general ledger
Prebuilt automations let you reinvent the business, not the wheel
Our prebuilt automations and ready-to-go connectors can give you a head start on a more innovative future for finance and accounting.
Treasury: Optimize liquidities and cash-forecast reliability
Identify investment opportunities with greater speed and confidence, decrease uninvested cash by improving cash-forecast reliability, and digitize reconciliation processes.
- Treasury processes and procedures
- Cash
- In-house bank accounts
- Debt and investments
- Risk and hedging strategies
Treasury processes and procedures
Administer treasury procedures to manage your company's cash flow and financial assets. This will ensure sufficient liquidity to meet all your financial obligations.
Business use cases:
Establish scope and governance of treasury operations
Establish and publish treasury policies
Develop, monitor, audit, and revise treasury procedures
Develop and confirm internal controls for treasury
Define system security requirements
Cash
Track and analyze cashflow, improve forecasting, and implement new techniques and strategies to ensure sufficient cash on hand.
Business use cases:
Produce cash flow analysis reports
Reconcile cash positions
Prepare cash equivalents report
Process electronic fund transfers
Develop cash flow forecasts
Manage banking relationships
Analyze, negotiate, resolve, and confirm bank fees
In-house bank accounts
Merge cashflows from different subsidiaries and business units to improve visibility of cash positions and simplify cash management practices.
Business use cases:
Manage in-house bank accounts and incoming payments for subsidiaries
Handle internal payments and net transactions
Calculate interest and fees
Provide account statements
Facilitate and manage inter-company loan transactions
Manage central outgoing payments for subsidiaries
Debt and investments
Improve the strategic supervision of your financial resources and implement the treasury procedures to maximize liquidity. This will, in turn, boost your overall financial performance.
Business use cases:
Manage liquidity
Handle issuer exposure
Process debt and investment transactions
Process foreign currency transactions
Produce debt and investment account transaction reports
Carry out interest rate transactions
Maintain financial intermediary relationships
Risk and hedging strategies
Deploy AI-powered technology and bots to oversee changes in rates to anticipate trends and minimize risk.
Business use cases:
Execute hedging transactions
Produce hedge account transactions and reports
Manage interest rate risk
Tackle foreign exchange risk
Oversee exposure risk
Stop pushing paper and start driving real change
Case study
Embracing digital transformation through AI-powered automation and IDP
Canon embraced AI and automation to offload 8,800+ hours annually from their finance teams in both the USA and Canada. See how their transformation continues as they leverage even more intelligent document processing.
