Infinit-Automate & Infinit-Intelligence: Automation of ForEx in Billing for a Financial Services Company

Challenge

A billing associate spent an average of 16 hours per month gathering data on exchange rates to generate monthly invoices in various currencies, leading to inaccurate conversion, potential delays in payment, and possible cash flow limitations.

Solution

Our AI-driven Infinit-Automate and Infinit-Intelligence platforms automated, analyzed, and optimized the end-to-end exchange rate gathering workflow.

The configured digital worker performed the following tasks:

• Extract data from the website and analyzed it for further processing
• Collated data into a single file
• Published the updated data in an online report
• Sent the report to the Billing Associate

Benefits

Using Infinit-Automate’s Automation and Business Intelligence (BI) capabilities, the financial services back office achieved greater accuracy, efficiency, and improved cash flow. The solution provided remarkable productivity and accuracy gains.

Automation of foreign exchange in billing can help streamline the process, improve accuracy, and save time for businesses that frequently deal with international transactions. Infinit-O has business process automation solutions and business intelligence solutions that help businesses reduce manual effort in calculating and converting currency amounts.

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