Digital interaction is dominating nearly every aspect of today's business. Leveraging your data with the help of technology has become critical to drive business outcomes and be relevant in today's digital era. It empowers you to make more informed decisions and deliver exceptional experiences for customer in today's fast-moving world. How readily the real-time insights are incorporated to enhance customer experiences and streamline any company's processes for further simplification.
Software robots—instead of people—do repetitive and lower-value work, like logging into applications and systems, moving files and folders, extracting, copying, and inserting data, filling in forms, and completing routine analyses and reports. Advanced robots can even perform cognitive processes, like interpreting text, engaging in chats and conversations, understanding unstructured data, and applying advanced machine learning models to make complex decisions.
When robots do these types of repetitive, high-volume tasks, humans are freed to focus on the things they do best and enjoy more: innovating, collaborating, creating, and interacting with customers. Enterprises get a boost too: higher productivity, efficiency, and resilience. It’s no wonder that RPA is rewriting the story of work.
SAP Workflow Management allows you to digitize workflows, manage decisions and gain end-to-end process visibility. It allows users to digitize and automate decision making. It enables process excellence, process transparency, and process transformation by providing one view of the process. Users can configure the process flow without the involvement of IT to improve process efficiency.
Intercompany Matching and Reconciliation (ICMR) is an out-of-box solution that is built-in SAP S/4HANA. Intercompany reconciliation is a process of reconciling intercompany financial accounts between two or more companies. It is the process of transferring assets, liabilities, or equity accounts between companies to ensure the consistency of financial statements. This process is usually initiated by the management of the larger company or companies, with the smaller company or companies being the target of the reconciliation. ICMR increases the process’s visibility and transparency, by eliminating the delays that are frequently encountered while addressing intercompany differences.