A market-leading designer and manufacturer of innovative optical and photonic products enabling optical networking and laser applications worldwide, looking for ways to improve their efficiencies and reduce risk with their ERP systems.
In response to the client’s period close process problems, they sought an automated solution, and Winfo presented WinfoBots as the ideal option.
The implementation of WinfoBots would substantially reduce the time and effort required for the Fixed Asset Module’s period close.
WinfoBots effectively automated all the manual steps involved with the transactional system, resulting in a faster period close for the Fixed Asset Module.
This solution was thoughtfully designed to optimize the finance period close, thereby eliminating the necessity for employees to work extended hours, including weekends.
By automating over 270 monthly steps, Closing 19 books the company’s team saved time and could focus on other critical tasks and projects.
Automation resulted in saving 44 Days of human effort by Automating Asset Retirement and Supplier Batch payments.
WinfoBots’ automated solution revolutionized the period close process for the Fixed Asset Module, saving over 44 Days of effort and enhancing financial reporting accuracy. With a 70% reduction in process duration, financial analysis became more efficient, and decision-making improved. The implementation also achieved a better work-life balance, thanks to reduced reliance on manual efforts and minimal business involvement.
“WinfoBots provided a game-changing solution for our Fixed Asset Module period close. The significant time savings and streamlined processes have given us more room for financial analysis and better decision-making. The accuracy of financial reporting has notably improved, and the reduced manual effort has allowed us to focus on our core business activities. We highly recommend WinfoBots for enhancing financial sub-ledger period close processes.”
Director, IT Applications
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