Reporting or MIS in the manufacturing sector is the backbone of its operations – financial, sales or inventory management.
Speed and accuracy are the key factors, and Bots enable core teams with accurate, real-time and on-demand reports.
Inventory management typically involves reconciliation across multiple systems as companies find it challenging to bring all inventory management features under one system. RPA bots can automate such inter-system reconciliation and communication with ease.
In addition, real-time reporting provided by RPA determines optimal inventory levels based on previous needs and modify levels based on patterns in demand. RPA makes it convenient and well organized for providers to retrieve inventory levels at all times and assess current needs.
Inventory Reporting Scenario:
Robotic Process Automation (RPA) Service uses software robots to automate business finance reporting. The robots can log in to your business systems(Third-party tools, e.g., QAD, SAP etc.), gather data and pull together your financial reporting. This can be programmed to suit your business requirements regularly, allowing you to have instant information as and when you need it. Here, you access the SAP tool, retrieve the Inventory Aging file using Menu No, compare the Master file with the Aging file. Data Manipulation (like Vlookup & Date calculation) needs to be done. Creating a Pivot table based on the final result and Reports can be provided along with a pivot table on a live dashboard or via email to relevant people in your business.
Login to Third Party Tool- Ui Automation is used.
Access Inventory Warehouse File using Menu No- Ui Automation is used.
Compare Master File with Inventory warehouse File for fetching Item No & Item Description- Vlookup used in Excel Extension Scope.
Data Manipulation: Data Formats & Date calculations are used in Excel Activities.
Based on the output, Create pivot Table- Pivot Activities are used.
Mail Notification: SMTP Mail Activities are used.
Financial Reporting
Benefits Of RPA In Reporting
Full Audit Trail – When processing data and carrying out other automated data reporting activities a full audit trail is provided to maintain security. The digital workforce can provide a report based on this, sharing data regarding their activities and processing time with approved persons.
Save Time and Money –RPA saves time and money while data reporting. It allows your business to save time and money while boosting productivity, enhancing accuracy, and minimising risk.With RPA, you get a significant gain of time and scale, as the same activity took 6 hours from a single employee every day.
Accuracy & Quality – RPA offers improved services to processes that have a high probability of human error, thereby increasing accuracy. Robots are reliable, and consistent and do not whine when expected to work tirelessly.
Improved Analytics – Having access to error-free, accurate data from various sources would improve the quality of analytics in the process. This leads to better decision making and overall betterment of the process execution.
Speed – As bots are handling the execution here, a larger amount of work can be done in a relatively much shorter period. A faster delivery, coupled with accuracy becomes the norm with automation.
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