Sector: INSURANCE | Region: GLOBAL
Our Client, a leading insurance company, wanted to automate their bank statement Reconciliation process to improve control & reduce TAT, manual errors .
Bank Statement, shared by the bank via email needs to be reconciled against the bank book downloaded from the internal system and the control sheet for the claims department. The bank statements downloaded from email are reconciled with various merchant reports (Paytm, PAYU, Phonepe, Paytm Seller, Policy Bazaar and ET money) and with the corresponding bank book downloaded from the in-house application.
TAO’s team of specialists developed the business case to assess the benefits of RPA and designed a solution to increase the efficiency, improve control, reduce TAT and reduce the overall processing costs.
TAO’s solution for near real-time reconciliations – AUTORECON formed the backbone of this solution.
For more information on this assessment case please write to us at [email protected]Download