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Finance & Audit

Don’t Just Streamline Your Financial Operations
Transform How You Operate with Senzcraft
Tired of Missed or Duplicate Payments Draining Your Resources?

Is your current invoicing system leading to frequent payment errors and inefficiencies?
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Finance Teams Challenges

Procure to Pay

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  • Invoice processing delays

  • Manual data entry errors

  • Approval bottlenecks

  • Supplier communication inefficiencies

  • Payment discrepancies

Order to Cash

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  • ​Invoice generation errors

  • Payment collection delays

  • Customer credit management issues

  • Order tracking difficulties

  • Dispute resolution inefficiencies

Treasury

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  • Cash flow forecasting inaccuracies

  • Investment decision delays

  • Manual reconciliation errors

  • Risk management complexities

  • ​Compliance monitoring challenges
     

Financial Planning and Analysis

  • Data consolidation delays

  • Forecasting inaccuracies

  • Scenario analysis complexities

  • Manual report generation

  • Lack of real-time insights

Record to Report

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  • Data entry inaccuracies

  • Reconciliation delays

  • Compliance reporting challenges

  • Manual journal entries

  • Closing process inefficiencies

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Audit & Accounting Teams Challenges

Accounting

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  • Data entry errors

  • Time-consuming reconciliations

  • Manual report generation

  • Compliance with regulations

  • Period-end closing processes

Audit

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  • High effort in collecting documents and data from ERP and other systems

  • Random sampling leaves open risk

  • High effort in reviewing transactions against contract clauses

Contract Adherence

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  • Reviewing unstructured contract documents error-prone

  • Volume based pricing difficult to review and match

  • Auditing contract adherence time taking and effort intensive

 AI driven SOLUTIONS

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Invoice Processing

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Automate invoice processing in ERP from invoices received by email.

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Vendor Payments

 

Automate vendor payments, from comparing the aging report with bank statements to preparing payment batches and uploading them to the banking portal.

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Cash Application

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Automate outstanding receivables reconciliation and application of cash to receivable invoices.

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Customer Account Reconciliation

Automated solution to expedite Customer Account reconciliation, minimize errors, and optimize financial accuracy

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Internal and External Audits

Automate audit document collection, expand sample set to evaluate greater transactions and identify risks

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Contract Adherence

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Automate reviewing compliance with contract clauses and terms and conditions

Solution Benefits

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Simplify Operations

  • Simplified and Automated Operations

  • Workflow driven and Role Based

  • Every transaction is traceable and visible

  • Analytics & Insights to improve operations

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Be Compliant

  • Automated and Audit ready

  • Track actions by bots and humans to ensure traceability

  • Role based, workflow driven and timestamped actions

  • No documents or communication losses over emails

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Request a Case Study

Interested in learning more about how Senzcraft has helped companies like yours transform their business operations? Request a Case Study now! 

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