PEAK-MATRIX-fna1
Everest Group Peak Matrix For Finance & Accounting (F&A) Digital Capability Platform (DCP) Solutions
PEAK-MATRIX-rpa1
Everest Group PEAK Matrix For Robotic Process Automation (RPA) Technology Vendors - 2019

Subscribe to Datamatics Updates

Invert-Logo
Careers  |  Media  |  Events  |  Investors  |  Blog
act-sample-bg33.jpg

A leading general insurance provider automates policy payments reconciliation

Client

One of the leading general insurance providers


Industry 

Insurance


Region

India

RPA_TruBot automates reconciliation of new policy payments for a leading general insurance provider in India

Challenges

The insurance provider received policy payment reports from multiple sources including third parties, which needed to be reconciled in a timely manner. It was a manual process, which entailed data validation and data massaging prior to reconciliation and involved high overheads and operational costs. 

Solution

Datamatics implemented Robotics solution, which included multiple steps. The bot retrieved bank reports, vendor reports, and internal reports for the reconciliation. In case of payment realization or cheque bounce, the bot appropriately updated the vendor portal or the internal systems.

Download Case Study

Impact

annual-report

2/3rd 

Time savings over manual reconciliation 

annual-report

99%

Achieved higher levels of accuracy