What Are ERP Bots?
In layman’s terms, ERP Bots are software agents that run on the ERP system and are triggered by activities during the R2R process via an ERP connector or API, such as the Cadency Close API. The primary purpose of these bots is to allow organizations to trigger advanced, time-saving workflows in their ERP systems.
For example, during the posting of intercompany journal entries to an ERP system, you may want to post the AP and AR invoices concurrently to both subledgers, validating that they both post, or reverse the change. Historically, the human intervention necessary to complete this task presented a tangible risk due to the potential for manual errors and it was also a time-consuming endeavor.
However, the ERP bots unique sequencing, validation and error-handling routine enables organizations to avoid this risk and can be extended to perform other actions such as triggering tax calculations or creating invoices for AP/AR entries.
With our customers’ needs driving our innovations, Trintech has developed and launched ERP Bots that are connected to Cadency via the ERP connector for Journal Entry and/or the Close Action Plan Router (APR). As a result, these bots enable unique RPA workflows to be built, configured and supported by Trintech.
How ERP Bots Improve the Financial Close Process
ERP Bot Capabilities
- Decrease cost and improve quality of the Record to Report process
- Remove risk associated with human intervention
- Unique RPA workflows allow for time-saving workflows
About Cadency’s System of Financial Intelligence
Cadency’s System of Financial Intelligence (SFI) combines ground-breaking automation technologies, such as Artificial Intelligence (AI), Robotic Process Automation (RPA) and Bots, and cleverly applies them throughout Cadency’s System of Financial Controls (SFC) to support the often complex and complicated Record to Report process. These technologies offer unique, powerful solutions to some of the most complex R2R challenges and readily scale as the financial transformation journey evolves and businesses grow.