Overview Of The Company
Solutions: Corporate Payroll Automation
- Bot Creates Task: Upon receiving an email containing a payroll file, the Bot automatically opens the task manager, creates a new task, and attaches the payroll file to it.
- Bot Finds Data Values: The Bot reads the task and identifies the required data values for payroll verification. It then pulls and verifies this data before sending the task to the ‘Run Edits’ queue.
- Bot Runs Two Edit Sequences: The Bot generates an editable copy of the payroll file and creates a summary report to run edits. During the first edit sequence, the Bot checks for conflicting information and items requiring action, including “Rejects” that deviate from business rules. If the Bot can’t resolve a Reject item on its own, it forwards it to the SME for manual review. The Bot runs edits a second time to ensure the payroll summary details’ accuracy before proceeding to create the funding request.
- Bot Generates Funding Request: The Bot calculates the total amount of money the client must deposit into 401k accounts as payroll deductions and generates a funding request for the specific amount. The request is then sent to the client.
Corporate Payroll Automation Results
- Error Reduction: The implementation of RPA led to an impressive 90% reduction in errors, ensuring higher accuracy and reliability in the payroll reconciliation process.
- Processing Time Reduction: The payroll automation solution resulted in an 81% reduction in overall processing time, enabling faster and more efficient completion of the Corporate Payroll process.