Roots Management was manually reconciling their bank statements in their ERP at the end of each month. By far, manual reconciliation is the least efficient and most cost-demanding process in the accounting cycle. According to a survey by EY, up to 59% of a financial department’s resources are spent on managing transaction-intensive processes. Around 95% of this effort is wasted on transactions that already match, rather than problem entries that actually require attention.

Roots Management knew that RPA was the answer to the time wasted on their manual month end process. Roots Management selected Emma's bank reconciliation Bot to automate their reconciliation processes, provide timely management reports, improve exception item handling, and to increase overall departmental productivity.

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They knew that automation would allow them to work faster, leaner, and more efficiently. Emma provided a quick, consistent, and reliable product to fill their needs.

Roots Management’s Emma Bot saves them 3-4 days of manual effort. Their Emma bot automatically reconciles over 200 bank accounts in just a matter of hours, allowing their employees to focus on other value adding tasks such as customer service and account collection.

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With automation, the robot can complete 1:1 and M:1 matches. If the Bot is unable to find a match, it generates an exception report of missing, duplicate, or incorrect transactions in their ERP system. This report allows Roots employees to quickly handle any exceptions

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The increased visibility into their month end reporting created by the Bot creates easy audit trails and allows all parties to be fully in the loop regarding where Roots Management finances are each month.