This document discusses how accounting robots can automate finance processes using robotic process automation (RPA). RPA uses software to mimic human actions on a computer and automate repetitive tasks. The document outlines how RPA can automate accounting tasks like bank reconciliations, accounts receivable, accounts payable, month-end close processes, and financial reporting. It also discusses implementing RPA for these tasks in 3 to 6 weeks at a cost of $4,000 to $12,000 to quickly realize automation benefits. Next steps proposed are assessing processes for RPA, automating bank reconciliations, and automating accounts payable.

1. How to Automate Finance Using
Accounting Robots
March 4, 2021 | TRU Snacks Webinar Series

2. Welcome & Introduction
Director
Citrin Cooperman
ccatalan@citrincooperman.com
Carlos Catalan
CEO
Plena Data
dave@plenadata.com
David Aditya
Vice President
Plena Data
jackson@plenadata.com
Jackson Oslter

3. Robotic
Process
Automation
A software that has the
capabilities to mimic human
actions on a computer
A sequence of steps, that
lead to a meaningful activity
or task is known as a
process
Task happens automatically
without human intervention
What is Robotic Process
Automation (RPA)?

4. • A technology software that allows business users automate repetitive, and time-consuming activities
• Examples: Bank Reconciliations, Running multiple reports,
Democratization
of the Technology
RPA Technology
Works With Any
Existing Systems
Implementation
Takes 3 to 6 weeks
based on process
• Cost has become extremely
accessible for middle-market
companies (e.g. Cost varies
between 4K to 12K.)
• We have automated processes
across QuickBooks, NetSuite,
Excel, Outlook, etc.
• Fast implementation projects
based on selected processes
driving automation benefits to the
business
Why RPA?

5. RPA in Accounting
Reconciliation
AR & AP
Month End Close
Financial
Reporting
Payroll and
Commissions Taxes
Invoice Data Entry
CC Expense
Accrual Journal
Entries

6. Integration Robots

7. BANK
Deposits
Withdrawals
Transfers
GENERAL
LEDGER
Transactions
Journal Entries
Invoice, Bills, POs
Partial Payments
CREDIT CARDS
Expenses
Credits
Reconciliation Robots

8. Accounts
Receivable
Robots
Create &
Send
Invoices
Record
Deposits
Collect
Payments
Send Receipts
Accrual JE
Reconcile

9. Accounts
Payable Robots
Capture
Invoice
Email
Enter
Invoice
Data
Human
Validation
Match
POs
Submit for
Payment

10. Month End
Close Robots
Accounts
Reconciliation
Journal
Entries
Flag
Exceptions

11. Finance Reporting
Robot
▪ Extract Data
▪ Clean & Format
▪ Business Logic
▪ Join & Consolidate
▪ Structure
▪ Present in Excel,
PDF & Word
▪ Send via Email
Gather Process Compile

12. We’ll work with you to select the best
processes for automation and develop a
business case to acquire the proper budget
RAPID FINANCE
ASSESSMENT
We’ll work with you to automate the bank
reconciliation process by understanding
your process and systems
BANK RECONCILIATION
AUTOMATION
We’ll work with you to automate the
accounts payable process by understanding
your process and systems
ACCOUNTS PAYABLE
AUTOMATION
Schedule a scoping call with us to discuss the following….
Next Steps

13. Questions?

14. Thank You
For Watching & Listening
Carlos Catalan
Director
Citrin Cooperman
ccatalan@citrincooperman.com
David Aditya
CEO
Plena Data
dave@plenadata.com
Jackson Oslter
Vice President
Plena Data
jackson@plenadata.com