The Best Robotic Process Automation Solutions for Accounting Firms

The Solutions Review editors have compiled a list spotlighting some of the best robotic process automation solutions for accounting firms to consider working with. 

Organizations across the financial and accounting markets deal with a tremendous amount of data, requests, and processes. As a result, these companies often rely on technologies like Robotic Process Automation (RPA) to help them streamline workflows, processes, and strategies. However, not every RPA solution has the tools an accounting firm needs. So, with that in mind, the Solutions Review editors have compiled a list of top-rated RPA solution providers for companies across the financial services and banking industry to consider working with.

Our editors gathered this information via online materials, reports, product demonstrations, conversations with vendor representatives, and free trial examinations. The list is organized alphabetically.

The Best Robotic Process Automation Solutions for Accounting Firms

akaBot

Description: akaBot is a robotic process automation solution provider that works with companies in the manufacturing, banking, retail, telecommunications, and logistics industries. The company works with clients to prioritize process management metrics, identify tools for their needs, create customized strategies, design bots, develop an RPA center of excellence, and provide ongoing training and support services as needed. Accounting firms and companies in the broader banking sector can use akaBot to streamline invoice processing times, maximize accuracy, automate transaction processes, and more.

Automation Anywhere

Description: Automation Anywhere is an intelligent automation solution provider that helps companies use artificial intelligence across their organizations. With its Automation Success Platform, companies can access process discovery, RPA, document processing, analytics, and end-to-end process orchestration capabilities, all infused with generative AI. For example, finance and accounting firms can use the platform to streamline finance processes, minimize risk with a secure data collection platform, accelerate sales order processing, eliminate billing delays, automate reconciliations, reduce fraud risks with AI, and use intelligent automation and generative AI to prepare regulatory, financial, or management reports.

Datamatics

Description: Datamatics’ TruBot is a team of virtual assistants who automate repetitive and rule-based processes. It can recognize and replicate human actions when powered with AI, creating a more intelligent bot to make informed decisions. The company’s RPA solution can be used in an extensive collection of accounting and financial services use cases. These include invoice reporting, order booking automation, transaction posting, assets capitalization, compliance management, financial reporting, budget forecasting, Procure-to-Pay management, Order-to-Cash automation, invoice data capture, intelligent document processing, reconciliation statement generation, and more.

SS&C Blue Prism

Description: SS&C Blue Prism offers a diverse product portfolio, including intelligent automation, robotic operating models, Blue Prism Cloud, automation lifecycle management, and a process assessment tool, among other devices. Blue Prism’s intelligent automation platform is available for on-prem, public cloud, hybrid, multi-cloud environments, and SaaS deployments. The company’s RPA functionalities can help accounting firms maintain data integrity, respond to forecasting needs, and automate multiple end-to-end processes, including payroll, margin forecasting, purchase order processing, compliance, reporting, accounting book balancing, revenue forecasting, sales order processing, invoice processing, collections, risk monitoring, and more.

UiPath

Description: The UiPath RPA Platform allows anyone in an organization to build and use robots. The UiPath Business Automation Platform provides companies with end-to-end hyperautomation capabilities that cover RPA, AI, NLP, process orchestration, low-code app development, process mining, API automation, IDP, application testing, and task mining. Accounting firms can use UiPath’s RPA and AI functionalities to accelerate their invoice processing, improve supplier experiences with faster onboarding, automate purchase-to-pay (P2P) processes, digitize goods receipt (GR) tasks, reengineer workflows, validate invoice data, handle payment reconciliations, and more.