Automated Accrual Management Solution

Simplify Accrual Management

RapidValue’s Accrual automation solution is a digital based system that interfaces with multiple Oracle modules like Oracle Purchasing, Projects etc. to enable accurate capturing of accruals and automated journal creation. It is a centralized and collaborative platform that brings together people, data and critical tools into the same system.
Accrual automation solution improves reconciliation, streamlines accrual processes and thus, produces more accurate financial statements. It enables seamless interactions between different departments in the organization and reduces the process closure time drastically. It also saves the cost of labor on a large scale, by optimizing the workflow.

Vendor Accruals Automation is implemented to automate the payable accrual process for vendors in Oracle E-Business Suite (EBS). The entire manual process of accruals is automated, so that each user role can login to the application and complete the accrual process as per the requirement. It enables a highly automated workflow and streamlines accruals hand-offs between multiple departments like Financial Planning & Analysis (FP&A), Business Owners and General Ledger (GL) users. The solution enables smooth interactions between different departments as it is a web based system which is highly usable.

Key Features

Accrual Graphical Chart

Accrual Status Dashboard

Automated Email

Delegate Accrual

Export and Import Excel to Grid

Open PO/PR Accrual

Reports- Open PO,
On Hold, Aged PO

SSO Integration

Business Benefits

Streamlined Purchase Order (PO) management and approvals.

Reduced duplication of effort and improved sign-off.

Satisfied tech savvy millennial employees.

Secure integration to backend systems including ERP.

Automated workflow to transform a spreadsheet-based process to a fully efficient automated workflow-based process.

Highly customized solution that ensures prompt usability in accordance to daily needs of employees.

Enhanced overall process time by 10X.

Cost savings due to reduction in resources on non-value added tasks.

Enabled seamless interactions between different departments.

Deployed web-based system, which is highly secure and scalable.

Completely integrated workflow between multiple Oracle modules/corporate email modules to manage the services accruals process.

No redundancy due to the elimination of manual process.

Case Study

Reducing processing time by 70% for world’s largest professional social networking firm

RapidValue implemented an automated accrual management solution that helped processing month end accruals in 1-2 days which would otherwise take months to get processed. It also provided error-free accrual entry avoiding effort duplication, integrated workflow between multiple Oracle modules and drastically saved cost by optimizing resource utilization.

Automated Accrual Management