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.
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.