Finance and Accounting

Transforming Finance for Unprecedented Business Growth

Finance leaders are playing a more strategic role in the success of their organisations by supporting digital transformation and driving company growth. However, outdated systems and manual processes hinder efficiency, resulting in errors, delays, and increased operational costs. Finance professionals need to be empowered to take on high-value advisory roles while automating routine reporting, accounting and compliance tasks.

We empower the Finance and Accounting function by seamlessly incorporating AI and automation to improve accuracy, and speed, and enable strategic decision-making.

Invoice Processing: Streamline financial workflows and seamlessly manage multiple purchase and work order formats with automated invoice processing.

Accounts Payable and Receivable: Optimise cash flow by integrating cutting-edge automation into your existing applications and workflow for enhanced financial visibility.

Accounting and Financial Reporting: Find, organise, and analyse financial data using AI and create financial statements and customisable reports to meet compliance requirements.

Procure-to-Pay (P2): Utilise AI and automation to streamline invoice processing, vendor account setup, purchase orders, and reconciliation for a seamless P2P experience.

Supply Chain Management: Leverage OCR and AI to optimise the supply chain from identifying vendors, placing orders, delivery and logistics, and inventory management.

Customer Stories

Transforming Compliance Policy Management with GenAI

Discover how LatentBridge’s GenAI-powered solution enhanced accessibility and understanding of regulatory compliance policies for a large European financial services firm.

99%

Success in fetching contextualised information

Instant

Access to relevant information

Faster

Document search and compare

Customer Stories

Improved fee collection and revenues for leading wealth and investment adviser in the UK

Streamlined revenue and billing operations across more than 3000 clients and over 80 plan administrators by designing a centralised fee management and administration platform. The solution included an API-based ingestion of fee statements, automated fee receivables, matched it to statement data, and flagged unmatched items, thus improving fee collection and improving business productivity.

80%

Fee management efforts automated

85%

Reduction in supervision efforts

65%

Real-time / on-demand Fee MIS & Analytics

Customer Stories

Increased efficiency of Accounts Payable for a leading industry organisation of merchants

Modernised Accounts Payable function with robotic process automation (RPA) and AI-based solution handling more than 40000 invoices across about 100 merchants A single intelligent automation framework was developed to enable automated extraction of invoice data, verification against purchase orders, journal entries, and communication exceptions with relevant teams.

95%

Accurate reconciliation of invoices

75%

Reduction in manual efforts

15%

Reduction in overdue payments

Finance and Accounting

Enhanced Accuracy

Operational Efficiency

Compliance Assurance

Improved Risk Management

Transforming Compliance Policy Management with GenAI

99%

Instant

Faster

Improved fee collection and revenues for leading wealth and investment adviser in the UK

80%

85%

65%

Increased efficiency of Accounts Payable for a leading industry organisation of merchants

95%

75%

15%

Insights

Automating Operations: A Necessity for Modern Businesses

Top 6 trends that are shaping the future of Enterprises in 2024

Curiosity to Confidence: The Customer's Journey in Embracing GenAI