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Finance/Accounting

Automated accounting is guaranteed ROI for the CFO.

Auditing, income statement preparation, invoice processing, and bank account reconciliation are all tasks that can benefit from automation. Using automation modules to perform these tasks can help increase productivity and efficiency, allowing you to do more with less. Automation can also provide an immediate return on investment by reducing the time and effort required to complete these tasks. Additionally, our modules are compatible with a wide range of software, so no additional integrations are required. This makes it easy to automate a variety of everyday tasks, such as activity statement audits, credit scoring, and financial statement audits.

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automating processes in a checklist

Work just became less work.

We train automation modules to work in just about any accounting scenario. Submitting invoices, collecting payments, and communicating transactions. If you have a complex accounting process, chances are we can automate those routines to provide accurate and error-free data every time.

use cases

These companies have
already seen the benefits of automation

Ally Pediatric

Ally Pediatric Accomplished a 90% Reduction in Their Invoice Processing Time

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Behavioral Health

Behavioral Health Works

Behavioral Health Works Reduced Overhead, Making Collections Faster and Cleaner

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Butterfly Effects

Butterfly Effects Experienced an Astounding 235% Return On Investment

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all case studies

Thoughtful is ready to automate your Finance/Accounting processes.

AR

AR Invoice Entry

This bot gets invoice information from Slack Channel and creates a new Customer Invoice in Accounting system.

finance/accounting,all industries,accounts receivable,bill.com,crunch accounting,financepal,freshbooks,infor,microsoft dynamics gp,netsuite,profitbooks,quickbooks,sage intacct,sap,xero,zarmoney,zoho books,slack

Accounts Receivable, Customer Invoice, Invoice, AR

AR

AR Journal Entries

At the end of each month, this bot makes the predefined Accounts Receivable Journal Entries.

accounting finance; all industries; accounts receivable; bill.com; crunch accounting; financepal; freshbooks; infor; microsoft dynamics gp; netsuite; profitbooks; quickbooks; sage intacct; sap; xero; zarmoney; zoho books

Accounts Receivable, Month-End

AR

Account Reconciliation

The bot will reconcile each balance sheet account against source statements.

finance/accounting,all industries,general ledger,accounts receivable,accounts payable,bill.com,crunch accounting,financepal,freshbooks,infor,microsoft dynamics gp,netsuite,profitbooks,quickbooks,sage intacct,sap,xero,zarmoney,zoho books

Accounting, Account Reconciliation, Reconciliation,Month-end

BD

Bad Debt Write-Off

At a specific frequency, this bot will make the journal entries to write-off bad debt.

accounting finance; all industries; accounts receivable; bill.com; crunch accounting; financepal; freshbooks; infor; microsoft dynamics gp; netsuite; profitbooks; quickbooks; sage intacct; sap; xero; zarmoney; zoho books

Accounts Receivable, Bad Debt, Write-Off

BP

Bill Payments

The bot gets what bills to pay from spreadsheet and pays them on payment website.

accounting finance; all industries; restaurant; hospitality; accounts payable; bill.com; crunch accounting; financepal; freshbooks; infor; microsoft dynamics gp; netsuite; profitbooks; quickbooks; sage intacct; sap; xero; zarmoney; zoho books; ringcentral; lighthouse payments

Bill Pay, Bill Payments

CA

Cash Application

Automating Cash Applications has several advantages for companies, especially in accounting and finance departments. By automating this process, companies can significantly reduce the time and resources required to process payments and post them against invoices manually. This, in turn, leads to faster and more accurate payment posting, reducing the risk of errors or delays. Automation also enables companies to identify and resolve payment discrepancies more efficiently, improving customer satisfaction and reducing the workload on staff. Furthermore, automated Cash Applications can provide real-time visibility into payment status and trends, enabling better decision-making and improved cash flow management. Ultimately, automation can help finance departments work more efficiently, reduce costs, and improve overall operational performance.

accounting finance; all industries; accounts receivable; bill.com; crunch accounting; financepal; freshbooks; infor; microsoft dynamics gp; netsuite; profitbooks; quickbooks; sage intacct; sap; xero; zarmoney; zoho books

Payment Processing, Cash Application, Accounts Receivable

CO

Collections

This bot executes collections workflow on past due invoices.

accounting finance; all industries; accounts receivable; bill.com; crunch accounting; financepal; freshbooks; infor; microsoft dynamics gp; netsuite; profitbooks; quickbooks; sage intacct; sap; xero; zarmoney; zoho books

Accounts Receivable, Collections

CC

Commission Calculation

At the end of each month, this bot calculates complex tiered sales commissions.

accounting finance; all industries; accounts receivable; bill.com; crunch accounting; financepal; freshbooks; infor; microsoft dynamics gp; netsuite; profitbooks; quickbooks; sage intacct; sap; xero; zarmoney; zoho books

Accounts Receivable, Commissions, Payroll

CW

Credit Workflow

This bot cycles through entire Credit workflow and performs tasks based on status in Credit Dashboard.

finance/accounting,all industries,accounts receivable,credit & collections,bill.com,crunch accounting,financepal,freshbooks,infor,microsoft dynamics gp,netsuite,profitbooks,quickbooks,sage intacct,sap,xero,zarmoney,zoho books,google sheets

Credit, Collections, Accounts Receivable

These are just some of the systems our bots work with...

Service Now

ProfitBooks

Xero

Bill.com

Sage Intacct

NetSuite

Infor

And more! Search your application on our use cases page!

Learn how much Thoughtful's bots can impact your business.

An expert can help you understand the ROI and time-to-value we can offer.

Request Demo

Check out our blog

6 Ways to Improve Business Efficiency With Robotic Process Automation

Today's business climate is constantly under fire from multiple forces. This makes it imperative for businesses to take advantage of anything that will increase the efficiency of the organization within a cost-effective model.

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Best Ways to Streamline Your Invoicing With Robotic Process Automation

Streamline your invoicing process with RPA. You've likely heard of or even considered using robotic process automation (RPA) technology to streamline your business processes and workflows.

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