Finance and Accounting
Some sales data need to exist in both CRM and ERP systems. Instead of manual data replication, ANTstein can update accounting records in multiple systems, validate accuracy, prepare invoices and deliver them from assigned email accounts.
Create a centralised platform to standardise the process of managing statutory financial reports. Spend less time on data collection. Capture and analyse data points from excel files, and manage multiple report iterations with auditors.
Automate account closure such as capturing and verifying signed documents, create and process service tickets, handle exceptions via machine learning and send confirmation letters via mail or email.
Improve the assessment of a customer’s creditworthiness quickly and without human error. Analyse documents, credit reports, websites and systems simultaneously, and also assess potential grey areas – making it easier to make informed decisions on credit risks.
Statement distribution relying on data from multiple systems are painful to produce manually. Automate and optimise customer communications delivered in your customers’ preferred channels email and printed documents.
Debt Recovery/ Collections
Automatically sift through millions of records aggregated from multiple sources and identify priority accounts for cost-effective and efficient location of debtors.
Financial Report Consolidation
Generate reports faster and with more accuracy. Automatically and comprehensively access, digitise, extract, classify, verify and reconcile financial statements in siloed systems to generate reports.
ANTstein will catch discrepancies on labour charges to contracts between various essential documents, such as invoices and purchase orders.
Extract data points from multiple sources and formats including print documents. Validate and reconcile actual costs against planned cost, and increase transparency in cost allocation calculations.
Proactively meets your inventory. Reconcile records across multiple systems to bring all inventory management features under one system.
Automatically and comprehensively access, extract, verify and compile data in siloed systems to generate the necessary reports 24/7.
Funds Transfer (sweep)
Create an automatic sweep to execute standing instructions that move funds from one account to another, relieving the need to enter separate instructions each time a transfer of funds is required or desired, or to write and deposit cheques.
Automate credit limit management at both client and portfolio levels from their activation through their entire lifecycle. ANTstein proactively monitors limits across business segments offering a centralised observation point for all stakeholders in the credit and risk chain.
Amortisation & Depreciation
Improve the integrity of all financial statements by automating account reconciliations, balance sheet certification and variance analysis by taking into account amortisation and depreciation.
Automatically conduct periodic control self-evaluations and perform periodic management testing of control effectiveness.
Bank and Credit Card Reconciliation
Automate reconciliation by verifying transactions through detailed comparison. Create workflows to ensure quick investigation of identified discrepancies, and integrated storage of any supporting documentation.
Journal Entry Creation and Verification
Centralise, manage and automate journal entries - a complete journal entry management system that enables you to create, review and approve journals, then electronically certify and store them with all supporting documentation.
Balance Sheet Account Reconciliation
Automatically extract data from paper statements, legacy system and ERP system. Reconcile accounts, check balance sheet and compare against the company’s own records. An auto-generated report is then created for analysis.
With automation, account reconciliations can be completed throughout the month allowing for variance analysis to become an ongoing automated process that occurs and reduces financial risk on a daily basis.