Finance & Accounting

Streamline processes, drive operational
excellence, and reduce costs

Schedule a Demo

Skan AI for Finance & Accounting

Skan AI's finance process automation gives Finance and Accounting leaders visibility into every manual step, handoff, and system interaction across core financial operations, making inefficiencies measurable and addressable. Our technology facilitates seamless process optimization, empowering your organization to identify high-yield automation opportunities, maximize compliance adherence, and align your strategic initiatives with your digital investments. 

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Invert The Work
Pyramid 

Identify automation opportunities so that workers spend less time on repetitive non-value added work, such as cutting and pasting data, and more time with customers, analyzing and making decisions that deliver customer value.  

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Drive Operational
Excellence

Identify standardization and automation opportunities to boost productivity, and reduce variability, processing time and turnaround time.    

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Reduce Cost of
Processing

Measure and analyze unit cost of processing, identify root-causes of effort, time and cost of processing, eliminate non-standard activities and reduce effort, time and cost of processing. 

Finance and Accounting Image

Skan for Finance and Accounting

Leading finance and accounting organizations use Skan across critical business operations and use cases.  

Accounts Receivable (AR)

Accounts Receivable (AR)

Drive efficiencies and improve collections. 

  • Customer Invoicing and Statement Generation
  • Payment Application and Cash Posting
  • Dunning and Collections Workflow
  • Credit Management and Risk Assessment
  • Dispute Resolution and Adjustment Processing

Accounts Payable (AP)  

Accounts Payable (AP)  

Optimize know your customer (KYC) processes, and proactively manage service level agreements (SLAs).

  • Account Servicing & Maintenance
  • Complaints and issue resolution
  • Anti-money laundering (AML) & KYC, Client Onboarding

Financial Reporting and Analysis

Financial Reporting and Analysis

Streamline payment workflows, improve process throughput and improve customer experience. 

  • Origination, adjudication and collections
  • Electronic Payments - exceptions
  • Fraud detection and resolution

Cash Management and Treasury Operations

Cash Management and
Treasury Operations

Streamline treasury processes and procedures.

  • Cash Forecasting and Planning
  • Bank Reconciliation
  • Investment Management
  • Debt Management and Financing
  • Foreign Exchange (FX) Risk Management

Budgeting and Forecasting 

Budgeting and Forecasting

Drive operational excellence, and reduce costs.

  • Data Gathering and Validation
  • Collaborative Budgeting Process
  • Scenario Analysis and Modeling
  • Approval and Review Workflow

Accounts Receivable (AR)

Drive efficiencies and improve collections. 

Business Use Cases
  • Customer Invoicing and Statement Generation
  • Payment Application and Cash Posting
  • Dunning and Collections Workflow
  • Credit Management and Risk Assessment
  • Dispute Resolution and Adjustment Processing

Accounts Payable (AP)  

Optimize know your customer (KYC) processes, and proactively manage service level agreements (SLAs).

Business Use Cases
  • Account Servicing & Maintenance
  • Complaints and issue resolution
  • Anti-money laundering (AML) & KYC, Client Onboarding

Financial Reporting and Analysis

Streamline payment workflows, improve process throughput and improve customer experience. 

Business Use Cases
  • Origination, adjudication and collections
  • Electronic Payments - exceptions
  • Fraud detection and resolution

Cash Management and
Treasury Operations

Streamline treasury processes and procedures.

Business Use Cases
  • Cash Forecasting and Planning
  • Bank Reconciliation
  • Investment Management
  • Debt Management and Financing
  • Foreign Exchange (FX) Risk Management

Budgeting and Forecasting

Drive operational excellence, and reduce costs.

Business Use Cases
  • Data Gathering and Validation
  • Collaborative Budgeting Process
  • Scenario Analysis and Modeling
  • Approval and Review Workflow

Business Value Metrics

Leading finance and accounting organizations use Skan to drive better business outcomes.

25%
Reduction in error rates and case rework

Global finance and accounting organization 

20%
Improvement in case volume

Global finance and accounting organization 

26%
Reduction in process turnaround time

Global finance and accounting organization 

Client Testimonials

See what our customers are saying about Skan

  • This seems very useful as a tool. That we can compare the process across participants or time windows will help us track a process before and after changes are made.

    user_time
    Director, Head of Innovation

  • Skan AI delivered an exceptional outcome that was way beyond everyone’s expectations...our VP-level audience shared that they never knew many of the metrics that Skan shared - which they can now use for transformation. Skan left the competition far behind.

    user_time
    F250 Financial Services

  • A lot of what we learned is something we had a just a hypothesis around, but now we have true metrics and data-driven insights to back us up. The Skan team jumped in, learned about our business and iterated rapidly with us.

    user_time
    Global Logistics Provider

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Skan the possibilities and ignite your business transformation with our non-intrusive, zero-integration technology that empowers organizations with data-driven business insights to maximize productivity and digital innovation.

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