Services

Autonomous Finance

AIOPS.D™

AIOPS.D™

Autonomous Finance

A suite of integrated microsolutions enabling enterprises to enhance decision-making processes, achieving greater efficiencies in real time.

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What is Autonomous Finance?

AIOPS.D™ Autonomous Finance leverages artificial intelligence (AI) and machine learning (ML) to reduce time spent on manually intensive month-end activities—enabling an accelerated, more touchless financial close.

The solution helps improve data monitoring and correction, automates data updates between systems, identifies and creates new master data, and automates the validation of business rules.Harnessing AI/ML capabilities, the solution autonomously identifies, proposes, and executes corrections, dramatically boosting data accuracy and operational efficiency.

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AIOPS.D™ Finance Potential Benefits?

With AIOPS.D™, organizations have an AI-based framework that takes proactive steps across the financial close process—boosting reporting accuracy and reducing manual intervention for an accelerated, more touchless close.

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Up to 75%

Reduction in reconciliation errors. Boosts data accuracy, guaranteeing dependable financial reporting

50%

Decrease in manual interventions and journal entries, empowering employees to focus on strategic business decisions

2-4 days

Reduction in financial close cycle times by leveraging AI solutions for faster access to critical financial insights

AIOPS.D™ Autonomous Finance Microsolutions in Action

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AIOPS.D™ Autonomous Accountant leverages machine learning (ML) models to continuously monitor and autonomously correct data quality issues, significantly reducing the time spent on labor-intensive month-end financial activities.

The solution autonomously compares and cross-references data from multiple sources, ensuring high data quality. It seamlessly obtains and reconciles data across systems without requiring human intervention.

Key features:

  • ML-driven engagement for financial data analysis and reconciliation
  • Autonomous detection of data anomalies
  • Self-learning mechanism to incorporate user feedback and behavior
  • Real-time monitoring and feedback for timely and accurate posting of journal entries

Value delivered:

  • Increased data accuracy with significant reduction in reconciliation errors ~ upto 75%
  • Reduction in manual effort leading to faster financial cycle close times by 2-4 days
  • Saves time, ensures complete and reliable financial reporting

AIOPS.D™ Autonomous Cash Application leverages conversational AI and ML capabilities to automate and accelerate the manual collections process. The solution leverages payment and invoice data existing in the current enterprise resource planning (ERP) systems to generate smart matches of open invoices with open payments and automatically validates all the payments that are received.

It also automates disputes management and inter-team data collection. This ensures that open invoices are closed out on time and maintains the critical service level agreements (SLA) to meet business requirements.

Key features:

  • Automates collection process with auto-calling features
  • Provides guided self-service channel for the customer
  • Enables bulk application of matches through EML matching algorithm

Value delivered:

  • 95% auto cash IT rate due to straight through cash posting
  • Reduction in cash specialist FTA hours by 50%
  • Reduced manual effort and time in capturing and validating the payments received
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One platform. One approach.

With AIOPS.D™, everything needed to move from automated to autonomous is in one place. All microsolutions are hosted on a unified platform, allowing organizations to select the optimal mix of as-a-service solutions to achieve process autonomy without logging into multiple systems to access them.

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Explore Additional AIOPS.D™ Microsolution Offerings

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Autonomous Source-to-Pay (S2P)
S2P process solutions improve spend visibility and management, compliance, and supplier onboarding while mitigating supplier risk.

What is autonomous source-to-pay?

AIOPS.D™ autonomous source-to-pay delivers the targeted solutions to drive self-healing data, cross-enterprise data matching, and autonomous rule sets with human decision prompts across an organization’s sourcing life cycle to make them autonomous and touchless.

The AIOPS.D™ advantage

With AIOPS.D™ handling procurement and invoicing processes, human interaction is minimized and required only for exception handling. AI-driven solutions select the proper vendor and create purchase orders based on historical data and autonomous rule validation with real-time decisions regarding item availability and pricing. S2P solutions can automatically identify billing errors, fill in missing data for swift approvals, ensure payment in the proper currency, and provide intelligent guidance for exception handling.

Why AIOPS.D™

AIOPS.D™ S2P eliminates manual data processes and corrects incomplete data matching and inconsistent handling rules to positively affect sourcing accuracy and timeliness across the procurement life cycle.

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Autonomous Quote to Cash
Billing operations process solutions for all enable end-to-end revenue management for scalable, flexible, and autonomous billing and invoicing with real-time customer insights.

What is autonomous quote to cash?

AIOPS.D™ autonomous quote to cash spans the entire quote-to-cash cycle process, using AI and ML to analyze historical pricing constructs to create accurate quotes for increased customer acceptance rates. It enables end-to-end revenue and subscription management with scalable, flexible, and autonomous billing and invoicing with real-time customer insights.

The AIOPS.D™ advantage

With AIOPS.D™ managing revenues and subscriptions in real time, enterprises will achieve greater billing accuracy, improved financial results, and higher customer satisfaction.

AI-fueled solutions perform autonomous pricing and quote generation as well as curating subscription activations, invoicing, and management. Drive renewals and increase customer retention and satisfaction with personalized, flexible subscription packages.

Why AIOPS.D™

AIOPS.D™ autonomous quote to cash helps the workforce generate insights for better decision-making, using ML to enhance the procure-to-pay life cycle from historical pricing analysis to root-cause assessments—all in real time.

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Autonomous Data Operations
Data management process assets allow operational data to become an immutable record, bringing intelligent, trusted, and validated data governance to the organization.

What is autonomous data operations?

AIOPS.D™ autonomous data manages master data with minimal user inputs through AI/ML-powered corrections and self-healing algorithms, autonomously filling gaps in the attributes of supplier and material profiles referencing a unified master dataset. With autonomous data operations, operational data becomes an immutable record, bringing intelligent, trusted, and validated data governance to an organization.

The AIOPS.D™ advantage

With AIOPS.D™ performing autonomous data operations, the burden of entering, validating, and correcting supplier and material data shifts to AI/ML-based self-healing algorithms, driving data quality and accuracy across the enterprise with minimal user input in real time.

Eliminate redundant data-entry tasks and leverage historical and third-party data sources to improve data consistency and align with governance models. Give end users a better experience through a centralized data management console, conversational AI, and mobile-device adaptive screens to enable corrective actions from anywhere while maintaining data synchronization across the enterprise.

Why AIOPS.D™

AIOPS.D™ autonomous data operations solves for multiple data entry and integration points that yield inconsistent data quality, dramatically raising confidence in the data required to support business processes and enable real-time decision-making.

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      Karthik Sukumar

      Karthik Sukumar

      Principal, Enterprise Performance

      Karthik is a principal at Deloitte Consulting LLP with 20 years of experience specializing in managing and executing SAP business transformation projects. His primary industry focus is hi-tech (TMT), ... More

      Abdi Goodarzi

      Abdi Goodarzi

      Generative AI Products, Innovations & New Businesses Leader, Deloitte US

      Abdi is leading our efforts across Deloitte US to accelerate business transformation for our clients, incubating and scaling net new businesses that focus on Gen AI market-facing products and innovati... More