Project Background

Duxiaoman Financial interfaces with multiple entities and handles a massive volume of business, resulting in significant pressure on financial accounting. To address this challenge and leverage its leading-edge digital technologies, Duxiaoman Financial has actively explored the application of artificial intelligence in the financial sector. These factors, rooted in both nature and history, drive Duxiaoman Financial to rely on technology to provide financial services that customers can trust, making it an exemplary institution in financial technology innovation.iBot and AI Lab products have constructed a financial process automation platform based on artificial intelligence technology for Duxiaoman Financial. This platform operates within the existing business processes and system functionalities of Duxiaoman Financial's finance department, facilitating the gradual achievement of its long-term financial management goals and promoting integrated and coordinated management between business and finance.

Project Description

Establishing an Intelligent Financial System:

Based on multidimensional financial and business data, the construction of an intelligent financial system integrates business and finance, automating tasks such as data exporting, statistical reporting, and form filling and submission. This system communicates in financial language, reflecting the development ecology of the enterprise. It liberates finance from cumbersome repetitive tasks, enabling integrated management and collaborative optimization among business, finance, and technology.

Core Business Cost Reduction and Efficiency Improvement:

The financial process automation platform automatically gathers multiple reporting forms, fills them out, and uploads them to the relevant websites. It also downloads daily bank statements and adjusts them to a unified format, freeing finance personnel from manual tasks and allowing them to focus on strategic work, thus bringing greater value to the enterprise.

Leveraging the Value of Financial Assets:

Through advanced OCR, NLP, and other technologies, Infodator's platform achieves automatic accounting, reconciliation, and more. RPA automates bank account reconciliation with EBS, reducing reconciliation errors close to zero and effectively improving the quality of financial accounting and reconciliation, promoting the refinement and intelligence of financial audit processes.

Ensuring Tax Declaration Compliance:

The platform handles tax declarations for 24 subsidiaries across different regions, dealing with various tax policies and requirements while ensuring the accuracy and compliance of tax declarations. The intelligent platform's robust monitoring, logic, and computing capabilities ensure the smooth completion of this business process.

Project Results

This project actively explores effective pathways for financial digital transformation by leveraging financial sharing to its full potential. Through proactive use of new technologies such as RPA and AI, it maximizes the advantage of finance as a natural data center, driving the transformation of financial management from informatization to digitalization and intelligence. Manual processing time has been reduced from 16 hours per week to 2 hours, with data accuracy reaching 100%. It has achieved intelligent operation in all scenarios, including data collection, rule construction, automatic accounting, data analysis, and automatic reconciliation. This helps Duxiaoman carry the heavy responsibility of operating billion-dollar financial transactions under its global strategy with stronger financial management capabilities. Infodator, translated by Container Wisdom.