Censof Holdings Berhad launched its software robot, also known as Recon as a Service to automate bank reconciliation process for government agencies.
According to Censof, RAAS will ease, simplify and enhance the bank reconciliation process by utilising innovative technology of robotic process automation or RPA to automate the front and back-end reconciliation processes in a more efficient manner across the government agencies. By capitalising on the RPA technology, RAAS will emulate human behaviour to act as a digital workforce that operates in a faster and more accurate manner.
The aim is to simplify the tedious bank reconciliation process and reduce the burden of government employees to perform repetitive tasks while enhancing the efficiency and accuracy of operational work. In addition, through RAAS, the automated bank reconciliation process minimises the need for human intervention, hence, reducing the risk of human errors. Generally, although RPA replaces the human workforce, it now allows the same workforce to focus on strategic and analytical-related tasks.
“We have worked with more than 90 government agencies, supplying our SAGA compliant financial management and other business solutions. As we continue to innovate our products and solutions, we are extremely pleased to concurrently launch this innovative software robot, that capitalises on RPA technology” said Ameer Shaik Mydin, group managing director of Censof.
