Contract Close Out Automation
Challenge
Solution
OmniSolve worked with the client and key stakeholders to discuss possible solutions. It was noted that in addition to the repetitive nature of the work, there were nearly a dozen points in the process that required human decision making. The following areas of opportunity were identified:
- Determining which contracts were ready for close out
- Creating deobligation PRs and contract modifications to facilitate the contract closeout process
- Performing receivables and invoice reconciliation
- Determining which reconciliation variances required human intervention
Based upon these discussions, it was determined that the advantages of implementing robotic process automation (BOT) could be leveraged to help alleviate this challenge. Specifically, a BOT solution was expected to help improve inaccuracies due to the manual processing and compliance with mandates as well as increase productivity of the contracting teams.
Featured Experts
Key Performance Metrics
Automates the process in which 8,000 Projects are updated at multiple points throughout the life of the project
Labor hour savings estimated at 8,232 (8,232 projects x 1 hour per project for multiple updates and follow ups)
Outcome
- Automates the process in which 8,000 Projects are updated at multiple points throughout the life of the project
- Labor hour savings estimated at 8,232 (8,232 projects x 1 hour per project for multiple updates and follow ups)
- Moved away from manual, repetitive process that was open to user error
- Removed input and follow up workload from Regional users allowing them to focus on more challenging activities
- Accomplished by in house OCFO resources in close coordination with application PM and Business Line
The BOT automated the entry of actual design and construction dates for the repair and alterations program and provided updates to current year project estimates.
- Since going live, the automation has successfully updated 31 projects' actual award dates
Technologies & Methodologies
UiPath |