Real estate in the post-development era丨Financial RPA application scenarios in the real estate industry

In recent years, the real estate industry has entered a period of slow development. Demand for new houses has fallen, capital costs have continued to rise, and profit margins have shrunk. Competition in the real estate industry has long since heated up.

The sudden arrival of the new crown pneumonia epidemic in the first half of the year brought the entire real estate industry into a severe winter, and the real estate industry suffered income pressure brought about by the delay in resuming work and the reduction in sales transactions. This is undoubtedly worse for the already competitive industry.

Large real estate companies can still afford to pay for land reserves and cash flow, but how should more SMEs go in the future?

Real estate in the post-development era丨Financial RPA application scenarios in the real estate industry

Challenges of the real estate industry in the post-development era

Since the real estate industry has entered the "post-development era", many real estate companies have faced challenges in improving efficiency, improving quality, and transforming.

In the face of increasingly fierce competition, how to use new digital technologies in the management process to improve management efficiency has become a problem that many real estate companies are thinking about.

In recent years, with the increase in policy control and the establishment of long-term mechanisms, the real estate industry has faced three major challenges.

The real estate industry has entered the era of stocks, and the industry concentration in the development link has rapidly increased, and the overall profit level has declined, which increasingly requires refined operations.

The demand side is constantly escalating, and real estate companies need to establish perfect user connections to improve their product and service capabilities.

With rising labor costs, companies urgently need to use informatization, online, and intelligent technology to reduce operating costs and increase efficiency and increase service value.

RPA boosts the digital transformation of the real estate industry

Currently, leading real estate companies are already actively exploring digital transformation, and the upgrading and iteration brought about by industrial interconnection and smart technology have also provided real estate companies with new development opportunities.

Right now, RPA (Robot Process Automation) has made significant progress in helping companies improve their work efficiency. RPA is a form of digital workforce that automates the work process through the participation of software robots to help companies complete a variety of high-volume repetitive tasks.

By using "virtual employees" to replace manual labor, employees can have more time to focus on higher-value work.

In the real estate industry, RPA has a broad application space. Especially in terms of financial processes and property management, it helps real estate companies to achieve automated upgrades.

Application scenarios of RPA in the real estate industry

The real estate industry has its own unique operating characteristics. In the process of daily financial accounting and tax management, it often encounters various difficulties. How to handle these specific businesses and actively and actively manage financial and tax risks is a major problem facing the real estate industry.

In the financial department, there are a lot of complicated and repetitive manual operations in scenarios such as invoice inspection, special ticket authentication, bank reconciliation, reimbursement management, and sub-account management. The application of RPA can help the accounting staff of real estate companies to quickly deal with these time-consuming and laborious tasks, reducing costs and increasing efficiency.

Scenario 1: Download the bank statement

The downloading of bank statements is a routine and highly repetitive work, which is often used as the basis for other financial links. Because companies generally have multiple bank accounts, financial personnel have to check and download thousands of bank receipts every day, which consumes a lot of time and is prone to repeated downloads or omissions.

The UB Store real estate merchant bank statement automatic downloading robot can automatically log in to the bank and download the daily bank statement. With the UiBot KeyBox, a smart external device that can encrypt and store multiple sets of passwords, it realizes the entire process of automated operation while ensuring account and information security, saving the company a lot of time and cost.

Real estate merchant bank statement automatic download robot

It supports mainstream domestic banks such as Ping An Bank, China Merchants Bank, Bank of China, Construction Bank, and Industrial and Commercial Bank. It is used with UiBot KeyBox, which is more secure and stable.

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Batch download robot for ICBC flow receipt

The robot automatically logs in to the bank backend and enters the print bill interface; at the same time, the receipt is saved as a PDF file, and it is automatically packaged into a zip and uploaded to the server.

Scenario 2: Invoice recognition and verification

Invoice identification, summary, authenticity verification and other operations often appear in the tax management of real estate companies. Financial personnel repeatedly enter the code, invoice number, amount, invoice date and other information in a large number of invoices into Excel tables and log in to value-added tax every day Invoice verification platform, enter invoice verification information one by one. Manual operation is time-consuming, laborious, and error-prone.

The UB Store VAT invoice recognition robot can automatically recognize VAT invoice information in various formats, summarize the invoices, and also have the ability to identify other types of tickets. The robot can avoid human input errors while improving the efficiency of invoicing, greatly shortening the monthly business operation time.

VAT invoice recognition robot

Automatically identify and summarize VAT invoices in various formats, and have the ability to identify other types of tickets.

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Invoice verification robot

Use OCR to automatically identify invoice information, and automatically visit the website of the State Administration of Taxation to verify the authenticity of the invoice, and finally enter the invoice information and verification results into Excel.

Scenario 3: Accounting document production

Accounting vouchers are an important part of the initial financial accounting. At the end of each month, the real estate finance staff sorts and sorts the accounting vouchers, and the preparation procedures are complicated and time-consuming.

UB Store automatically creates an accounting voucher robot, which can automatically read bank receipts, expense reimbursements, etc., and read accounting titles, establish accounting voucher workbooks, and realize one-click automatic production of accounting voucher. Simplify the process of preparing accounting documents and free up financial personnel.

Automatic production of accounting document robot

Read bank receipts, expense reimbursement forms and other documents, and automatically create accounting vouchers with one click.

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Automatic upload of Kingdee certificate attachment robot

Automatically upload accounting voucher attachments to solve the operational problems caused by various attachments and complex materials, and to ensure the smooth passage of tax inspections and audits.

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