Home » Supply Chain Disruption Monitoring and Alerting

Process Details

  • Inputs: Bank statements, General ledger transaction data
  • Outputs: Bank reconciliation report, List of outstanding items and discrepancies, Suggested journal entries for bank fees/interest
  • Systems: ERP Systems (SAP S/4HANA, Oracle Cloud ERP, Microsoft Dynamics 365),Various others

Supply Chain Disruption Monitoring and Alerting

Supply Chain

Use Case Overview

An AI agent that continuously monitors a wide range of external data sources to detect potential or actual disruptive events (e.g., natural disasters, geopolitical instability, supplier financial distress, port congestion, pandemics, labor strikes). It assesses the potential impact on the company’s specific supply chain network and provides early warnings and actionable alerts to relevant stakeholders.

Challenges

  • High potential for costly errors from manual data handling.
  • Significant time and resources are spent on repetitive, low-value work.
  • The manual process is difficult to scale without increasing headcount.
  • Process bottlenecks lead to delays and missed deadlines.

Solution

This use case solution follows these general steps at a high level:

  1. Data AcquisitionIt retrieves bank statements (Excel) and transaction data from the ERP System's General Ledger.
  2. Transaction MatchingApplies pre-defined rules to match bank transactions with GL entries based on amount, date, reference numbers, and descriptions.
  3. Exception Identification & CategorizationIdentifies and categorizes unmatched items, outstanding checks, deposits in transit, bank fees, and interest.
  4. Automated Journal Entry Suggestion For identified bank fees or interest, the AI agent can suggest journal entries to be posted in the ERP System.
  5. Reporting & ReviewGenerates a reconciliation report highlighting matched items, outstanding items, and exceptions, then routes it for review and approval.

Primary Benefits

  • Increase EfficiencyDramatically reduce the time and manual effort required to complete the process.
  • Enhance AccuracyEliminate human error to ensure data integrity and reduce financial risk.
  • Empower EmployeesFree your team from monotonous tasks, allowing them to focus on strategic work that requires their expertise.
  • Improve ScalabilityHandle growing volumes of work without a proportional increase in operational costs.
  • Ensure TransparencyMaintain a complete, auditable trail of every action the AI agent takes, described in plain English.

Related Use Cases

FAQ

What is Kognitos' artificial intelligence platform? +

Kognitos is a leading US-based artificial intelligence platform designed to transform how businesses operate by automating repetitive tasks and enhancing efficiency. Our AI automation platform allows users to automate complex business processes simply by communicating their goals in plain English. Leveraging advanced technologies like a proprietary LLM-based interpreter, Intelligent Document Processing (IDP), Optical Character Recognition (OCR), and Natural Language Processing (NLP), Kognitos enhances productivity, speed, and accuracy. Unlike traditional automation solutions that require complex coding, Kognitos offers unparalleled adaptability and scalability, empowering businesses to streamline workflows and eliminate manual tasks without extensive technical knowledge.

What is process automation? +

Process automation refers to the use of technology to automate repetitive, manual tasks within a business or organization. The goal is to streamline and optimize workflows, increase efficiency, reduce errors, and save time and resources. This can be achieved through the implementation of various technologies, such as RPA, Workflow Automation, Machine Learning and Artificial Intelligence.

What security measures does Kognitos have in place? +

Security is a core principle of Kognitos’ architecture, built on state-of-the-art cloud services with strong security foundations. Critical business processes run on the Kognitos platform, and we prioritize the security of both the processes and their data.
Kognitos employs serverless, cloud-based services with the principle of least privilege access. For example, a service without a need to access a database does not have access to it.

Kognitos has achieved the SOC 2 Type II certification for our best-in-class security controls and compliance with the AICPA’s Trust Services Criteria.

Can Kognitos integrate with my existing business systems? +

Kognitos functions as a comprehensive AI automated platform, delivering intelligent business automation solutions that optimize workflows and reduce manual effort. Kognitos integrates directly with all major ERP, CRM and productivity solutions for stable and durable automations.

How does Kognitos differ from traditional automation tools such as Robotic Process Automation (RPA)? +

Kognitos is not a Robotic Process Automation solution. Kognitos is the leader in the Generative AI Automation Space. RPA tools are static, and based primarily on if-then logic. Kognitos is an OS for rapid automation and innovation built on an interpreter framework, and incorporates Generative AI throughout the User Experience to allow users to
build automations and manage exceptions in English.

Business Impact in Production

With Kognitos, enterprise are revolutionizing operations and saving millions. Join them on this game-changing journey.

TTX on Kognitos

The company’s centralized approach to railcar management enables it to meet the dynamic needs of the rail industry, providing reliable and cost-effective solutions to its customers.

Dish Network and Boost Mobile on Kognitos

If you grew up watching satellite TV, chances are that Dish Network made it possible. Headquartered in Englewood, Colorado, Dish Network is known for its satellite television, pay-per-view services, and

Top consumer retailers like Amazon, Abecrombie and Fitch, and other major players rely on the work and technology of Century Supply Chain Solutions, a global logistics and supply chain service

Ready to Redefine Your Back Office?