RPA-Driven Automated Banking Transaction Reconciliation System

The objective of this project is to build an RPA-based banking reconciliation system that automatically compares bank statements with internal accounting records, identifies mismatches, and generates reconciliation reports. The system reduces manual reconciliation errors and enhances financial transparency and reporting efficiency.

Study banking reconciliation processes and common reconciliation challenges.

Analyze transaction datasets from bank statements and accounting records.

Identify repetitive reconciliation steps suitable for automation.

Design a reconciliation workflow diagram.

Develop an RPA bot to extract transaction data from bank statement PDFs or Excel sheets.

Compare transactions with internal accounting records.

Highlight mismatches and generate discrepancy reports.

Automate notification to finance teams regarding mismatches.

Implement logging and audit tracking.

Test the system with large transaction datasets.

Measure accuracy improvement and time reduction.

Prepare technical documentation and user manuals.