Cygnet Digital
Automation of 15CA/CB Filings for FMCG Company
Pages
5
Time to read
3 mins
Publication
Language
English
Pages
5
Time to read
3 mins
Publication
Language
English
This case study details the implementation of Robotic Process Automation (RPA) to streamline the Form 15CA/CB filing process for a leading Indian FMCG and luxury products company. The client faced significant challenges, including a cumbersome manual process that required entering over 50 fields per transaction on a government portal, generating XML files individually, and adhering to strict compliance timelines. These inefficiencies resulted in delays, increased costs, and heightened compliance risks. The solution involved developing an AI/ML-based RPA-enabled bot that automates the creation of XML files from user-provided data in Excel sheets. The automation allows for processing between 1,000 and 100,000 transactions in under 10 minutes, significantly reducing operating costs and ensuring compliance with government timelines. The implementation achieved a 99% accuracy rate and digitized processes, leading to an estimated 80% cost savings and improved operational efficiency.