Paper, PDF and Excel statements are reconciled automatically, so you only have to manage the exceptions.
Reconcile more statements in less time using an automated software solution, and focus on resolving invoice processing errors to maximise profits.
Put the onus on your vendors to upload their own statements, view invoice status reports and exchange messages via the portal.
We’ll send you the webex login details via email for a 30 minute live demo.
Automated vendor statement reconciliation ensures profits are maximised as it will identify missing credit notes, over-payments, miss-postings and potential duplicates. Being proactive will also speed up query resolution to increase early payment discount opportunities.
Or take it a step further by giving vendors access to reconcile their own statements, view the status of their invoices and exchange messages with Accounts Payable securely via the web. Start transforming the role of Accounts Payable now by booking a live demo to see it working and find out how to take advantage of our 4-week free trial.
We’ll set the system up and support you all the way to making the trial a success.
Increase your profits by doing more vendor reconciliation. Never miss a credit, spot potential duplicates, over-payments, miss-postings and debit/credit mismatches. Resolve errors quicker to increase early payment discounts & leave less money on the table for 3rd party audit.
Vendor reconciliation ensures vendor liabilities are accurate for financial reporting, delivers audit compliance and mitigates SOX controls. We can also use the vendor reconciliation to determine clearing items from the GR IR or GR NI accounts to improve reporting accuracy and profit statements.
We already know that automating vendor reconciliation is more efficient than a manual process and therefore, resource costs are lower. With more time to focus on the exceptions, Accounts Payable can do their own audit recovery instead of using 3rd party audit recovery providers.