Automated Supplier Statement Reconciliation
We save customers time by automating the supplier statement reconciliation process, leaving only the exceptions to manage.
Supplier statement reconciliation is a critical control for Accounts Payable to check all invoices/credits have been received and all documents are posted correctly. Resolving missing invoices/credits, miss-postings, duplicates and data discrepancies all improve the bottom line. If Accounts Payable reconcile supplier statements proactively then all errors would be resolved on a timelier basis, which improves payment on time, reduces supplier queries and ensures ledgers are accurate for financial reporting.
Statement-Matching is a cloud-based solution that automates the reconciliation process for Excel, PDF and Paper statements, provides tools for Accounts Payable to manage the exceptions and reporting to drive continuous improvement. Take it a step further by giving suppliers access to reconcile their own statements, view the status of invoices and submit messages into your query process.
Join the world’s leading Shared Service Centre’s today and start using Statement-Matching.
ARE YOU READY TO SEE A LIVE DEMONSTRATION AT YOUR CONVENIENCE VIA WEBEX?
Allow 45 minutes for the live demo and we’ll also tell you about the free proof of concept and pricing.
Book Live Demo
Download Your Copy Of The Proactive Accounts Payable Guide
Manually reconciling supplier statements is a long process so it is often neglected and only performed when the supplier’s account is in trouble. Being proactive with statement reconciliation and automating the process can help combat potential issues. Our guide can help you achieve this.Download
How it Works
Automated daily upload of invoice data from your ledgers. Excel, PDF or Paper statements are automatically reconciled with an overall status allocated to each statement and statement line. Accounts Payable are left with only the exceptions to manage by following up with suppliers and fixing errors on the ledger.
Managing the Exceptions
Reconciliation reports identifying missing invoices/credits, miss-postings and data discrepancies. Resolve the errors on your ledger and share reports with suppliers to request missing invoices/credits and provide status for each document with due dates, paid dates and payment references.
Improve Controls & Profits
Reconcile higher volumes of statements and never again miss a credit, miss-posting or duplicate. Resolve errors on a timelier basis to pay more suppliers on time, reduce queries and maximise early payment discount opportunities. Leave less money on the table for 3rd party audit recovery and reduce aged GRNI balances.
Our platform will enable you to pay more suppliers on time, significantly reduce queries and ensure your AP ledgers are 100% accurate.
Hosted on Azure
Securely hosted on Microsoft Azure. Single tenant architecture in EU, North America or South East Asia data centre’s based on customer requirements.
Statement-Matching committed to maintaining compliance to regulatory & security standards provided by Azure CIS, PCI DSS 3.2, ISO 27001 & SOC TSP.
AES256 encryption & Web Server Azure Rest Encrypted. All comms is HTTPS (2048 key exchange), regularly changed API keys issued at a client level.
Best practice controls; username, complex passwords with validity periods, 2FA, inactivity timeouts, account locking and auto-delete inactive accounts.
Download Our Survey Guide: Look At Survey Answers From Our Customers
We’ve put together feedback from our latest Customer Survey to summarise the outcome. This could also provide useful insights for anyone considering joining the platform.Download
Latest From Our Blog
How Statement-Matching.com Allows You to Email Reconciliation Reports To Vendors
Accounts Payable (AP) teams face many challenges if they don’t adopt automatic statement reconciliation software such as Statement-Matching.com - one of which is managing the constant stream of phone and...Read More
What Are the Benefits Of Using Statement-Matching.com For Your Accounts Payable Team?
Statement-Matching.com is a browser-based vendor statement reconciliation tool designed to alleviate AP teams of the burdens of manual statement processing and reconciliation. Many Accounts Payable (AP) issues occur because of...Read More
How The Statement-Matching.com Search Screen Tool Helps You to Manage Exceptions
Exceptions are a frustratingly common problem in Accounts Payable (AP) teams. While they aren’t insurmountable, resolving exceptions consumes time and money, particularly if there isn’t a systematic approach within the...Read More