Supplier Statement Reconciliation is a critical Accounts Payable process to ensure supplier balances are accurate for financial reporting. Supplier 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 suppliers 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 trial.
We’ll send you the webex login details via email for a 30 minute live demo.
Paper, PDF and Excel statements are reconciled automatically, so you only have to manage the exceptions.
Put the onus on your suppliers to upload their own statements, view invoice status reports and exchange messages via the portal.
Reconcile more statements in less time and focus on resolving invoice processing errors to maximise profits.
Increase your profits by doing more supplier reconciliation. Never miss a credit note, spot potential duplicates, over-payments, miss-postings and debit/credit mismatches. Focus on resolving errors quicker to increase early payment discounts and leave less money on the table for 3rd party audit recovery firms.
Supplier reconciliation ensures supplier liabilities are accurate for financial reporting, delivers audit compliance and mitigates SOX controls. We can also use the supplier 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 supplier 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.
We’ll set the system up and support you all the way to making the trial a success.