Supplier Statement Reconciliation is a critical Accounts Payable process to ensure supplier balances are accurate for financial reporting. Automated supplier statement reconciliation ensures profits are maximised as it will identify all 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 automated supplier statement reconciliation working in a live system and find out how to take advantage of our 4-week trial.
It will take 45 minutes to show you how it works on a live system, go through setup for the trial and pricing.
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.