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ACCOUNTS PAYABLE RECONCILIATION ADD-ON

Reconcile to keep track of your accounts payable

Automated data capture, statement reconciliation and matching, so you can focus on managing exceptions rather than searching for them.

Your statement reconciliation in a simple workflow

Streamline accounts payable statement reconciliation with our intelligent and flexible solution.

Our process

Artificial Intelligence Data Capture

With each extraction, our Optical Character Recognition (OCR) technology analyses and creates patterns to ensure future forms and data are correctly extracted.

If suppliers send their statements in a XLS or CSV format, you can upload this file directly to the solution, bypassing OCR altogether and fast-tracking the reconciliation.

Document Library

This in-built library provides you with visibility of all the supplier statements in the system and records a complete audit history of every interaction with each document.

You can search the library by specific fields, such as vendor, company code or statement date, and track the status of statements as they move through the workflow.

Reconciliation Workflow

The solution will identify and classify statement line items (invoice, credit note, claim, claim reversal) according to your business rules, and match them to open items for that supplier in your Enterprise Resource Planning (ERP) system.

It then generates tasks for individuals to review the results of the matching process and action exceptions.

The workflow ends when the statement is either fully reconciled or rejected by the operator.

ERP Integration

Automation makes the statement reconciliation process faster and more accurate.

This benefits your finance team as well as your suppliers. Leveraging existing systems drives efficiency, maximises cost effectiveness, and provides a platform for future process optimisation initiatives.

Let’s Grow
Your Business

Let’s get down to it with a free, no-obligation health check review from one of our experts.

Schedule a time that suits to speak with a member of our team, complete the form to choose a date and time that works for you.

What will you get?

  • An informal chat about your business
  • Helpful advice and guidance
  • No sales pitches or nonsense
  • No-obligations or commitments

 

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