Change the way you work by fully automating your supplier statement reconciliations. At 15 times faster than a manual reconciliation, it reduces the task from hours to minutes. You’ll find missed credits, resolve errors promptly and reduce supplier queries. This results in better relationships with your suppliers, improved cash flow and renewed confidence in the accuracy of your ledgers.
- An increase in the number of credits from suppliers being found and posted, improving income
- A reduction in aged creditors, improving the accuracy of the balance sheet, freeing up unproductive time from answering queries, and minimising on-stop accounts and debt recovery activity
- A reduction in duplicate invoices, improving cashflow and removing the risk of financial loss from unrecoverable duplicate payments
- A reduction in supplier queries by proactively identifying and resolving any discrepancies with supplier records, allowing staff to focus on more productive work
- Full confidence in the accuracy of the ledgers, providing a more complete picture
- Access to insightful reports to identify where systems, procedures and policies can be improved going forward
- Improved supplier relationships as a result of the enhanced, more proactive service
- Automates supplier statement reconciliations
- Continuously compares supplier records to your accounting records
- Web-accessible application built using our proprietary Finance Cloud software
- Highlights documents that are matched, missing, or matched with errors
- Data files received automatically from your ledgers
- Automatic re-matching of statements already in the system with new data
- Reports for suppliers or internal teams
- Full audit trail of activity
- Comprehensive reporting suite
Free Proof of Concept available now.
Evaluate the service for yourself free of charge and with no obligation. It’s really quick to set up and you can try it with data for up to five of your suppliers. Simply contact us by completing the form below.