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.
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- AP Statement Reconciliation
- Uploading Supplier Statements
- Reconciliation Process
- Supplier Self Service
- Accounts Receivable