Automate and streamline vendor reconciliations for faster, error-free results
Automate and streamline vendor reconciliations to eliminate manual tasks, reduce costly errors, and ensure accurate, real-time data. Data from your SAP Public Cloud instance is imported via a flat file into your SAP Business Technology Platform (BTP) where BEST is installed. Improve compliance and gain visibility into vendor accounts with an integrated solution designed to enhance efficiency and control across your reconciliation process.
Overview
Increase efficiency by automating vendor statement reconciliation in SAP
Automate vendor statement reconciliation in SAP Business Technology Platform (SAP BTP), eliminating manual processes and errors, accelerating payment cycles, and improving cash flow visibility for smarter financial decisions.
Enhance compliance with automated vendor statement reconciliation
Automate vendor statement reconciliation within SAP BTP to ensure accurate financial records, reduce compliance risks, and maintain audit-ready documentation while freeing teams from manual checks and improving overall governance and efficiency.
Reduce operational costs through automated reconciliation
Businesses can eliminate manual statement matching, reduce labor costs, and minimize payment errors within SAP BTP. This streamlined process not only saves time but also prevents duplicate payments and late fees, resulting in significant cost savings and improved financial control.
Details
Solution type
Extensions and Add-ons
Industry
Cross-Industry, Retail, Industrial Manufacturing, Healthcare, Mining
Compatibility
Works with
SAP Business Technology Platform
Features
Automated vendor statement import and matching in SAP BTP
Automatically capture and import vendor statements in PDF, Excel, and scanned formats. Reconcile statements against invoices with high accuracy to eliminate manual entry, reduce errors, and accelerate reconciliations for greater efficiency and compliance.
Intelligent exception handling for unmatched transactions
Transform vendor reconciliation by proactively identifying discrepancies, like missing invoices or duplicates, within SAP records, reducing manual effort and improving governance.
Real-time dashboards for reconciliation status and insights
Interactive dashboards are provided within SAP BTP that display real-time reconciliation progress, unmatched items, and vendor statement statuses. Enabling finance teams to quickly identify bottlenecks and take corrective action.
Plans and pricing
Standard Edition
Initial implementation will include set up of BEST in your full landscape i.e. DEV, QA and PROD environments for 1 installation.
Initial implementation includes training for all respective users.
Initial implementation includes hyper care support for 1 month.
Licences will be limited to a defined amount of statement lines to be processed for a year.
Licences cover solution related issues at no costs and has a defined SLA.
- Minimum contract 3 years
Initial implementation will include set up of BEST in your full landscape i.e. DEV, QA and PROD environments for 1 installation.
Initial implementation includes training for all respective users.
Initial implementation includes hyper care support for 1 month.
Licences will be limited to a defined amount of statement lines to be processed for a year.
Licences cover solution related issues at no costs and has a defined SLA.
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Application Development and Automation |
| Industry | Cross-Industry, Retail, Industrial Manufacturing, Healthcare, Mining |
| Works with |
SAP Business Technology Platform |
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Deployment |
|
| Globalization |
|
| Operations |
|
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Security |
Follows the secure software development and operations lifecycle (SDLC) Secure practices include design, architecture, implementation, test, release preparation, shipment, operations, and support. Open-Source components run latest version. |
| Compliance |
|
| Privacy policy |
SAP's privacy policy is not applicable to the use of this app. Please refer to the privacy policy provided by this app's partner. |
Resources
Heineken Beverages Case Study
Foodstuffs South Island Case Study
Northam Case Study
Publisher
MINABIZ (Pty) Ltd
Our focus is developing, implementing & supporting SAP add-on products that provide cost-effective and realizable benefits to companies that run SAP. We are designers, developers, implementation & support specialists.
