No touch process to automate supplier statement reconciliation
No touch process to automate the reconciliation of supplier statements against your SAP Accounts Payable ledger(s) plus any add-on's eg. VIM and Process Director. Proactively reconciling supplier statements will improve accuracy of your ledgers, payment on time and result in fewer supplier queries.
Overview
Improve payment on time
Proactively reconciling high volumes of statements enables Accounts Payable to identify and resolve errors on a timely basis before they become more costly and time consuming issues.
Reduce supplier queries
Paying more suppliers on time and sharing invoice status reports significantly reduces supplier queries. Giving suppliers self-service access to the portal to see the status of invoices and payments further reduces supplier queries.
Reduce aged GRNI balances
'Fully Matched' statements means all invoices have been received and there are no open invoices dated prior to the statement therefore any Goods Receipts Not Invoiced, with a posting date prior to the statement date, can be cleared down to improve P&L.
Details
Solution type
Extensions and Add-ons
Industry
Cross-Industry, Life Sciences
Compatibility
Works with
SAP S/4HANA Enterprise Management
Features
Auto-upload Excel, PDF & Paper Statements
Simply forward your supplier statements (any format) to our mailbox and we take care of the data extraction and upload to Statement-Matching. Statements can contain invoices for multiple company codes and systems.
Automated Reconciliations
Statements are reconciled automatically on initial upload and re-reconciled on a daily basis when we receive update files from SAP. The statement statuses and reports are updated automatically, so users are always looking at the most up to date results.
Cross Company Code and Cross System Matching
Statements containing invoices for multiple company codes are common for all SAP customers, so reconciliations are performed cross-company without having to split the statement. Vendors can also have accounts on multiple SAP instances, so reconciliations can be performed cross-system.
Plans and pricing
All plans include:
Statement-Matching - Proof of Concept
We provide initial training and follow up calls to support AP users through the evaluation process
No commitment to Go Live
Proof of Concept System is a fully functional production system with all features available
Includes 5 User For 1 MonthsFree- Maximum contract 1 month
We provide initial training and follow up calls to support AP users through the evaluation process
No commitment to Go Live
Proof of Concept System is a fully functional production system with all features available
Includes 5 User Statement-Matching - Production System
No implementation cost - We provide all the training and support to get customers through to go live at no cost.
Fixed Monthly Subscription based on annual invoice volumes - Volume bands from 50,000 invoices per year to 12M invoices per year
Variable Monthly Statement Charges based on usage
No touch process to get Excel and PDF statements into the system - Just forward them in the suppliers format and we take care of the rest
All you have to do is login to manage the exceptions
Options to automate the follow up process eg. Automatically request missing invoices from suppliers
Supplier Portal Extension (additional cost) to give suppliers self-service access to view invoice and payment status.
Price unavailable in this region- Minimum contract 1 month
No implementation cost - We provide all the training and support to get customers through to go live at no cost.
Fixed Monthly Subscription based on annual invoice volumes - Volume bands from 50,000 invoices per year to 12M invoices per year
Variable Monthly Statement Charges based on usage
No touch process to get Excel and PDF statements into the system - Just forward them in the suppliers format and we take care of the rest
All you have to do is login to manage the exceptions
Options to automate the follow up process eg. Automatically request missing invoices from suppliers
Supplier Portal Extension (additional cost) to give suppliers self-service access to view invoice and payment status.
Customer reviews
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Invoices and Payments |
| Industry | Cross-Industry, Life Sciences |
| Works with |
SAP S/4HANA Enterprise Management |
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 |
Software-as-a-Service solution This product is delivered online as a subscription service. |
| Globalization |
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| Operations |
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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 |
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| Compliance |
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Resources
Solution Overview Presentation
Business case for Proactive Statement Reconciliation
The M&S Story - Automating Supplier Statement Reconciliation
RS Components - How to acheived world-class in AP
5 AP Benefits Specsavers Acheived
Unipart Story - How to Improve Prompt Payment & Ledger Accuracy
TalkTalk Increases Supplier Statement Reconciliation by 3%
How to Start Proof of Concept - FBL1N Instructions
Publisher
Statement-Matching.com Limited
APMatching is a Cloud Based platform that automates Invoice Processing, Statement Reconciliation and Duplicate Prevention. Statement-Matching is a SAP Certified add-on component with 100+ live customers globally across all sectors.
