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.
