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
This product is compatible with or enhances the functionality of these SAP solutions but doesn't require them.
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.
