Accounts Payable Optimisation

Automate or Outsource your Accounts Payable Processes

Supplier Statement Reconciliation Automation

Intellection has partnered with StatementMatching.com to automate supplier statement reconciliations.

Automating supplier statement reconciliations will improve your financial controls, ensure accurate supplier balances, and reduce queries into the Accounts Payable (AP) department. StatementMatching.com enables AP to focus on the exceptions, give suppliers the information they need, and even make the auditors happy.

We reconcile paper, PDF, and Excel statements against data from any ERP System, with matching capabilities across suppliers, companies, and systems (if required). No software or hardware installation is required – reconciliations are performed automatically via a web browser for easy review and exception processing.

 

Key benefits include:

  • Automatically reconciles supplier statements against the invoices, credits, and payments in your ledgers.
  • Spot missing credits and invoices immediately.
  • Save time by focusing on exceptions.
  • Summary of matched lines, documents on the statement with errors, documents on the statement but not on the ledger, documents on the ledger but not on the statement, unpaid/paid balances.
  • Includes a statement image.
  • Date and time-stamped with signature page.
  • Reconciliation reports branded as yours.
  • Clear requests for resending missing documents.
  • Vendors have full visibility into whether their documents are matched, missing, or paid.
  • No software or hardware installation or maintenance is required.
  • 99.9% uptime.
  • Every customer gets their own instance of the application and database, backed by the security features of Microsoft’s Azure Cloud Platform.

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