Automating the supplier statement reconciliation process.
autorecs. has been created by industry leaders in accounts payable solutions, offering a supplier statement reconciliation service that really works for your business.
Reconciliation of supplier statements. A phrase that strikes fear into accounts payable teams.
A time-consuming, confusing and lengthy process, reconciliation of supplier statements is an ongoing issue for AP’s, who have to deal with potentially hundreds of invoices building up each month.
With ‘out of date’ statements and supplier enquiries surrounding invoice payments being a regular occurrence, accounts payable teams typically struggle to keep on top of the reconciliation process with the traditional software in place.
Traditional systems still require the manual process of reconciling supplier statements, which continues to stretch AP’s time, particularly when errors and missing items create lengthy reconciliation processes amongst suppliers.
Understanding the struggles for AP teams, after years of experience within the Westgate Moore Group, autorecs. provides a fully automated supplier statement reconciliation process.
All located within an easy to use web-based portal, AP teams can highlight any discrepancies within the reconciliation process via the autorecs. platform. This ensures that overpayments, incorrect payments or missing items are quickly highlighted and resolved, creating an efficient process from start to finish.
For a small, all-inclusive monthly subscription fee, you will have access to our full reconciliation software solution.
As part of the full package you will be able to:
The system is able to:
With a clear user dashboard and an array of effective features designed to enhance the role of the AP team, the autorecs. platform provides speed and accuracy throughout the supplier statement reconciliation process, from start to finish.
Prevention is better than cure. Which is why our automated reconciliation process provides detailed reporting to highlight overpayments, incorrect payments made to your suppliers as well as those missing invoices.
Staying up to date in the accounts payable arena means prioritising communication. Whether it’s your internal team or external suppliers, we focus on communication to ensure the AP process runs smoothly.
Our reconciliation software allows you to fully automate your supplier statement process, generously reducing the workload for your AP functions.
We offer a world-class accounts payable process designed to improve efficiency and minimise errors, freeing up time, without compromising on accuracy, for busy AP teams.