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Automated Supplier Statement Reconciliation Software

Increase supplier statement reconciliation coverage and efficiency, and recover value

More statement reconciliations, more supplier
coverage - more value recovered.

1 in 3 supplier statements contain errors and missed credits, and the average credit is worth around £16,000*. Yet finance teams rarely have time or resource to complete manual statement reconciliations with the supplier base coverage they need to recover overspend and claim untaken credits.

How it works

Our software uses AI to automate supplier statement reconciliation while giving oversight for key decisions. It’s easy:

You provide the data:
We integrate to your ERP or invoice management system data. You automate statement collection via email, forwarding, or manual drag and drop.

We make matching faster and simpler:
Our AI software delivers statement requests and tracks collection, identifies and links suppliers, processes and matches statements against AP records to identify discrepancies, missing invoices and missing credits and, via the AP communications hub, handles exceptions with pre-approved email templates, automatically linking the correct information.

You act:
We share risks in real time so your team can act quickly. Shift team focus to valuable tasks like investigation and overpayment recovery. Track your statement reconciliation metrics and view reports.

Each year, FISCAL customers recover an average of £215k** with us. What could you find?

*FISCAL benchmarking data, 2025
**FISCAL data from July 2025 to July 2026

Recover credits owed, rebates and overpayments.

Automatically identify issues to reduce risk and liabilities

Scale up statement reconciliation over 80%.

Increase ledger accuracy, for precise reports and forecasts.

We protect your spend. Every invoice. supplier. day.

Speak to our team about what Transaction Risk Intelligence can do for you

Invoice management system connector

The software can capture statements through multiple channels if necessary, including both your ERP and a different invoice management system. This is possible through our IMS connector functionality. If, for example, you have a separate system for approvals and there is a lag between that and the ERP, they can still go to the FISCAL software for review.

AI connectivity

Our connector enables your team to query FISCALs data inside your existing AI (the one you’ve already had approved). Any AI can be connected, be it Claude, Copilot, Gemini, or ChatGPT. It’s ideal for finding reports or specific information quickly and easily. It’s AI, your way: Your team have flexibility to work either within their own AI processes or the FISCAL software.

Automated Supplier Statement Reconciliation helps with:

Fraud Protection
Duplicate Invoice Detection
Cost Efficiencies
Working Capital Optimisation
Custom Reporting

Testimonials and case studies

McCarthy Stone – Retirement living developer, multi-ERP environment

£640k in missing credits recovered. £480k monthly cash flow protected. Manual statement reconciliation processes eliminated.

Read their full story
"Across the areas of duplicate payment prevention, time savings and process improvements we have seen an excellent return on investment and are confident that FISCAL will continue protecting Allscripts’ working capital into the future."
Director of FinanceAllscripts Healthcare Solutions Inc
"At first I was a little unsure about FISCAL’s claim that we would discover duplicates in a very short space of time. But I have to say, on the very first run we found duplicates and errors that would never have been highlighted by our current system of checks."
Payments ManagerBrighton and Sussex University Hospitals NHS Trust
"We are extremely pleased with the value we get from the software. And there is no way I would take the risk of making duplicate payments now that we have FISCAL’s software in place. Why should I?"
Head of Financial OperationsLondon and Quadrant
“We have a highly efficient and collaborative AP team and believe in constantly seeking improvements to our processes. We rely on FISCAL to identify any potential payment errors in advance. We run the programme daily and then check reports prior to our payment runs. It is one of our most valuable tools in delivering a best-in-class service for our suppliers.”
Garry Stevens, Financial Services ManagerAberdeen City Council
“This system enables us to catch any errors, overpayments or attempts at fraud before each payment run. This ensures that we are able to process all our payments correctly and on a timely basis. In addition, our auditors reported to our senior management team that our finance department’s processes and methods have significantly improved.”
Joanne Hall, Finance ManagerTrafford Housing Trust
“FISCAL has helped identify areas in our process that are working well and areas that can be improved. It pinpoints certain suppliers that need to be reviewed and most importantly, in a short space of time, generated savings to cover the cost of the software several times over.”
Rezan Watts, Payment Services ManagerIslington Council
“We're delighted with the results we're seeing from the implementation of FISCAL’s solution. Fifteen minutes or less a day is all it takes to protect our organisational spend, giving the business assurance that its working capital is safe and invoice processing costs are low.”
AP ManagerNewham & Havering
“The results were amazing. After just four weeks we had discovered duplicate payments which more than paid for the solution itself. It is so quick and easy to use and we are now able to catch any errors, overpayments or attempts at fraud before each payment run. Additionally we are able to process payments correctly and on a timely basis ensuring we bring best-in-class practice to our AP team. We are more than happy with our choice of solution.”
Richard Bridge, Principal Payments OfficerBlaenau Gwent County Borough Council

Frequently Asked Questions

Which statement formats can it handle?

Our software can handle multiple formats, including PDF, Excel, scanned documents, or via email. Our software features smart data extraction with customisable settings.

Our software is ERP agnostic, so it can integrate with any ERP, transaction data and pre-payment invoice management systems.

Yes, our software can retrieve statements from emails. It also communicates with suppliers via the AP communications hub, which automatically creates emails to the customers for your team to approve.

The software can retrieve statements, find the correct supplier, compare with your ERP data, find discrepancies and surface them to you, and follow up with suppliers on your behalf.

All email templates in the communications hub are editable, supplier links can be edited, new fields can be added to read the statements, the dashboard can be edited, and reporting also is editable, and customisable with the custom reports module, special characters can be turned on or off. Supplier emails can be approved or automated as per your preference.

Pricing is tailored to your organisation – it depends on factors such as transaction volumes, supplier file size, and which modules you need. What we can say is that FISCAL is consistently self-funding: the payment leakage, recovered credits and operational efficiencies identified typically outweigh the investment within the first year. 

We are compliant with ISO27001:2022, Cyber Essentials, GDPR and other global standards.

We work with organisations around the world, from government and healthcare to construction, retail and more. Any organisation with large spend and/or high invoice volumes can benefit from our solution. Our algorithms are trained on your specific AP data, which means the risk intelligence your team receives is relevant and reliable – not generic.

None. FISCAL is configured and deployed by our implementation team – your IT department doesn’t need to build or maintain anything, aside from setting up a data feed. We handle the setup, system connections and ongoing platform management. Your finance team can be up and running without writing a single line of code.

Graphic featuring an upward trending graph. Text reads: On-demand webinar. Statement reconciliation and its strategic significance for your bottom line - CPD Accredited. Presented by: Alex Tabb - FISCAL Technologies

Statement Reconciliation and its strategic significance for your bottom line - CPD Accredited

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Want to know more about FISCAL Technologies?

We’d love to show you our solutions in action!

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