Spend time solving, not matching with our automated Supplier Reconciliation
Reducing the time taken to reconcile statements with suppliers allows more suppliers to be included, more frequently. Not only does this uncover credit notes, rebates, and any overpayments previously made, but it unlocks a significant amount of time for your AP to use elsewhere.
Manual comparison of open items on your purchase ledger with open items from your suppliers takes a lot of time. It’s not normally a popular task, and often, (perhaps this is a relief to some) it doesn’t get done. Or at least, not very frequently.
FISCAL’s solution automates the comparison of open items and raises an alert only when unmatched items are found – on either side, your ledger or your supplier’s. This takes out the repetitive, time-consuming work, which allows supplier statement reconciliations to take place, or take place more frequently. Our experience shows this is highly beneficial, with high values of unused credit notes, rebates, and discounts found, with under- or over-payments uncovered.
Automatically reconcile to find unmatched items
Save time
Reconcile with suppliers more frequently
Receive the intended benefit of credit notes and rebates
Customer Success Stories & Testimonials
Continuous Sanction Monitoring
Sanction lists are updated every day, but only 9% of organisations* cleanse their Master Supplier File monthly or more frequently.
Take the Statement Reconciliation Litmus Test
Our presenter, Alex Tabb, Services Consultant, shares her wealth of knowledge and insights into why this painstaking task is so important and how FISCAL can alleviate that pain to release locked-up cash and recover previous overpayments and credits on the account.
Contact us - Speak to an expert
With a combined experience of well over 250 years within the Financial Management eco-system we are happy to help answer your questions.
Request a Demo
Contact FISCAL to ask about our no-obligation demo, where we use our solution on a sample of your data to show what’s possible.
Book your demo with our of our experts today.
