StatementSYNCSM Reconciles Supplier Statements and Identifies Open Credits in a Fraction of the Time
Accounts Payable environments face many challenges, one of which is time. Supplier Statement Reconciliation has traditionally been a time consuming but necessary task. Many times, statement reconciliation is not practical when considering all the competing priorities in Accounts Payable.
As technology and automation have evolved over the years, full supplier statement reconciliation has remained a manual process for most organizations. StatementSYNCSM was created by and is used by our Recovery Auditors to reconcile Supplier Statements efficiently and thoroughly.
Reconcile Supplier Statements Like
an AP Recovery Auditor
Features
Quick & Easy Full Statement Reconciliation
Integrated Supplier Communication
Streamlines & standardizes communications
Web-based SaaS Application
No IT support required, continuous enhancements and maintenance handled by SAS!
Customizable Supplier Categorization
Enables teams to focus on high-priority suppliers
Automated Matching of Paid History to Statement Line Item
Quickly eliminates the “noise” to focus on items for resolution
Easily Process Any Type of Supplier Statements
– Email, Excel, PDF, Etc.
Eliminates manual “work-arounds” to format statements into usable format
Get Results
Significantly Reduce Costs related to Recovery Auditors + Realize Statement Credits in minutes or days – not months or years
| Traditional Statement Reconciliation | StatementSYNCTM |
|---|---|
| Time Consuming/Inefficient | Reconcile statements in minutes |
| Misapplied payments | Visibility to open & misapplied credits |
| Erroneous charges | Real time comparison to consolidated enterprise-wide AP data |
| Open invoices | Reconcile open supplier invoices & RNI transactions |
| Unmatched receipts | Automatic statement matching to paid history |
| Negative impact on supplier relations | Improve vendor relations with transparency and collaboration |
| Flexible. Customizable. Scalable. |
| Traditional Statement Reconciliation vs StatementSYNCSM |
|
|
|---|---|---|
| Reconcile statements in minutes | ||
| Visibility to open & misapplied credits | ||
| Real time comparison to consolidated enterprise-wide AP data | ||
| Reconcile open supplier invoices & RNI transactions | ||
| Automatic statement matching to paid history | ||
| Improve vendor relations with transparency and collaboration | ||
| Flexible. Customizable. Scalable. | ||
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