From Manual to Automated: Statement Reconciliation Best Practices for Large AP Teams
If you’re running a large Accounts Payable (AP) operation, statement reconciliation isn’t just a box to tick at month-end — it’s a strategic safeguard for your organization’s cash flow, compliance, and supplier relationships. Done well, it can prevent costly errors, speed up your month-end close, and free your team from tedious manual checks. Done poorly, […]
From Manual to Automated: Modernizing Your Statement Matching Process
If your accounts payable team is still doing statement matching with spreadsheets, you’re leaving money on the table. Every duplicate payment, unapplied credit, or month-end reconciliation delay eats away at cash flow and trust with suppliers. And the truth is, manual processes are not just slow—they’re inherently prone to error. That’s why forward-thinking finance leaders […]
How to Speed Up Month-End Close with Automated Statement Reconciliation
Month-end close is the financial equivalent of running a marathon every 30 days. For AP teams, it’s a race against deadlines, balancing the pressure of delivering accurate numbers with the reality of limited time and too many moving parts. If you’ve ever stayed late triple-checking supplier balances, chasing missing invoices, or explaining timing differences to […]
Supplier Statement Matching Comparison: Finding the Right Solution for Your AP Team
The Problem With Choosing the Wrong Supplier Statement Matching Solution Your AP team already knows the value of supplier statement matching — it’s the safety net that catches missing invoices, unclaimed credits, and duplicate payments before they impact cash flow. But here’s the trap: Not all supplier statement matching solutions are created equal. Choose the […]
Why Missing Invoices Are Costing You and How Statement Audits Can Help
If you’re running an accounts payable (AP) department, missing invoices are more than just an annoyance — they’re a silent, consistent drain on your time, cash flow, and supplier relationships. It’s not the kind of problem that shows up in one dramatic moment; it’s the small, repeated leaks that slowly sink the ship. The truth? […]