The Secret of Statement Reconciliation for Finance Teams
Finance leaders are no strangers to pressure. Every quarter, the mandate is the same: do more with less, close the books faster, reduce leakage, and keep suppliers happy. Yet, beneath all the dashboards, ERP upgrades, and workflow tools, there’s one deceptively simple process that often decides whether Accounts Payable (AP) runs smoothly or bleeds value: […]
The Hidden Risks of Reconciling Only Some Supplier Statements
In Accounts Payable (AP), time always feels like it’s in short supply. That’s why many AP teams reconcile only a fraction of supplier statements—usually the biggest vendors, or a random sample of accounts each month. On paper, it seems efficient. In reality, it’s a high-risk strategy that leaks money, damages supplier relationships, and leaves your […]
Reconcile 100% of Supplier Statements: How to Eliminate Risk and Strengthen AP
Introduction: Why 100% Reconciliation Matters Most finance teams think they’re doing supplier statement reconciliation well—until a supplier dispute, missed credit, or duplicate payment exposes the cracks. Here’s the truth: reconciling only a fraction of supplier statements leaves your business vulnerable. Every unreconciled statement is a blind spot in cash flow visibility, an open door for […]
Vendor Reconciliation: Step-by-Step Process, Best Practices & Automation Tips
Vendor reconciliation is one of those financial processes that everyone knows is critical—but no one looks forward to doing manually. For accounts payable (AP) teams, the process of comparing vendor statements against internal records can feel like a never-ending audit. Every missing invoice, every duplicate charge, every credit note left unapplied has a direct impact […]
Beyond the Numbers: Why Vendor Statement Reconciliation Needs a Tech Upgrade
Every Accounts Payable (AP) leader knows the drill: vendors send in statements, finance teams compare them against invoices and payments, and reconciliation becomes a painstaking routine. On paper, it sounds simple. In reality, it’s a time sink filled with missing invoices, unapplied credits, and spreadsheets that stretch for miles. The truth is, vendor statement reconciliation […]
Statement Reconciliation Software Using AI for AP Teams
Accounts Payable (AP) teams today face one of the most repetitive yet business-critical challenges: reconciling vendor statements. Every month, hundreds or even thousands of supplier statements need to be checked against invoices and payments. The manual approach? Time-consuming, error-prone, and draining on finance teams. But here’s the good news: AI-powered statement reconciliation software is transforming […]
Can AP Automation Software Integrate with Existing ERP Systems? Yes — Here’s How Statement Zen Makes It Seamless
The Big Question for Finance Teams: Will It Work With Our ERP? When CFOs, AP managers, or finance directors explore automating accounts payable (AP), there’s one question that always comes up first: “Can this automation software integrate with our ERP system?” It’s a fair question — after all, your ERP is the beating heart of […]
How to Automate Accounts Payable with Vista by Viewpoint Using Statement Zen
If you’re managing Accounts Payable (AP) in a construction or contracting business using Vista by Viewpoint, you already know how complex the process can be. High invoice volumes, supplier disputes, late payments, and manual reconciliations all eat away at your team’s time and accuracy. That’s where Statement Zen steps in — designed to integrate seamlessly […]
How to Automate Accounts Payable with Xero Using Statement Zen
Opening The AP Bottleneck in Xero If you’re still manually entering supplier invoices, chasing down credits, or sorting approval chains in Xero, you’re wasting time, money, and exposing your AP team to unnecessary risk. Manual AP sucks. It’s slow. It invites errors. It costs your department hours—and your company real cash. Here’s what the stats […]
How Does Accounts Payable Automation Work?
The Accounts Payable Bottleneck Nobody Talks About If your finance team is still managing accounts payable (AP) manually, you’re carrying hidden costs that quietly drain profitability. Think about it: every manual touch — typing invoice data, printing approvals, emailing suppliers for missing invoices — is an expense. It’s also a liability. Human error can lead […]