From Invoices to Payments: The Complete Accounts Payable Matching Process
Accounts Payable (AP) isn’t just about paying bills — it’s about paying the right bills, for the right amounts, at the right time. Without a robust accounts payable matching process, you risk duplicate payments, missed credits, overpayments due to pricing errors, and supplier disputes that could have been avoided entirely. In this guide, we’ll break […]
Statement Matching Software: How It Works and Why Your AP Team Needs It
In accounts payable, accuracy isn’t just nice to have — it’s survival. Every missed invoice, duplicate payment, or unapplied credit is cash leaking out of your business. And while many AP teams think their existing processes are fine, the truth is most are still playing financial whack-a-mole: reacting to issues after the damage is done. […]
From Manual to Automated: How AI Is Changing Statement Matching and Reconciliation
In accounts payable, speed and accuracy aren’t just “nice to have” — they’re competitive advantages. When your AP team spends days or even weeks chasing discrepancies, matching invoices to statements, and reconciling balances, the costs are bigger than you think. Missed supplier credits. Duplicate payments. Slower month-end close. And perhaps most damaging of all: eroded […]
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 […]
Statement Reconciliation vs. Statement Audit: What’s the Difference?
Confused about statement reconciliation vs statement audit? Learn the key differences, when to use each, and how they work together to ensure accurate AP records. In accounts payable, few terms cause as much confusion as statement reconciliation and statement audit. They sound similar, they’re often discussed in the same breath, and both involve comparing supplier records […]
Automated Accounts Payable Matching: Benefits, Tools, and ROI
Discover how automated accounts payable (AP) matching works, the benefits it brings, the tools that power it, and how to measure your return on investment (ROI). Manual accounts payable matching is like trying to find mismatches in a 200-page ledger with nothing but a highlighter and coffee — slow, error-prone, and exhausting. With automated accounts payable […]
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? […]