Email:
info@telic.digital
Phone:
0303 666 5438
Email:
info@telic.digital
Phone:
0303 666 5438
We save customers time by automating supplier statement reconciliation, leaving only exceptions to manage.
Supplier statement reconciliation is a critical control for Accounts Payable to ensure that all invoices/credits have been received and that all documents are posted correctly. Resolving missing invoices/credits, miss-postings, duplicates and data discrepancies all improve the bottom line. If Accounts Payable reconciles supplier statements proactively, all errors would be resolved more promptly, improving on-time payments, reducing supplier queries, and ensuring ledgers are accurate for financial reporting.
Manual supplier statement reconciliation drains an AP team’s resources and is a major culprit for costly mistakes. It’s time-consuming, error-prone, and lacks scalability.
Missed Credits & Duplicate Payments: Errors that can heavily impact your cash flow and profitability.
Slow, Inefficient Processes: Manual matching takes days or weeks, wasting valuable AP team capacity.
Supplier Disputes: Slow, inaccurate reconciliations frustrate suppliers and damage relationships.
Limited Visibility: Without real-time reporting, finance leaders are left in the dark on reconciliation status and exceptions.
Automated Supplier Statement Reconciliation is a fast, intuitive platform, and it is built for real-world accounts payable teams. With just a few simple steps, you can go from uploading supplier statements to resolving exceptions and generating reports quickly and accurately.
Import statements in any format — PDF, Excel, scanned documents.
Use technology to identify and track query and exception transactions.
Approve matches, resolve exceptions, and generate reports in minutes.
Stop the manual struggle and gain true control over your financial processes. Automate your supplier statement reconciliation with unmatched speed and accuracy
Telic Digital’s Automated Supplier Statement Reconciliation solution automates this process, increasing accuracy, transparency, and operational efficiency while improving your supplier relationships. Our solution is a cloud-based application that automates reconciliation for Excel, PDF, and Paper statements and provides tools for Accounts Payable to manage exceptions and report on them to drive continuous improvement. Take it a step further by giving suppliers access to reconcile their own statements, view the status of invoices and submit messages into your query process.
Our automatic reconciliation solution takes the pain out of the process, giving you:
Time and Cost Savings
Supplier statement reconciliation becomes faster, easier, and far more accurate. Take the manual effort out of matching supplier statements to your AP ledger, helping you cut reconciliation time by up to 90%. This allows your accounts payable team to shift their focus to more strategic tasks.
Eliminated Errors and Reduced Risks
Intelligently identifies duplicate invoices, missing credits, and discrepancies without manual effort, ensuring nothing slips through the cracks. With up to 99% accuracy in reconciliations, you can prevent costly overpayments and be confident that every credit is captured, giving your finance team greater peace of mind and stronger financial control.
Enhanced Supplier Relationships
Resolve queries quickly and accurately to build greater trust with suppliers and reduce friction in day-to-day operations. With clear, reliable reconciliation data at your fingertips, you’ll also be in a stronger position during negotiations backed by transparency that supports better terms and long-term partnerships.
Full Visibility & Control
Track exceptions and identify gaps in real time, ensuring nothing gets missed. The platform generates audit-ready reports instantly, complete with a full audit trail to support compliance and internal controls. CFOs and finance leaders can access clear, actionable insights that support smarter decision-making and stronger financial oversight.
Easy Integration
Integrate easily with leading ERP systems, such as SAP, Oracle, Dynamics, and NetSuite, without complex custom development and with minimal involvement from your IT team, enabling faster deployment. As a fully cloud-based, secure solution, it protects data while delivering the flexibility and scalability modern finance teams need.
Global brands trust Telic Digital to deliver reliable, high-performance solutions. Our platform is designed for fast implementation and simple onboarding so your team can start seeing results quickly. We provide dedicated support and training every step of the way, ensuring a smooth transition and continued success. With enterprise grade security at the core, you can trust that your data is protected at all times.
