Vendor Account Reconciliation
22nd August 2019 | By Jan Cahill
Cleardata’s Robocloud digital workforce can perform automated vendor account reconciliation services for businesses throughout the UK. Use our cloud-based software robots to complete your manual finance tasks and benefit from more time to perform key accounts payable tasks.
RPA is available as a service, so this can be implemented quickly for businesses of all sizes including SME’s, via a simple monthly subscription. All you need to do is provide our team with a sample of your vendor statement and a snapshot of your ledger to reconcile against the supplier. Contact our team now to arrange a demo.
Vendor Statement Reconciliation
The robots can verify and validate your vendor account reconciliation statement and provide a spreadsheet for your AP team to action. This will include an agreed reconciliation code so they can filter and action by issue. For example, duplicate invoices, errors, no purchase order or unmatched invoices.
Vendor statement reconciliation can be completed quickly and easily. The robots work 24/7, providing data for your team to action immediately. As well as saving time, you’ll increase employee satisfaction, by removing the tedious checking and validation processes and increase processing speeds for invoice payment. Supplier telephone queries chasing payment will also be reduced.
Here’s a quick video explaining how our robots perform vendor statement reconciliation
For further information about our vendor account reconciliation services contact our team now or call 0800 046 8086.