Feeling stuck in your traditional statement matching? AutoReconcile believes that automated reconciliation is more effective than the traditional reconciliation process. Manual Reconciliation 1. Receive aged payables and statement files on paper. The sad truth is that some people still prefer to receive hard copies of documents despite the fact that these may be available online. As they accept statement documents, these are filed and fill up the stockroom. At...
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What is the future of the accounts payable (AP) workflow? AutoReconcile promotes innovation. This idea helps simplify the AP process that leads to a better future. How can you define that the future is already here? Small improvements like upgrading the systems and digitalizing payables workflow are examples of a futuristic approach to the AP department. There is no change in the workflow, but through automation, the old...
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The Finance department undergoes a payment process with their suppliers every month, and most of them are reconciling the invoices/statements manually. AutoReconcile believes that through automation, the statement reconciliation process would improve over time. In a typical process, the Accounts Payable (AP) specialists take care of this work. They receive the invoices from the suppliers and record them on the company’s system. Then, AP specialists are responsible for...
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