Skip to content

Supplier Statement Reconciliation - Manual Chore or Critical Value Adding Process

What are Supplier Statement Reconciliations?

Supplier statement reconciliations are one of the most important financial controls in any business. They ensure that all sums due to suppliers are accounted for and that they are only accounted for once. Without performing this control, an organisation runs the risk of understating its liabilities and costs but also increases the exposure to duplicate invoices and payments (see also ReKlaim for how we can help clients identify these).

Download our Industry Paper

This paper debates the reasons why risk management professionals, internal and external auditors are turning to the control that supplier statement reconciliations provide, contrasting the unfashionable nature of supplier statements in previous years.

By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves in to the vast benefits that can be obtained by automating the process.

Fill the short form below to download: Supplier Statement Reconciliations: Manual Chore or Critical Value Adding Process.

Full Name
Company
Phone
Business Email

About AutoRek
AutoRek User Group
Careers
Partnership
Support & Training

AutoRek^® is a product of API Software Ltd and was born in 1994 in the days of mass privatisation and de-mutualisation. By working closely with a number of stockbrokers involved in these massive share sales, we discovered that existing manual reconciliation systems simply couldn’t cope with the volumes, short timescales and accuracy demands placed upon them. Find out more about AutoRek.

A user group for AutoRek users. Get tips and updates as well as new developments and uses for AutoRek. Find out more.

We are always on the lookout for talented, hard-working but above all, dedicated individuals to join the team here at AutoRek.
Find out more about our current vacancies.

AutoRek supports the Finance Function strategic agenda and is particularly powerful in supporting Fast Close, Shared Services, Cost Reduction, Off-shoring and Outsourcing strategies. Find out more about becoming a partner.

Getting a solution into production is the first step in achieving a goal. Ensuring smooth running for and enabling change are the true measures of success over time. All solutions we deliver benefit from support delivered by our dedicated service desk. Providing up to 24x7 support levels for critical applications through to standby on-demand advice.
Get support now.