Spending countless hours manually reconciling supplier statements?
Tired of wasting endless hours manually reconciling supplier statements? Your solution is here! YoozVendorStatements, the game-changing AI-powered tool that automates 100% of your supplier statement reconciliation.
A seamless part of the Yooz platform, this innovative solution eliminates manual data entry, error hunting, and time-consuming investigations. Instead, now you can automatically detect and resolve discrepancies with ease, increasing accuracy and freeing up time for more important tasks.
- Effortless Automation: Let AI do the heavy lifting, from linking documents and matching values to creating one-click supplier summaries.
- Flawless Reconciliation: YoozVendorStatements automatically detects and resolves discrepancies to achieve 100% accuracy.
- Time & Cost Savings: Slash manual work and processing time, cutting costs while speeding up your workflow.
- Scale with Ease: Effortlessly manage supplier statements at any volume, perfect for businesses of all sizes who want to grow.
- Boost Efficiency: Improve reporting accuracy with real-time data insights for precise decision-making and simplified audit processes.
- Communicate Effectively: Cultivate clear and concise communication that keeps both internal teams and suppliers aligned and informed.
- Shield against Risk: Identify and minimise fraudulent activities, safeguarding your financial data and integrity.
Improved AP Assurance
Minimize the risk of missed deadlines while creating a comprehensive audit trail.
Meticulous Collection
Accurately and promptly capture all relevant documents for seamless processing.
Detailed, AI-based Comparison
Automatically match vendor statements with internal records, ensuring precision and consistency.
Centralized Organization
Unifies with the Yooz platform to store and access all AP documents, simplifying information retrieval.
Accurate Cross-Referencing
Statements are precisely cross-referenced with all related documentation, preventing payment and insight errors.
Stronger Relationships
Build trust with vendors through transparent and efficient communication and summaries, improving collaboration.
“YoozVendorStatements has completely changed the way we approach vendor statement reconciliation. We went from reconciling very few vendor statements, on a priority basis, to now reconciling almost 100% of our vendor statements. The benefit from the automated matching and rapid investigation has been immeasurable.”
– Chloe Gee, Finance Business Partner at Insipired PLC.
How Does it Work?
Yooz’s intuitive, user-friendly software automates vendor statement reconciliation at scale in just 5 steps.
- Statement Capture : Centralized document capture and management
- Data Extraction : AI and ML powered line-level field identification & assignment
- Automated Matching : Intelligent invoice, credit note, payment recognition & matching
- Identify Discrepancies : Exception management with detailed error prompts
- Summary & Feedback : Email vendors directly with all relevant documents attached