Automate Your Procure-to-Pay Reconciliations with Trintech’s Financial Software
Trintech’s operational account reconciliation software streamlines Procure-to-Pay processing by automating more than 90% of your financial transactions, so your team can reallocate resources to higher-value efforts such as exception resolution and financial reporting.
ReconNET is a multi-process platform capable of automating even the most highly sophisticated Order-to-Cash and Procure-to-Pay processes. Its flexible and non-invasive application architecture extends existing ERP or CRM systems with unparalleled matching algorithms, including:
- 1:1
- 1:1 w/ Variance
- 1:1 w/ Split (a new item is created from any non-matched remainder amount)
- 1:1 w/ Delayed Date
- 1:1 w/ Delayed Date & Variance
- 1:1 w/ Serial Number Zero
- 1 to Many
- 1 to Many w/ Variance
- 1 to Many w/ Split (a new item is created from any non-matched remainder amount)
- All:All
- All:All w/ Variance
- Self-Reconciling
Advanced research and workflow capabilities help your finance team define how exceptions are handled, and tasks can be segregated appropriately throughout your company to facilitate rapid resolution.
Reconcile Supplier Statements
A supplier typically sends a statement to each purchaser listing unpaid invoices/credit notes at some point in time. These need to be reconciled to supplier accounts in your ERP system.
- Our account reconciliation software automates reconciliation between the supplier balances and the ERP balances, highlighting any differences between the manual and automated resolution
Trade Debtor Reconciliation
Using Trintech’s operational account reconciliation software, you can validate the sub ledgers and general ledger within your ERP system to identify differences in the main debit balances.
- This can help identify aged debt, outstanding customer debt, potentially high value funds to target for recovery and risky outstanding debt for compliance and risk management efforts
Reconcile Supplier Payments
Any payments made directly to a supplier via the bank (i.e. Cash Out) must be matched to ‘uncleared’ cash in the supplier ledger.
- ReconNET reconciles and automates the matching process quickly and efficiently, highlighting differences and exceptions for resolution
Learn More How Trintech Solutions Streamline F&A Outsourcing:
- Learn more about how our solutions streamline the Order-to-Cash Process
- Learn more about how our solutions streamline the Procure-to-Pay Process
- Learn more about how our solutions streamline the Record-to-Report Process
