Automated Supplier Statement Reconciliation

How much time does your AP team spend cross-checking supplier statements with invoices or credit notes every month?

With Kefron automates the reconciliation of invoices received, along with invoices the supplier claims to have sent.

Supplier Statement Reconciliation

First Look

Join Kefron CTO Alistair Thacker for an overview of how automated Supplier Statement Reconciliation works.

High-Performance Reconciliation

  • 01
  • 02
  • 03
  • 04

• Reduce manual reconciliation

• Invoice keyword search

• Single dashboard for reconciling
manual discrepancies

• Auto-calculate selected invoice amounts

• Contact suppliers directly

• View all supplier communications

• Digital audit trail of users

• Enforce supplier statement reconciliation
best practice

• Activity tracking

• Immediate invoice retrieval

• Identify duplicates

• Up-to-date reporting

• Centralised collaboration

• Highlight statement discrepancies

• One-click auto-matching

• Statement line items reconciled
against invoices received

How Much Is Your AP Process Really Costing You Webinar AP Automation
Invoice Automation Dealership Case Study 3
AP Automation Features
Invoice Automation Dealership Case Study 4

DID YOU KNOW?

If you process 500 supplier statements per month, and spend 9 minutes per statement on manual entry, you can save 11 days per month

Four Simple Steps

  • Statement Capture
  • Data Extraction
  • Automated Matching
  • Identify Discrepancies

Statements are scanned, e-mailed, or uploaded via supplier portal like invoices.

Invoices and their details are extracted from the statement including the line item information.

Statements are automatically reconciled against invoices received in Kefron AP

Easy-to-use, on-screen checking of remaining discrepancies.

Invoice Automation Dealership Case Study 2

Want to learn more?

Talk to an AP Specialist

  • Calculate the true cost of your current AP process
  • Identify bottlenecks
  • Assess if your AP process is suitable for automation
  • Calculate the real business case for AP Automation

Let's Talk