StatementSYNC is a SaaS supplier statement reconciliation platform developed and used by AP recovery audit professionals. Accounts payable teams use StatementSYNC to automate the reconciliation of supplier statements across multiple ERPs and formats including email, Excel, PDF, and more to identify open credits, missing invoices, and RNI transactions in minutes rather than months.
The platform provides real-time comparison against consolidated enterprise-wide AP data, automated matching of statements to paid history, and end-to-end workflow for requesting, reviewing, reconciling, and recovering open credits. StatementSYNC significantly reduces the time and cost associated with manual statement processes, improves AP team efficiency, and helps organizations avoid credit holds and escheatment risk.
StatementSYNC is part of AuditSUITE 360 platform.