About APMatching
APMatching is a financial software platform from Statement Matching that changes financial processes by aligning supplier statements with ledger data. It provides S/4HANA Hub, SmartCoding, and Basware Insights to help organizations regain revenue and improve their Accounts Payable operations. The software also includes SmartPDF and Invoice Matching features, allowing for efficient data processing and extraction. APMatching is designed to deliver value to the P&L by reducing discrepancies and improving accuracy in financial reporting. It is suitable for organizations looking to improve their Accounts Payable processes and regain lost revenue. Key capabilities: S/4HANA Hub SmartCoding Basware Insights SmartPDF Invoice Matching Best for: finance teams that need to improve their financial reconciliation and reporting processes.
AP Matching’s statement matching software is a specialized tool designed to streamline and enhance the accuracy of accounts payable (AP) processes. It focuses on automating the reconciliation of financial statements and invoices to ensure that all transactions are accurately matched, reducing manual effort and improving overall efficiency. The core functionality of AP Matching’s software revolves around its advanced reconciliation algorithms. The system is engineered to handle a variety of data formats and sources, including bank statements, invoices, and internal records. By automating the process of matching transactions from these different sources, the software significantly reduces the time and labor typically associated with manual reconciliation tasks. One of the standout features of AP Matching’s solution is its sophisticated matching engine. It uses a combination of pattern recognition and machine learning to identify and match transactions with high accuracy. This feature is particularly valuable for organizations dealing with large volumes of data, as it minimizes the risk of human error and ensures that discrepancies are promptly flagged and addressed.
Pros & Cons
- Enhanced Reconciliation Efficiency: APMatching offers a structured and efficient way to reconcile statements with ERP systems. This eliminates the need for manual searches and notations, thereby streamlining the reconciliation process.
- Daily Use and Value: The tool is utilized daily for managing both expected and unexpected spend. It aids in capturing financial resources and optimizing their use within the company.
- Automation Benefits: The automation of vendor statement reconciliation helps in staying updated with missed invoices, capturing cash discounts, and keeping vendor accounts current.
- Cost-Effective and Flexible: The software is noted for its cost-effectiveness, lack of contract obligations, and ease of deployment. It also offers personalized monthly follow-up calls, enhancing user support.
- Data Mismatches: Users sometimes experience data mismatches due to manual data uploads. This issue is recognized as being more related to user-side manual processes rather than the software itself.
- Learning Curve: Some team members required additional time to become comfortable with the tool. This indicates a potential initial learning curve for new users.
Features
Key features
Reconciles Excel, PDF, and paper statements with no manual intervention.
Automatically identifies and follows up on exceptions.
Allows suppliers to view invoice and payment status and submit inquiries.
Reduces errors, improves cash flow, and maximizes early payment discounts.
Additional features
Extracts data from various statement formats.
Compares statement data with ledger data to identify discrepancies.
Automatically identifies and follows up on exceptions.
Allows suppliers to upload their own statements.
Provides suppliers with access to view invoice and payment status and submit inquiries.
Generates reports identifying missing invoices/credits, miss-postings, and data discrepancies.
Supports resolving errors on the ledger and sharing reports with suppliers.
Reduces errors, improves cash flow, and maximizes early payment discounts.
Simple to set up and requires minimal IT involvement.
Offers various pricing options, including a free proof of concept.
Provides access to references from existing customers.
Pricing
Countries & Languages
Interface languages
Billing currencies
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About APMatching
APMatching is a financial software platform from Statement Matching that changes financial processes by aligning supplier statements with ledger data. It provides S/4HANA Hub, SmartCoding, and Basware Insights to help organizations regain revenue and improve their Accounts Payable operations. The software also includes SmartPDF and Invoice Matching features, allowing for efficient data processing and extraction. APMatching is designed to deliver value to the P&L by reducing discrepancies and improving accuracy in financial reporting. It is suitable for organizations looking to improve their Accounts Payable processes and regain lost revenue. Key capabilities: S/4HANA Hub SmartCoding Basware Insights SmartPDF Invoice Matching Best for: finance teams that need to improve their financial reconciliation and reporting processes.
APMatching Details
APMatching's In-App Market Place
Does APMatching have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), AUD (A$), CAD (C$), JPY (¥), CHF (CHF), CNY (¥), INR (₹), MXN (MEX$).
Pros & Cons
- Enhanced Reconciliation Efficiency: APMatching offers a structured and efficient way to reconcile statements with ERP systems. This eliminates the need for manual searches and notations, thereby streamlining the reconciliation process.
- Daily Use and Value: The tool is utilized daily for managing both expected and unexpected spend. It aids in capturing financial resources and optimizing their use within the company.
- Automation Benefits: The automation of vendor statement reconciliation helps in staying updated with missed invoices, capturing cash discounts, and keeping vendor accounts current.
- Cost-Effective and Flexible: The software is noted for its cost-effectiveness, lack of contract obligations, and ease of deployment. It also offers personalized monthly follow-up calls, enhancing user support.
- Data Mismatches: Users sometimes experience data mismatches due to manual data uploads. This issue is recognized as being more related to user-side manual processes rather than the software itself.
- Learning Curve: Some team members required additional time to become comfortable with the tool. This indicates a potential initial learning curve for new users.
APMatching's Support Options
Email Address
support@apmatching.comContact
+44 (0) 1536 262646APMatching's Alternatives
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