FlexTrap: Statement Reconciliation Module
Optimize supplier statement reconciliation with FlexTrap.
FlexTrap’s Statement Reconciliation module automates supplier statement acquisition and streamlines account reconciliation, ensuring you never miss an invoice or open credit again.
FlexTrap helps you reconcile a higher percentage of supplier statements, uncover missing invoices, and recover cash through open credits, ultimately enhancing your overall payment accuracy.
How It Works
In 30 days or less, you can automate up to 90% of the statement management lifecycle AND increase your supplier coverage.
01.
Tell us your goals and your pain points.
This will help us understand if FlexTrap is a fit for you AND how we can customize it to fit your needs.
02.
See how FlexTrap will work in your company risk-free.
With a 30-minute demo or a free Proof of Concept, you can see how FlexTrap works in your environment (with no involvement from your IT department). We’ll show you the tangible efficiency gains with zero risk.
03.
Get up and running in 30 days or less.
Fast and frictionless onboarding with minimal IT time and training. Our team works alongside your team to continuously refine results and fine-tune to your environment.
04.
Start capturing open credits and reconciling statements without the need for costly 3rd party AP audits.
FlexTrap’s automated supplier outreach, statement requests, statement matching, and reconciliation get you out of the weeds of statement review and onto instantly capturing unclaimed value.
30% +
Value lost when you use 3rd Party AP auditors (contingency fees + uncollectible aged credits)
90% +
Average supplier coverage with FlexTrap Statement Credit Capture
60% +
Less time required to complete supplier statement reconciliations
Automated Supplier Outreach
Expand supplier coverage and capture more unclaimed value with less work.
Intelligent Statement Reconciliation
Complete reconciliations with greater accuracy in a fraction of the time.
Customizable Statement Alerts
Improve visibility into open credits, non-compliant suppliers, and more.
Unburden your AP team, expand supplier coverage, and enhance efficiency.
Make identifying and recovering the open credits you’re owed fast and easy.
Make identifying and recovering the open credits you’re owed fast and easy. With FlexTrap’s statement module, capturing open credits is simplified using proprietary technology to automate previous manual processes.
Complete more supplier statement reconciliations in less time.
Using the latest AI technology, FlexTrap automates much of the supplier statement reconciliation process and simplifies the rest.
Automate what you can within the statement management lifecycle.
✓ Automated supplier outreach, statement, and credit requests (customizable request cadence) of 100% of your supplier base
✓ Automated inbound statement routing workflows reduce back-and-forth with suppliers
✓ Automated statement matching streamlines and simplifies account reconciliation
Resource Constraints? We can help.
In an environment as complex as yours, complete automation is often impractical. Our team of global resources can help close the gap so you stay focused on higher priorities.
Case Study
7 Use-Cases of How FlexTrap Solved Real Problems
Implementing effective AP payment monitoring systems is crucial for organizations to ensure suppliers are paid correctly and within terms, minimizing errors, enhancing processes, and improving payment visibility.
In this case study, you can explore how FlexTrap has helped REAL customers achieve this through payment accuracy optimization.
Download the case study, today!
With FlexTrap's Statement Monitoring Module you get intelligent automation delivered with premium service.
Low false positives
Less than .1% of transactions are raised as high-probability errors.
Compatible with any ERP
Whether you’re on SAP, Oracle, or any other ERP, FlexTrap can work with your systems.
No regrets pricing
Our risk-free proof of concept and flexible pricing models ensure FlexTrap has verifiable ROI and is a “no regrets” decision.
Access expertise and in-house support 24/7
From our global delivery team and seasoned recovery audit experts.
Start seeing results in a week or less.
Not ready? Shoot us your email and we’ll send you more information!
The transaction data used in FlexTrap is stripped of any value to hackers. Even still, we make your data security a priority. It is processed and managed in our secure, private cloud.
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