Statement Intake
Bring supplier statements into a consistent reconciliation process.
AI-POWERED AUTOMATION MODULES
Supplier Statement Matching
Reconcile supplier statements before discrepancies become payment problems.
WareConnect compares supplier statements with processed invoices and credit notes so Accounts Payable can identify missing documents, duplicates, amount mismatches and balance differences before payment decisions are made.
The business problem
A supplier statement can expose issues that are difficult to see when invoices are processed individually. WareConnect turns statement reconciliation into an exception-based workflow so AP focuses on the differences rather than manually checking every matching line.
How it works
- Receive the supplier statement
Statements enter the configured WareConnect workflow.
- Capture statement information
Relevant supplier and line information is captured using the configured document-processing service.
- Validate the data
Captured information is checked before matching.
- Match against invoices and credits
WareConnect compares statement transactions with processed invoices and credit notes.
- Identify discrepancies
Missing invoices, missing credits, duplicates, amount mismatches, unmatched items and balance differences remain visible.
- Review what needs attention
Users focus on exception items rather than every transaction.
- Resolve follow-up items
AP investigates internally or with the supplier as required.
- Prepare for payment with greater confidence
Finance has a clearer supplier position before payment-run approval.
Key capabilities
Invoice & Credit Note Matching
Compare statement transactions with processed invoices and credits.
Missing Invoice Detection
Identify statement items without a matching invoice.
Missing Credit Note Detection
Surface credits that may not yet be captured or processed.
Duplicate & Amount Difference Checks
Highlight potential duplicates and amount discrepancies.
Aged Balance Validation
Identify supplier balance differences where the required information is available.
Exception Review
Separate clean matches from items requiring investigation.
Reconciliation Reporting
Provide visibility over matched, unmatched and discrepant statement items.
Frequently asked questions
What discrepancies can WareConnect identify?
Missing invoices, missing credit notes, potential duplicates, amount mismatches, unmatched transactions and relevant balance differences.
Does WareConnect automatically resolve every mismatch?
No. The system should automate clean matching and surface genuine discrepancies for AP review.
Where does Statement Matching fit in Procure-to-Pay?
After invoice processing and before Payment Run Approval.
Does Statement Matching replace Invoice Automation?
No. Invoice Automation processes individual invoices; Statement Matching provides a later supplier-account reconciliation control.
See Supplier Statement Matching in action
Reconcile supplier statements before discrepancies become payment problems.
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