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Auto Statement Reconciliation

Save Time & Money With Our Auto-Reconciliation Process

SPAR SUPPLIER RECON MANAGER

AUTOMATIC RECONCILIATION OF WAREHOUSE & DROP-SHIPMENT STATEMENTS!

Does the task of correctly reconciling your Spar Warehouse & Drop-Shipment statements consume a large portion of your accounting team’s time? Are your confident the statements are being reconciled accurately? Instant Retail Accounts is here to help you! Using our Supplier Reconciliation Manager, your Spar statements can be uploaded, automatically reconciled and reported on. Instant Retail Accounts goes even further by allowing you to easily track and report on your supplier claims – ensuring you recover your money hassle-free.

Spar Supplier Recon Manager Features

Supplier Statements Upload

  • Auto-upload your entire Spar statement into the system electronically.
  • Support for both Warehouse and Drop-Shipment statements.
  • Credit notes are auto-allocated to invoices.

Automatic Reconciliation

  • Spar Supplier Recon Manager will automatically reconcile your statement transactions to system transactions.
  • Get alerted on statement items that can’t be reconciled.
  • Support for transaction reconciliation within a value tolerance – difference posted to a roundings expense account.

Add Claims

  • Add all unreconcilable items as claims – to be followed-up at a later stage.
  • Easily recon previous statement claims when the credit note is entered into SIGMA.
  • Easily report on claims per supplier and ageing period using the powerful, Excel driven, Claims Dashboard report.

Payment Creation

  • Payment auto-created at end of reconciliation.
  • Invoices automatically allocated to the payment – true accounts payable visibility
  • Easily reconcile against your bank statement using the Bank Statement Manager.

Recon Authorization

  • Segregate user access by function – enhanced security.
  • Allow reconciliation authorization.
  • Allow payment authorization.

 

Want to save money on your reconciliation process?

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