Vendor Statement Reconciliation | Dayos | AI for Business

CHALLENGE

Manual vendor reconciliations are tedious and often identify discrepancies too late in the payment cycle. AP teams struggle with invoice mismatches, missing credits, and unrecorded liabilities across multiple vendors. These inefficiencies lead to duplicate payments, missed discounts, and strained supplier relationships.

Manual Reconciliations
Many AP teams still rely on spreadsheets.
Duplicate Payments
Some payables are missed or processed twice.
Vendor Disputes
Payment cycles often extend significantly.

SOLUTION

Hero automates vendor statement reconciliation within Dayos by matching statements to AP subledgers, detecting missing invoices, and flagging unrecorded liabilities. It applies fuzzy matching algorithms to handle naming or reference inconsistencies and automatically calculates accruals and dispute communications.

Fuzzy Matching Engine
Reconciles invoices even with format or reference variations.
Discrepancy Detection
Identifies missing invoices, credit notes, or duplicate payments.
Automated Accrual Calculation
Creates and posts necessary accrual entries for unmatched items.
Vendor Dispute Management
Generates preformatted communications for vendor resolution.

RESULT

With Hero, organizations accelerate the reconciliation process while minimizing payment leakages. Finance teams gain visibility into liabilities, recover discounts promptly, and strengthen supplier trust.

Reduces vendor disputes significantly.
Ensures full capture of early payment discounts.
Improves working capital efficiency

About us
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