Extend your brand profile by curating daily news.

Statement Zen Beta Program: AI-Powered Vendor Statement Reconciliation FAQ

By NewsRamp Editorial Team

TL;DR

Statement Zen's beta program offers early access to AI that cuts reconciliation time by 80%, helping businesses recover funds and gain efficiency over competitors.

Statement Zen's AI engine reconciles vendor statements against over 20 ERPs via simple file uploads, matching lines and flagging exceptions without templates or APIs.

Statement Zen frees finance teams from manual drudgery, allowing them to focus on strategic work and improving work-life balance through automation.

An AI platform from Brisbane instantly reconciles vendor statements against legacy ERPs like SAP and Oracle, handling partial payments and formatting errors effortlessly.

Found this article helpful?

Share it with your network and spread the knowledge!

Statement Zen Beta Program: AI-Powered Vendor Statement Reconciliation FAQ

Statement Zen is inviting ERP resellers, AP providers, accounting firms, and end-users to test their AI-powered platform that automates vendor statement reconciliation across legacy ERP systems without requiring templates or APIs.

It addresses the persistent pain of manual vendor statement reconciliations in legacy ERPs, which causes endless Excel battles, overlooked discrepancies costing thousands, compliance risks, and keeps finance teams working inefficiently.

Users upload vendor statements (PDF, Excel, or CSV) and their ERP's open-items or aged-payables export in any format, and the AI instantly matches every line, handles partial payments, credit notes, mismatched references, and formatting errors while generating a full audit trail.

The beta expands compatibility to over 20 major legacy and on-premise systems including SAP, Vista by ViewPoint, JD Edwards, Microsoft Dynamics, Acumatica, Deltek, Oracle, Infor, Epicor, Syspro, IFS, Sage, and any system that exports open-items, aged-payables, or unpaid-invoices reports.

It can slash reconciliation time by up to 80%, uncover duplicate payments or missing credits to recover funds, close books faster, free teams for strategic work, and boost efficiency, transparency, and supplier relationships without IT disruptions.

Participants get a 30-day free trial with unlimited access and 100 free pages, personalized setup with compatibility verification in 1-2 days, priority support, early feature access, and the chance to influence development. Active testers may qualify for lifetime discounts up to 50% off or free first-year subscriptions.

ERP resellers, AP providers, accounting firms, and end-users who work with legacy ERP systems and experience challenges with manual vendor statement reconciliations are ideal candidates for the beta program.

Email info@statementzen.com with 'BETA INTEREST' in the subject line and include a brief note about your ERP and challenges. No commitment is required to start.

Unlike other solutions, Statement Zen requires no APIs, no custom templates, and no preprocessing of files - it works with simple file uploads and handles various formats and errors automatically through AI matching.

Successful pilots can evolve into revenue-share partnerships with co-marketing opportunities, and active testers who provide feedback on 5+ runs may qualify for lifetime discounts or free first-year subscriptions.

Curated from 24-7 Press Release

blockchain registration record for this content
NewsRamp Editorial Team

NewsRamp Editorial Team

@newsramp

NewsRamp is a PR & Newswire Technology platform that enhances press release distribution by adapting content to align with how and where audiences consume information. Recognizing that most internet activity occurs outside of search, NewsRamp improves content discovery by programmatically curating press releases into multiple unique formats—news articles, blog posts, persona-based TLDRs, videos, audio, and Zero-Click content—and distributing this content through a network of news sites, blogs, forums, podcasts, video platforms, newsletters, and social media.