Vendor Management | Procure to Pay
Vendor Statements
Their balance against ours, with the difference worked out for you.
What it does
Inside Vendor Statements.
A vendor who says they are owed more is answered with a reconciliation, not a promise to look.
01
Statements taken in by upload or through the portal
02
Their balance, our balance and the difference held on the record
03
Line level matching with missing, duplicated and disputed items separated
04
Agreement recorded, so the next statement starts from a known position
Where it sits
Part of Vendor Management.
Vendor Master One governed record per vendor, per entity relationship. Onboarding A vendor is transactable only once the evidence is in. Qualification Category approvals with expiry dates that are enforced. Performance Delivery, quality and price measured from your own transactions. Risk Concentration, dependency and exposure made visible. Vendor Portal Vendors maintain their own details and see their own status. Holds and Bank Changes A vendor stopped, the reason recorded, and one named role able to release it.
Run Vendor Statements against your books.
A working session on your structure and a month of your documents.