Reconciliations

Compare transactions against relevant data and records direct from source.



Reconciling and comparing transactions helps you discover errors, duplicate charges and fraudulent activity.

It also provides certainty for your business that what you have ordered and paid for it what you have received.

Spend that isn’t "under management" is difficult to analyze because information is scattered throughout the organization, in very different formats and varying levels of quality.
The average organization has only 55-60% of its spend under management, while best-in-class performers manage close to 85%. If a business can achieve 5-10% savings on spend under management, an increase from 55% to 75% can generate an additional 1-2% of savings — and put procurement on a path to exceed typical annual savings in the range of 7-10%.