Existing Customer?
Delivering easy invoice matching and reconciliation
SmartReconcile™
This application automates the collection of electronic supplier invoices for reconciliation. The system makes it possible to compare supplier invoices and create matches based on supply contracts, suppliers, terminals, bill-of-lading numbers, products, gross/net quantities, product prices, and site delivery quantities.
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TelaPoint is helping us streamline our fuel forecasting transportation dispatch and supplier reconciliation operations by making the process more efficient and integrating it with our PDI Petroleum Distribution accounting system.
Ken Dwelle
Spokesman
Nella Oil Co.
User-defined matching rules
If an invoice match is made based on the tolerance levels you define, SmartReconcile™ will send that invoice electronically to your accounting system for payment. Manual entry of invoices is also possible for situations where supplier invoices may not be available in electronic form. If a match is not made, SmartReconcile™ automatically flags the invoice using a descriptive error code, making it easy to identify invoices that require corrective action or that cannot be reconciled. SmartReconcile™ also includes powerful management reporting capabilities that let you easily review all reconciled invoices, exceptions, and fuel deliveries.
Key benefits at a glance
- Better ability to validate supplier invoice prices against the quoted price, resulting in lower supply costs
- Automate matching of supplier invoices against delivered orders, resulting in substantial labor reduction
- Shorten cycles for reconciliation and payment of supplier invoices, allowing you to benefit from prompt-pay discounts