Accelerate vendor statement reconciliations by 20x!
If your accounts payable team spends many hours checking vendor statements manually, it’s time to streamline the process with Peakflo’s AI-powered vendor statement reconciliations!
Trusted by 100+ Finance Teams
Why finance leaders choose Peakflo
Smooth integration for an easy reconciliation!
Connecting two systems may seem simple and straightforward, but in reality, it often proves to be a challenging, costly, and time-consuming task for both tech and finance teams. Beyond offering out-of-the-box integrations, Peakflo excels at integrating ERP/Accounting software, such as SAP and NetSuite.
Secure SFTP/API Integrations
Peakflo offers secure and flexible API and SFTP integrations for enterprise clients to accommodate a wide range of tech stack requirements.
Allow AI-powered statement capture to do the vendor reconciliation!
If your team is wasting time extracting data from PDF or Excel vendor statements, streamline your statement extraction process with Peakflo.
AI-driven statement capture
Vendors can send their statements to a dedicated email or include the statement within the email body as a table. Peakflo will automatically extract and digitize all the details from the statements with high accuracy. Your team can also upload PDF or Excel vendor statements to Peakflo.
Check the mismatches at a glance!
Streamline the reconciliation process for your AP team by adding automated or manual remarks. Your AP manager can add notes to mark discrepancies that require further action.
Add manual remarks
Your AP manager can easily add and edit remarks regarding the reconciliation status.
Add automated remarks
With Peakflo rules, automatically add remarks and check the reconciliation status at a glance.
Deep dive into any invoice level mismatch!
With Peakflo's AI-powered vendor reconciliation, your AP team can eliminate manually sifting through hundreds of statement line items to check for mismatches or discrepancies.
Peakflo will simply validate each line item, such as subtotal, gross, tax, and withholding tax, automatically calculate the differences, and flag any mismatches!
Seamlessly share mismatches with vendors!
Simply share the mismatches with your vendors and allow them to check all the discrepancies at a glance. They will be able to resend the statement corrections to you through email.
Centralize vendor communications!
With the Peakflo vendor portal, your vendors can directly submit the statement file for your company. They can also view any mismatches highlighted by your AP team, communicate with you, and submit corrections for faster reconciliation.
Have full visibility over your reconciliations!
Keeping a comprehensive overview of all your vendor reconciliations not only provides your Accounts Payable team with complete visibility of the reconciliation process but also allows auditors to complete their audits more quickly.
End-to-end Reconciliation analysis
At a glance check the reconciled & unreconciled supplier statements.
Flag duplicate documents
Peakflo will automatically detect duplicate documents, making sure there will be no overpayments and keeps your vendor master data clear
Success Stories
How Ninja Van saves 1000+ manhours/month and reduced DSO by 12 days using Peakflo
Ninja Van issues 10,000 invoices per month to customers with different requirements. Before Peakflo, Ninja Van needs to prepare the invoices manually. Not to mention the effort needed to follow up and resolve disputes. With Peakflo and Netsuite 2-Way-Sync, NinjaVan is able to issue custom invoicing smoother based on specific field mapping. The customer portal also centralizes communication and dispute management with customers.
How InMobi decreased their Average overdue days by 9 and increased invoicing efficiency by 100%
Before Peakflo, InMobi AR team had to create invoices manually with many customizations unique to different regions across the globe. Now, with Peakflo, InMobi can create GST tax invoices with high customization, like HSN/ SAC code, QR code, GSTIN, and e-signatures. Following up on unpaid invoices also made easy with real-time reports.
How EverPlate’s operational team saves 60 man-hours per month, gets paid 15 days faster with Peakflo
EverPlate’s operational team, coming from a non-finance background, had a difficult time issuing invoices and tracking payments, resulting in incredibly tight cash flows and wasted man-hours spent doing repetitive tasks. With Peakflo's centralized dashboard, Everplate is able to track invoice status accurately and make customized multi-channel payment reminders
How Gazzda improved DSO by 8 days by automating payment reminders and saved 72 man-hours per month on vendor invoice data entry and payments.
Before Peakflo, Gazzda team had to manually send follow-up emails for 300 invoices per month. Gazzda team also had a hard time doing manual data entry for vendor invoices received by paper and track their status. With Peakflo, Gazzda can automate payment reminders. The scattered vendor invoice management became centralized and the vendor invoice processing has gotten much faster and easier.
How Janio reduced the DSO of over 1,000 customers to 40 days using Peakflo
Before Peakflo, Janio didn’t have any visibility into their collections process, making it challenging to plan their budgets. They also need to follow-up manually on 5,000 invoices/month. With Peakflo’s customer status tracking report, Janio is able to see customers’ payment behavior and timeline. The automated reminder workflow also remove the needs to manually follow-up on customer payments.
How Pickupp's finance-ops increased productivity by 30% using Peakflo
Before Peakflo, Pickupp had a manual process for collecting and monitoring outstanding payments. This manual approach has led to data silos in communications. With Peakflo easy-to-use interface, monitoring and collecting outstanding payments is very easy. As a result, Pickupp reduced monthly overdue by 40% and DSO by 25%.
How EstimateOne saves 376 hours and collects AU$ 83.3k faster with Peakflo
EstimateOne’s three-women financial team had a tough time recording payment status in spreadsheets – which didn’t provide them much visibility on overdue invoices. With Peakflo reports and real-time tracking, EstimateOne was able to gain more insights into customers’ invoice status through the comprehensive reports, making collection much easier and faster.
How Glints improved their average overdue days by 7 and invoice reminder follow up efficiency by 95%
Before Peakflo, Glints team had to sent invoice reminders one by one manually from their accounting software. The process of sending and personalizing took around a full day. With Peakflo’s automated workflows, now Glints team automatically sends all the invoice reminders through emails to their customers and reduce DSO.
How ArisInfra saves 3003 man-hours in a year with Peakflo
ArisInfra’s collections team sent email reminders manually and it took a five-person team to handle all these follow ups. With Peakflo’s automated workflows, now ArisInfra’s finance team automatically sends all the invoice reminders through emails. Now, just one person checks on the automated reminders and tracking customer payments
How WE! Interactive saves 66 man-hours per month by automating invoice reminders
WE! Interactive, as a Xero accounting software user, needs to send reminders that were sent out one at a time and only through email. With Peakflo’s automated workflows, now We! Interactive accounting team automatically sends all the invoice reminders through email to their customers.
How Advance PH saved almost 300 man-hours per month on automating invoices collections
Before using Peakflo, Advance used Google sheets to send around 500 invoices and send manual email reminders to their customers. It took around half a day every day. With Peakflo automated workflows, now Advance finance team automatically sends all the invoice reminders through emails to their customers and their team is able to focus on more value-added tasks.
How Driver Logistics reduced average overdue days by 16 and increased receivable efficiency by 35% with Peakflo.
The Peakflo team was very efficient in understanding our requirements, and they developed customized solutions to make the day-to-day finance operations much more effortless. We’ve been able to reduce our average overdue days by 16 and increase our receivable efficiency by 35%.
Connect your Accounting Software/ERP to Peakflo
Turbocharge your accounting software with Peakflo or import your data seamlessly.
Integrate and leverage the power of automation without affecting the way you work.
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