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
Gazzda
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.
Haisia
Before Peakflo, every department in Hai Sia had to submit reimbursements and bills for approval via email or hardcopy documents. Approvals is also very hard to track. With Peakflo WhatsApp OCR, Hai Sia team need to only take a picture of the bill and send it to WhatsApp, and the bill entry gets automated. On top of it, Hai Sia team can track approvals, payments and vendor communication seamlessly in one place.
Rey
Before Peakflo, manual bill approvals could take days and budget management could take a full month for the finance and other divisions in Rey. With Peakflo, Rey can now automate complex approval with the approval workflow. All bills and payments are assigned to a budget automatically and recorded in a structured manner, so the team wouldn’t spend so many hours doing budget recap.
Bharathi Homes
Peakflo’s customizable approval automation has been highly beneficial for our team, We’ve been able to save 200 man-hours per month. We have also automated manual tasks such as PO creation and 2-way matching and increased efficiency by 74%.
My Robin
Before Peakflo, the approvals were done using emails, and MyRobin’s finance team attempted to use Excel to track the approvals. Lack of approval workflow automation resulted in too much time being spent on manually chasing approvers and Excel did not provide any visibility over the audit trail for the team.
Vida
Peakflo approval workflows have been a great help for streamlining our purchase order and bill approvals. We’ve been able to save 20,254 man hours with Peakflo. We also no longer need to create reports manually and have saved 16 man hours by using Peakflo's out-of-the-box AP reports.
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.
Get Started!Import your CSV/XLSX
Connect through Peakflo API/ SFTP
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