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Reconcile Supplier Statements in Minutes, Not Days

AI-powered statement reconciliation software that automatically matches supplier statements and flags unmatched or missing invoices across your entire vendor base.

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Statement gaps, delays, and missed credits aren’t just inefficiencies. They’re hidden risks that drain time and profit.

FlexTrap dashboard displaying supplier statement reconciliation on laptop and tablet.

Stop Wasting Time on Manual Supplier Statement Reconciliation

FlexTrap automates every step: requesting, receiving, matching, and tracking supplier statements. This alllows your team to focus on what matters. AI-powered precision catches missed credits and errors traditional methods overlook.

Manual reconciliation slows you down. FlexTrap finds what matters fast.

Speed Up Reconciliation. Scale Your Impact.

Let FlexTrap do the heavy lifting. Automate supplier statement tasks, reduce errors, and reclaim your team's time.

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Optimize Supplier Outreach

Put follow-ups on autopilot. FlexTrap automates outbound and inbound supplier communications. No more chasing down statements or status updates.

AP team discussing duplicate payment error on supplier statement reconciliation.

Eliminate Manual Reconciliation

Let AI handle the matching. Automatically match supplier statements against AP records with precision logic that flags discrepancies in real time.

AP professional reviewing flagged invoice on payment error prevention software before submitting payment.

Expand Supplier Coverage

Reconcile more supplier accounts each month without adding headcount. FlexTrap scales with your needs.

AP team working together to review FlexTrap open item report to finalize monthly supplier statement reconciliation.

Easily Identify Open Items

Spot what matters, fast. Quickly find missing credits and invoices. Get tailored reports that drive action and close the gaps.

Fast Setup. Real Results in 30 Days.

Start reconciling more statements with less effort. Identify missed credits, resolve open items, and boost AP performance. All without any heavy lifting from IT.

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Initial Discovery

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We start by identifying how your team currently handles reconciliation and where limitations exist in supplier coverage and process efficiency. Together, we surface pain points like open items, missed credits, and bottlenecks in requesting and tracking statements.
Review
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Proof of Concept

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Review
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FlexTrap runs a pilot using your actual supplier statements and AP data. You’ll see how our AI maps and matches transactions, flags discrepancies, and increases monthly coverage, all without burdening your IT team.
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Go Live

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Once validated, we move to full deployment. FlexTrap begins automating your supplier outreach, reconciliation, and reporting, helping your team close gaps, capture savings, and improve supplier relationships within the first month.
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FlexTrap has a global presence yet is incredibly nimble. They’re skilled at making sense of the data and turning it into a story that’s not overwhelming and helps us make informed decisions.

Finance Director
Multinational Retailer

The Impact by the Numbers

Real AP teams are transforming reconciliation with FlexTrap, saving time, increasing supplier coverage, and capturing missed credits.

reconciliations

90%

Less time required to complete supplier statement reconciliations

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100%

Supplier coverage achieved with automated outreach and matching

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50%

Increase in open credits identified and recovered

Experience the difference

FlexTrap Statement Reconciliation: Frequently Asked Questions FAQs

Are FlexTrap Statement Reconciliation processes entirely automated?

The outreach and matching processes are 100% automated. However, statements arrive in many different formats. Where possible, we automate the data capture. Otherwise, we have a team that scales to ensure accurate data capture. In either case, you don’t need to worry. Everything is handled for you automatically.

How does your solution ensure that statement data is captured accurately?

Statements are checked against known formats, and data is extracted automatically for cases where extractors are available. Other statements flow to a manual review queue where analysts carefully extract statement data.

We have a unique matching process for some of our key suppliers. Can you support that?

Yes. FlexTrap supports complex matching options and can be configured to match customer-specific use cases. We can also match to multiple data sets when required.

Do you handle multiple statement formats?

Yes. Statements come in several formats (Word, PDF, Excel, text, embedded email, etc.). FlexTrap is agnostic to the format and uses a combination of AI and human-in-the-loop to ensure data is captured appropriately.

Stop Reconciling.
Start Recovering.

Gain speed, accuracy, and complete supplier coverage. FlexTrap doesn’t just automate reconciliation, it transforms it.