Every statement, checked and cleared

No more manual matching or chasing discrepancies. We reconcile every statement automatically, so nothing slips through and nothing sits unexplained.
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Trusted by 17,000+ businesses worldwide

How statement reconciliation works

From statement to reconciled ledger in seconds, not spreadsheets.
1
The statement lands
Any format: email, ledger or SFTP. No changes needed from your suppliers.
2
We do the hard yards
We extract every line automatically, whatever the volume or format.
3
We check it all stacks up
We match every invoice, credit and payment against your ledger automatically, in real time.
4
You're only looking at what matters
We flag the exceptions. Everything else is already reconciled.

The best reconciliation is the one you never think about

No scrambling. No late nights. Just statements that match themselves.
Month-end, without the marathon
Reconciliation that used to take two or three days now takes minutes. Your team works with live data, not last month's spreadsheet.
Catch it before it costs you
A duplicate payment or a missed credit doesn't announce itself, it just sits there until someone finds it. We find it first.
Nothing to dig up, ever
Every transaction, every query, always on record. When the auditors come knocking, you're already there.
Know where you stand, right now
Not last month's snapshot, not a guess. The real picture of your AP position, whenever you need it.

We know reconciliation, whatever your industry

Every line, every time, it all adds up.
Construction
Building Materials
Engineering
Food & Beverage
Manufacturing
Medical & Pharmaceuticals

Construction

We've spent 12+ years elbow-deep in construction supply chains, and we're already connected to more than 15,000 businesses. A mismatched statement doesn't announce itself, it lurks until it becomes a month-end scramble or an audit question. We catch it before it does, matching every line against your ledger automatically, so the numbers always add up.
Reconciliation time
30 mins
Staff workload cut
50%
Construction firms
15,000+
See the industry page

Building Materials

Building materials suppliers send statements loaded with rebates, returns and credit notes, exactly the kind of detail that goes missing in a manual reconciliation. We match every line to your ledger and give credit where credit's due, so nothing gets missed and nothing gets overpaid.
Yearly transactions
300K+
Time saved
Weeks
Processed in real time
98%
See the industry page

Engineering

Engineering runs on tight tolerances, your supplier statements should be no different. Multi-project, multi-site work means statements arrive thick with retentions and variations across cost centres that don't always line up. We match every one against your ledger, whatever ERP you're running, COINS, IFS or otherwise, and catch what's off spec before it turns into a dispute.
Daily staff time savings
6 hrs
Time saved per 1,000 invoices
16 hrs
Query turnaround
‍
<24 hrs
See the industry page

Food & Beverage

Food and drink suppliers send statements just as fast as they send deliveries, and letting them pile up unreconciled is its own kind of spoilage. We match every line to your ledger as it lands, credit notes and rebates included, so nothing goes stale before it's dealt with.
Reconciliation time
30 mins
Document format
Any
Time to live
Weeks
See the industry page

Manufacturing

A growing supplier base shouldn't mean a growing reconciliation backlog. We match every statement line to your ledger automatically, credits for rejected batches included, so your AP team chases the exceptions that matter, not the ones already buried in a spreadsheet.
Countries live
20+
Staff hours saved
80
Faster project delivery
2-3 days
See the industry page

Medical & Pharmaceuticals

Healthcare suppliers deal in compliance as much as they deal in stock, and your reconciliation process needs the same discipline. We match every statement line to your ledger automatically, so a discrepancy doesn't get the chance to relapse next month. Every match comes with a complete, audit-ready record behind it.
Reconciliation time
50% less
Order processing time
Seconds
Staff workload cut
50%
See the industry page

Built to remove the manual work from reconciliation

Every statement, matched and cleared, automatically.

We do the loading, so you don't have to

We extract and load every supplier statement automatically. No manual sorting, no manual entry.

Checked, down to the last line

We capture the data and match it across every statement automatically, whatever the volume.

Discrepancies, found for you

We spot unmatched items the moment they appear, so you know exactly where to look.

Every action, ready for the auditor

Every email, every query, every match, timestamped automatically. A complete, SOX-compliant record, ready whenever you need it.

Auditors welcome

Give external auditors secure, read-only access, without adding to your workload or bill.

Debit and credit notes, handled the same way

We process debit notes and credit notes within the same workflow, with nothing separate to learn or manage.

We catch the rogue £25

A statement says £2,050. Your records say £2,025. We flag the difference before it becomes a duplicate payment.

Sound familiar?

Here's what AP teams tell us, over and over again.
Month-end takes over
Statement reconciliation can eat two or three days of your AP team's time, every single month.
The one that gets away
A duplicate payment or a missed credit can sit undetected in your ledger, until a supplier calls to point it out.
The pre-audit scramble
Auditors ask for transaction records, and your team has to reconstruct them by hand from spreadsheets and email trails.

Spot the hotspots before month end does

Real-time visibility means you don't have to wait for month-end to know where the problems are.

One dashboard, the whole picture

Everything you need in one place: what's reconciled, what isn't, and where accuracy is slipping. No digging, no separate reports.

See which suppliers need attention

Spot the suppliers falling behind on reconciliation, so you can sort it before it becomes a bigger job.

All case studies

Here's what our customers say...

50% reduction in processing time
"With 550 suppliers generating 1,300 statements and over 200,000 invoices each month, rapid processing is essential. This solution has been highly beneficial, we anticipate a 50% reduction in processing time, enhancing supplier relationships"
Rex Nye, Digital Director, NMBS
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3 weeks to 3o minutes
"Since implementing Open ECX's Statement Reconciliation, the time we've spent reconciling supplier statements has reduced significantly. What previously required three full days a week is now completed in half an hour."
Matthew Jarvis, IT Coordinator, Precon
main focus of case study
"Previously, we were manually ticking off each statement or performing VLOOKUPs in a spreadsheet to reconcile larger suppliers, which took a lot of valuable time. Now, Open ECX automatically reconciles any matching items to our ledger, and we only need to focus on any discrepancies."
Ryan Davies, Finance Manager, Direct Heating & Plumbing
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50% reduction in processing time
"With 550 suppliers generating 1,300 statements and over 200,000 invoices each month, rapid processing is essential. This solution has been highly beneficial, we anticipate a 50% reduction in processing time, enhancing supplier relationships"
Rex Nye, Digital Director, NMBS
Read story

Loves your existing ERP.
Set up in weeks, not months.

Don't see yours? Talk to us
Catch the discrepancy before it catches you
Missing invoices, duplicate payments, mismatches: the ones that would've cost you, found before they do.
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New Bailey Street
Salford
M3 5FS
United Kingdom

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