Supplier statement reconciliation automation checks supplier's statements against your own purchase ledger, line by line, to catch missing invoices, duplicate payments and credits you're owed.
17,000+ businesses already reconcile with us.
Four guides that cover what statement reconciliation is, how it works, and why it's worth automating.
We define the term, who does it and when it happens. Start here if the concept is new to you.
We walk through the six-step matching process, from raw statement to resolved exceptions, with a worked example.
We break down why a £60k headcount at 3% margin equals the profit on a £2m project, and what automation gets back.
Coming soon
We compare eight tools side by side, with a straight answer on who each one suits.
50% reduction
Anticipated reconciliation processing time, NMBS
"This solution has been highly beneficial - we anticipate a 50% reduction in processing time, enhancing supplier relationships, and supporting Prompt Payment."
Rex Nye, Digital Director, NMBS
550 suppliers · 1,300 statements · 200,000+ invoices a month
6 hours a day
Staff time saved, Direct Heating & Plumbing
"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
Four guides for the questions that come up once reconciliation is already on the agenda.
Coming soon
We untangle two processes finance teams mix up constantly, and show where one ends and the other begins.
Coming soon
We cover SAP, Oracle, NetSuite, Dynamics, Sage and Infor. No disruption, no lengthy integration project.
We cover missing statements, opening balance mismatches and GRNI build-up. Ten problems, ten fixes.
Coming soon
We show you the cash sitting in your supply chain that reconciliation brings back.
get the e-book
Reconciliation and e-invoicing are two sides of the same ledger. Get the full breakdown in our blogs, or grab the ebook for the long read.
Three guides for teams reconciling at volume, or getting ready for an audit.
Gated
Everything your team checks on every statement, in one download.
Coming soon
We explain what changes at 500+ statements a month, and why manual reconciliation stops scaling in a straight line.
Fact-checked
We cover audit trails, read-only auditor access and the control evidence a SOX review asks for.
Live webinar — week commencing 23 November 2026
Thirty minutes with our product team on what's changing, what to check first, and where reconciliation fits into mandate readiness.
The same reconciliation logic, shaped to how your industry works.
High transaction volumes and tight supplier terms, kept in check automatically.
Thousands of line items a month, matched without the manual chase.
Statements from every supplier, reconciled the same way every time.
Multi-entity ERPs, retentions and subcontractor statements, all reconciled the same way.
Book a demo and we'll show you exactly how it fits your ERP, your suppliers and your month end.
It's the process of comparing a supplier's statement against your own purchase ledger to confirm every invoice, payment and credit lines up. We flag anything that doesn't as a discrepancy to resolve.
Monthly is the common baseline, though high-volume suppliers often get reconciled weekly. Automation makes the frequency a setting, not a staffing decision.
Only if you're SEC-registered or a subsidiary of a US-listed parent whose results roll into that parent's accounts. Most UK private companies sit outside SOX's direct scope, though the same control discipline still pays off ahead of an audit or an exit.
Matching, flagging and reporting can run automatically. Exceptions still go to a person, which is exactly where the time should go.
Invoice matching checks one invoice against a PO and a goods receipt before payment. Statement reconciliation checks the supplier's whole statement against your ledger after the fact. One stops errors, the other catches what got through.
