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Accurate Statement Reconciliation without the Manual Effort. 

 The missing link in your AP process. Fully automated statement matching that integrates directly with your existing ledger. 

Open ECX Product shot

Statement Reconciliation without the complication

 

Start processing paperwork minus the papercuts. Our statement reconciliation software automates the heavy lifting—receiving and processing supplier statements while automatically matching every invoice and credit note.

Instead of hunting for errors, you only step in when it matters. We highlight the discrepancies for you, so you can query suppliers faster and leave the manual mess behind.

Your AP team gets more than just a tool; they get an intuitive dashboard with a real-time digital record of every statement. From the moment it hits your inbox to the final approval, you’ll have total visibility. And if the Auditors need to visit, you can give them access and be confident all is in order.

Why choose Open ECX for your e-invoicing?

Benefits You Can Measure

Open ECX_Efficiency - With Grad
Enhanced AP Team Productivity

Free your team from time-consuming manual tasks, allowing them to focus on higher-value activities.

Open ECX_Rapid Roll-out - With Grad
Faster Query
Resolution

Identify and resolve statement matching issues quickly with a fully integrated query management system.

Open ECX_Accuracy - With Grad
Enhance Supplier
Relationships

Driving ongoing efficiency and accuracy in the receipt and reconciliation of invoices, supporting Prompt Payment.

Open ECX_Visibility - With Grad
Comprehensive Visibility

Gain real-time insights into statement reconciliation progress, supplier performance, and overall financial health.

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Simplified Audits

Maintain a complete digital record of all transactions, facilitating seamless audits and ensuring SOX compliance.

Open ECX_Seamless Integration V2 - With Grad
Data-Driven Decision-Making

View statement health and supplier accuracy, empowering data-driven decisions and optimisation of your P2P process.

Key features of Open ECX Statement Reconciliation 

Automate your statement reconciliation with these powerful features, and unlock a faster, more accurate P2P process:

Statement Reconciliation - Automated Statement Extraction & Loading
Automated Statement Extraction and Loading

Say goodbye to manual data entry. Open ECX automates the capture and processing of supplier statements, eliminating the need for manual sorting and data entry.

Statement Reconciliation - Effortless and Matching
Effortless Capture and Matching

Data is correlated across multiple statements, eliminating time-consuming manual comparisons, driving accuracy and efficiency.

Statement Reconciliation - Streamlined Discrepancy Management
Streamlined Discrepancy Management

Identify and address unmatched items quickly and easily, resolving discrepancies faster.

Statement Reconciliation - Detailed Audit Trails
Detailed Audit Trails

Maintain a comprehensive, SOX-compliant audit trail of all transactions, providing transparency and accountability.

Statement Reconciliation - External Auditor Access
External Auditor Access

Grant secure access to external auditors, simplifying the audit process and reducing associated costs.

Statement Reconciliation - Debit Note Support
Debit Note Support

Efficiently manage and process debit notes within the same streamlined workflow.

Statement Reconciliation - Intuitive Dashboards
Intuitive Dashboards

Get a real-time overview of your supplier statement reconciliation progress with clear, actionable insights.

Statement Reconciliation - Track Supplier Performance
Track Supplier Performance

Identify trends and potential issues with supplier accuracy, fostering stronger relationships.

What Our Customers Say

NG Bailey

Rhiannon Lucas

Project Transaction Manager
“With Open ECX we’ve seen efficiency savings, speeding up of processes and improved accuracy, whilst building great relationships with our suppliers."
SIG

Kelly Fletcher

AP Manager
"The relationships we’re now building with our suppliers are better thanks to Open ECX, and for us, that is the biggest benefit of the solution."
Grundfos

Leo Lui

eCommerce Consultant
“Do we consider Open ECX a trusted partner? Obviously. Not only for ourselves, but also for our customers – everything just goes a little bit faster.”
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Paul Burton

Digital Adoption Manager
“We’ve built a really strong relationship with Open ECX. The team is approachable, highly skilled, and proactive, keeping us updated every step of the way."
farrans

Richard McDermott

Assistant Accountant
“We’ve seen a reduction of 6 days in our payment processing time, despite no increase in staff numbers and an increase in the number of invoices processed.”
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Lee Carmichael

Group Director of Finance
"It previously took 15 minutes to process one document into our Sage system. Now with Open ECX, it takes a minute, so the efficiencies there are massive.”
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Charles Pearce

Strategic Finance Director
“Implementing Open ECX's solutions has been a smooth process, enabling direct integration with our K8 ERP without any impact to our suppliers or customers."
Tim Thompson

Tim Thompson

Operations Director
"The integration with our ERP system, Microsoft Dynamics AX, has been seamless. Open ECX ensures each order is validated upon entry, providing accuracy before it reaches our internal systems. This has not only improved data integrity but also positioned us to adapt quickly to future growth, customer demands, and changes in the supply chain."

Speak to one of our an e-invoicing experts today

If you want to find out more and are ready to meet the mandate ahead of 2029, there is no time like the present.

Automate ahead and leave the spreadsheet for dead.

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