ReconMaster
ReconMaster - Recon Bot
Manual creditor statement reconciliation is slow, error-prone, and lacks transparency—leading to payment delays, financial inaccuracies, and compliance risks. Firtech’s ReconBot transforms this critical Procure-to-Pay process with intelligent automation, ensuring precision and efficiency.
Why Reconciliation Automation Matters
Accurate reconciliation—identifying amounts owed, accruing liabilities, verifying transactions, and applying discounts—is key, but manual processes fall short. They’re slow and error-prone. Automation changes that.
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Speed and Efficiency: Process data instantly, meeting deadlines with real-time accruals.
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Precision and Accuracy: Eliminate errors in verifying transactions, keeping your ledger flawless.
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Cost Savings: Apply discounts automatically, boosting your bottom line.
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Scalability: Handle growing volumes effortlessly as your business expands.
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ReconBot delivers a fast, accurate, scalable solution, freeing your team to focus on priorities.
How FIRtech's ReconBot Works
ReconBot automates the entire workflow with cutting-edge technology:
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Statement Collection: Automatically retrieves supplier statements from emails or uploads.
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Data Extraction: Extracts key details (invoices, dates, amounts) using advanced AI.
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ERP Matching: Matches data against your ERP records, flagging discrepancies.
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Exception Handling: Routes anomalies to a user-friendly interface for resolution.
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Accrual Proposals: Suggests accruals for unmatched but approved items.
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Reporting & Visibility: Delivers insights and audit trails via detailed logs and dashboards.
Seamless Integration
Connects effortlessly with your ERP system, ensuring a smooth and reliable data flow tailored to your existing infrastructure.
Advanced Automation
Powered by cutting-edge AI and robust frameworks for exceptional reliability, delivering consistent performance even with complex workflows.
Scalable Design
Fits businesses of all sizes and industries, offering a versatile solution that adapts and grows with your unique operational needs.
Proactive Assistance
Our team provides ongoing, hands-on support to optimize your reconciliation process and address challenges with tailored expertise.
How FIRtech's ReconBot Works
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Save Time: Automate repetitive tasks to focus on what matters.
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Boost Accuracy: Reduce errors with AI-driven matching and validation.
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Speed Up Month-End: Real-time accrual suggestions accelerate closing.
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Stay Compliant: Maintain audit-ready records with full traceability.
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Enhance Supplier Relations: Minimize disputes with timely, accurate payments.
Request a Demo
Curious about FIRTech's Recon Bot solution? Schedule a demo with our team today. We’re here to showcase how our Reconciliation Bot can optimize your business processes.