Klippa DocHorizon

Automated Statement Reconciliation for Accounts Payable

Automate data extraction, validation, and matching to ensure accurate and efficient reconciliation of supplier statements, invoices, and payments.
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Trusted by 1000+ brands worldwide

CHALLENGES

The Challenges of Statement Reconciliation

Reconciliation in accounts payable shouldn’t be this frustrating. Yet, the constant juggling of supplier statements, invoices, and payments paired with manual processes often lead to delays, errors, and strained supplier relationships. It’s a drain on time, accuracy, and trust due to the following challenges:
Document overload: A high influx of supplier statements and invoices makes manual reconciliation error-prone and slow.
Inconsistent data formats: Statements and invoices come in diverse formats complicating data extraction and verification.
Manual errors:  Manual statement matching increases the risk of errors, leading to discrepancies and missed payments.
Fraud risks: Altered payment records or duplicate invoices can become problematic when manually verifying statements.

How Klippa Automates Statement Reconciliation

Klippa’s Intelligent Document Processing platform streamlines supplier statement reconciliation by automating essential tasks with advanced AI and OCR technology. It transforms images into spreadsheets, eliminating the need for Excel expertise and simplifying workflows.

Real-time data capture

Leverage our mobile document scanning SDK for real-time data capture.

Document fraud detection

Automatically detect fraudulent documents and prevent duplicate payments.

Two-way
matching

Match invoices with statements and payments to ensure accurate statement reconciliation.

Human & AI automation

Combine human review with automation to achieve precision and high efficiency in reconciliation processes.

Seamless document workflows

From supplier statements to invoices, you can streamline statement matching and create a workflow that suits your need.

The Benefits of Automated Statement Reconciliation

Klippa removes the headaches from statement reconciliation, enabling accounts payable teams to focus on what matters most; ensuring accurate records and maintaining supplier trust.

Faster reconciliation

Reduce processing times by automating data extraction, matching and validation.

Enhanced fraud detection

Identify duplicate invoices or fraudulent documents and entries with advanced AI algorithms.

Improved accuracy

AI-powered data extraction and validation minimize errors, ensuring accurate and consistent results.

Stronger supplier relationships 

Ensure timely payments and accurate records to build trust with suppliers for better relationships.
KEY FEATURES

Why Choose Klippa As Your Solution

Klippa provides advanced automation features to deliver accurate, structured data quickly and reliably. From invoices and financial statements to digital inputs like emails, any process can be automated with ease.

  • Reach 99% accuracy

    Experience unparalleled accuracy in data capture, ensuring every field is recorded correctly.

  • AI-powered OCR

    We leverage the power of AI to enhance OCR capabilities, making document processing smarter and faster.

  • Wide document support

    Our Document OCR supports various documents in 150+ languages ensuring versatility and flexibility.

  • Seamless integration

    With a comprehensive documentation you can implement our OCR via API or SDK within 24 hours.

  • No code platform

    Build custom workflows, configure processes, and digitize files without technical coding expertise.

  • 20+ formats supported

    We support JSON, CSV, PDF, XML, XLS, XLSX, UBL, PNG, TIFF, DOC, DOCX, JPG, and many more.

  • Multi-page processing

    Upload multi-page documents to ensure scalable, efficient, and accurate document processing workflow.

  • Ensured data protection

    At Klippa, we ensure that our solutions process documents in full compliance with regulatory standards.

Frequently Asked Questions

How does Klippa extract data from documents?
Can Klippa process handwritten documents?
Which document types are supported?  
Which languages are supported by Klippa?
What are the costs of using Klippa?
How accurate is Klippa?
How can I implement Klippa’s solutions?
What does the OCR response look like?
Can I test your platform before committing?
Does Klippa store processed data? 
  • ✓ Secure
  • ✓ Compliant
  • ✓ Protected
  • ✓ Hosted in EU
  • ✓ Trusted

Transform your statement reconciliation processes with automation swiftly.

A demo with our expert showcases how Klippa’s IDP solutions can optimize your reconciliation workflows.
Book a demo