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Power Reconciliation

NCR's Invoice Reconciliation performs invoice matching and adjustments without the paperwork

Introducing NCR Power Reconciliation, an easy-to-use solution that automatically reconciles large volumes of invoices, receipts, and purchase orders. The system streamlines the invoice matching process for all types of invoices: product, freight, warehouse and DSD. The data can then be leveraged to measure and track supplier performance and to maintain an accurate cost of all goods. Ultimately, the data from NCR Power Reconciliation can help improve the single number that matters the most—your bottom line.

You can’t manage what you don’t measure, and you can’t improve what you don’t manage. Are you tracking the key accounting metrics that will help your business improve? Do you know your match rate for invoices? Or, how many labor hours you spend on reviewing, resolving and approving invoices? With NCR Power Reconciliation, managers can define tolerances by cost element and by vendor that will automate the matching invoices within tolerance, and automatically flag critical exceptions.  

Key Features:

 

  • Follows EDI standards for Advanced Shipping Notices (ASNs) and other documents
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  • Captures delivery discrepancies and updates inventory systems
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  • Interfaces with 3rd party general ledger systems for payment
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  • Supports invoices from multiple vendor types, including direct store delivery (DSD)
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  • Available as a stand-alone application or integrated Power HQ module

Benefits:

 

  • Save money by eliminating overpayments due to errors
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  • Speed up the Eliminate paper-based invoice matching
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  • Reduce administrative costs associated with invoice processing
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  • Monitor vendor performance in accurate billing and delivery