Squirrel AI: VendoBAL
VendoBAL – AI-Powered Vendor Balance Reconciliation
Ensure Accurate Vendor Payments & Prevent Financial Discrepancies
Vendor payment mismatches create financial risks, delays, and disputes. VendoBAL is an AI-driven vendor balance reconciliation tool that ensures error-free vendor payments by matching vendor statements with ERP records automatically.
Why use VendoBAL?
✅ 90% Less Manual Work: Automates vendor balance reconciliation, saving finance teams valuable time.
✅ AI-Powered Matching: Flags mismatches between vendor statements and ERP records.
✅ Multi-Format Statement Processing: Supports PDF, Excel, CSV, and direct vendor uploads.
✅ Direct Vendor Ledger Upload: Vendors can submit statements for auto-matching and reconciliation.
✅ Seamless ERP Integration: Works with SAP, Oracle, Microsoft Dynamics, and other ERPs.
How VendoBAL Works?
Automated Vendor Balance Matching
- Matches vendor-supplied balance statements with ERP transactions.
- Detects overpayments, underpayments, and missing invoices.
Discrepancy Alerts & Vendor Communication
- Flags mismatches automatically.
- Allows finance teams to send discrepancy reports to vendors.
Vendor Ledger Upload & Processing
- Vendors can upload their ledgers for direct reconciliation.
- AI processes ledger data and matches it with ERP records.
Approval Workflow & Audit-Ready Reports
- Maker-Checker workflow ensures controlled processing.
- Generates audit-compliant financial reports.