What are the challenges?

For many organizations, reconciliation is a time-consuming and error-prone challenge. Consider batch payments for multiple individual invoices, missing or incorrect payment references, payment statements sent separately, and the manual reconciliation of transactions. Research shows that 53% of companies are unable to automatically process at least half of their payments because of these issues.

How does the reconciliation process work?

The process consists of the following steps:

Who is this for?

4CEE Reconciliation is ideal for finance professionals who want to gain control over their payment processes. Whether you work with a single accounting system or a complex multi-ERP landscape, our technology helps you automate payment processing, speed up reconciliation, and immediately flag exceptions. This way, you maintain control over your financial processes.

Why choose 4CEE Reconciliation?

4CEE Reconciliation processes bank statements, extracts payment details, and automatically matches payments to open invoices. This process runs overnight, so a finance staff member only needs to review the exceptions.

From day one, the solution delivers what organizations expect: efficient processing, fewer errors, and greater insight. Thanks to its modular design, it scales with the organization and its existing IT landscape. The organization retains control, while 4CEE continues to innovate.

Toward a 100% match between payments and invoices.

By automating this process with our solution, organizations can save at least 40 hours per month when dealing with more than 20 bank statements and more than 100 payment details.

Learn more about the possibilities in the 4CEE Reconciliation product sheet.