Audit Solutions

Statement Reconciliation

Turn vendor statements into recovery opportunities

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The challenge

In-house reconciliation drains resources and leaves credits behind. Each year, we work with 250K+ suppliers to uncover credits, clear unjustified invoices, and settle unapplied notes — without exerting your team.

2.3X

Above benchmark recovery amounts

€2.6M

Recoveries found across 200+ vendors

89%

Response rate achieved across 1.5K suppliers

Global technical services provider with €15B+ in annual revenue.

Protect vendor trust

Supplier relationships are prioritized with a collaborative approach to ensure vendors remain partners throughout the reconciliation process.

Locate overlooked credits

We reveal credits on vendor statements that aren’t visible in your records, netting you promotional allowances and unapplied payments.

Settle the balance

Once we’ve identified the open credits, we recover your missed profits and correct any discrepancies between outstanding and unknown balances.

Mitigate what’s ahead

Leverage personalized dashboards with visibility into all reconciliation items, plus targeted recommendations to stop similar issues from recurring.

Typical breakdown of root causes

Unapplied credits from returns or disputes​
Duplicate payments or unused credits unclaimed​
Rebates or discounts missed​

“SpendLab found items that my internal audit, existing tooling, and automation software all failed to find”

Fortune 200 industrial company with €20B+ in revenue

Frequently Asked Questions