FLEXTRAP | AP ASSURANCE PLATFORM | STATEMENT MONITORING + RECONCILIATION MODULE
Make supplier statement headaches a thing of the past with FlexTrap.
FlexTrap’s Statement Monitoring and Reconciliation module simplifies the statement management life cycle, enabling AP teams to automate tedious tasks, expand supplier coverage, and capture open credits faster and more efficiently.
Automated Supplier Outreach
Expand supplier coverage and capture more unclaimed value with less work.
Intelligent Statement Reconciliation
Complete reconciliations with greater accuracy in a fraction of the time.
Customizable Statement Alerts
Improve visibility into open credits, non-compliant suppliers, and more.
Unburden your AP team, expand supplier coverage, and enhance efficiency.
Whether you’re looking to reduce reliance on third-party auditors, amplify current internal processes, or simply establish a formal statement review process, FlexTrap can help…
Make identifying and recovering the open credits you’re owed fast and easy.
Make identifying and recovering the open credits you’re owed fast and easy. With FlexTrap’s statement module, capturing open credits is simplified using proprietary technology to automate previous manual processes.
Complete more supplier statement reconciliations in less time.
Using the latest AI technology, FlexTrap automates much of the supplier statement reconciliation process and simplifies the rest.
Automate what you can within the statement management lifecycle.
✓ Automated supplier outreach, statement, and credit requests (customizable request cadence) of 100% of your supplier base
✓ Automated inbound statement routing workflows reduce back-and-forth with suppliers
✓ Automated statement matching streamlines and simplifies account reconciliation
Resource Constraints? We can help.
In an environment as complex as yours, complete automation is often impractical. Our team of global resources can help close the gap so you stay focused on higher priorities.
FlexTrap is the lean AP Assurance platform that finance departments turn to when they need to catch payment errors, drive continuous improvement, and reduce the risk of financial leakage.
Payment Accuracy Module
Statement Monitoring + Reconciliation Module
30% +
Value lost when you use 3rd Party AP auditors (contingency fees + uncollectible aged credits)
90% +
Average supplier coverage with FlexTrap Statement Credit Capture
60% +
Less time required to complete supplier statement reconciliations
How It Works
In 30 days or less, you can automate up to 90% of the statement management lifecycle AND increase your supplier coverage.
01.
Tell us your goals and your pain points.
This will help us understand if FlexTrap is a fit for you AND how we can customize it to fit your needs.
02.
See how FlexTrap will work in your company risk-free.
With a 30-minute demo or a free Proof of Concept, you can see how FlexTrap works in your environment (with no involvement from your IT department). We’ll show you the tangible efficiency gains with zero risk.
03.
Get up and running in 30 days or less.
Fast and frictionless onboarding with minimal IT time and training. Our team works alongside your team to continuously refine results and fine-tune to your environment.
04.
Start capturing open credits and reconciling statements without the need for costly 3rd party AP audits.
FlexTrap’s automated supplier outreach, statement requests, statement matching, and reconciliation get you out of the weeds of statement review and onto instantly capturing unclaimed value.
With FlexTrap’s Statement Module, you get intelligent automation delivered with premium service.
Flexible delivery and meeting you where you’re at
You choose to do it yourself or FlexTecs can run the tool and process for you.
Fast, frictionless onboarding
Get up and running in 30 days or less.
No more time sifting
Spend no more time sifting through the dreaded pile of supplier statements.
Minimal time and effort
Maximize efficiency, minimize effort, and deliver more value.
Highly customizable features
FlexTrap tailors to your environment and ways of working.
Access expertise and in-house support 24/7
From our global delivery team and seasoned recovery audit experts.
Zero Risk Proof of Concept
We’ll show you what FlexTrap is able to find before you sign any contract with us. If you’re not convinced, you can walk away.
Requires MINIMAL IT involvement
We can handle onboarding with our in-house IT team, so you don’t have to bother yours.
No regrets pricing
Our risk-free proof of concept and flexible pricing models ensure FlexTrap has verifiable ROI and is a “no regrets” decision.
The transaction data used in FlexTrap is stripped of any value to hackers. Even still, we make your data security a priority. It is processed and managed in our secure, private cloud.
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