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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

FlexTrap is a cloud-based platform that leverages artificial intelligence to enhance payment accuracy and automate accounts payable processes, enabling finance teams to avoid payment mistakes, identify inconsistencies, and streamline the reconciliation of supplier statements, thereby minimizing financial losses and boosting operational efficiency. The system employs over 300 validation checks and machine learning techniques to continuously scrutinize invoices and accounts payable transactions, proactively identifying potential issues like duplicate payments, incorrect vendor payments, and unclaimed credits, while providing real-time alerts and insights for immediate corrective measures by accounts payable professionals. Furthermore, it transforms the traditionally tedious and labor-intensive task of supplier statement reconciliation through AI-driven data capture and intelligent matching with accounts payable records, resulting in a rapid and scalable workflow that not only captures open credits but also enhances supplier engagement and management. This innovative approach significantly reduces the time and resources typically required for manual reconciliation, allowing finance teams to focus on strategic initiatives. Ultimately, FlexTrap empowers organizations to maintain tighter financial control and build better relationships with their suppliers.

Description

Regardless of your level of expertise in managing the reconciliation of critical data within your organization, you are likely to encounter intricate obstacles—excessive data volume, time constraints, and numerous manual procedures. Frequently, ineffective workflows and insufficient visibility hinder your team's progress, severely restricting the application of reconciliation data across different business sectors. ReconNET effectively addresses these issues, enabling your finance department to save valuable time, minimize financial risks, and enhance its overall contribution to your organization. Our software, designed for high-volume transactions and matching, automates more than 90% of daily, monthly, and periodic reconciliation processes while simultaneously lowering related costs and risks. With our support, you can significantly reduce data-entry mistakes and processing inefficiencies, streamline manual operations, and strengthen your internal controls for improved accuracy and effectiveness. Embracing such innovative solutions can lead to a more efficient and reliable reconciliation process, ultimately benefiting your entire organization.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Trintech No 

Integrations

Trintech Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial Yes 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App Yes 
iPad App Yes 
Android App Yes 
Windows Yes 
Mac Yes 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) Yes 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Vendor Details

Company Name

FlexTecs

Country

United States

Website

flextrap.flextecs.com

Vendor Details

Company Name

Trintech

Country

United States

Website

www.trintech.com/targeted-tools/reconnet/

Product Features

Product Features

Alternatives

Alternatives

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