Automated SAP Vendor Invoice Reconciliation with Alteryx Intelligence Suite

In this short demo you will learn how the Alteryx Intelligence Suite and DVW Alteryx Connector for SAP can be used to streamline and accelerate the highly labour-intensive process of Vendor Invoice Reconciliation.

Highlights

• Automated reconciliation saves time and reduces errors.
• Integration with SAP simplifies document management.
• Alteryx tools extract and analyze data from PDFs effectively.
• Workflow customization allows for dynamic document selection.
• Field-by-field comparison ensures accuracy in reconciliations.
• Insights into mismatched vendor information enhance audit processes.
• The DVW reconciliation tool provides detailed error reporting.

Key Insights

• Efficiency Gains: Automating the reconciliation process significantly reduces the time traditionally spent on manual checks, allowing auditors to focus on more strategic tasks.
• Seamless SAP Integration: The DVW Analytics connector provides a direct link to SAP, facilitating smooth data extraction and management of vendor invoices.
• Advanced Document Analysis: The Intelligence Suite’s tools enable detailed interrogation of PDF documents, allowing for precise data extraction that enhances the overall reconciliation process.
• Dynamic Workflow Creation: Users can create workflows that adapt to varying needs, such as selecting random document samples for auditing, making the process more flexible.
• Accuracy Assurance: The ability to perform field-by-field comparisons between extracted data and SAP postings ensures high accuracy in reconciliations, minimizing discrepancies.
• Error Identification: The system highlights mismatches in vendor information, allowing for quick identification and rectification of errors, enhancing the integrity of financial records.
• Comprehensive Reporting: The outputs from the reconciliation tool provide valuable insights into the reconciliation process, identifying both successful matches and areas needing investigation.

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