Statement Reconciliation Services
Our automated statement reconciliation services use the latest robotic process automation (RPA) technology to perform and execute this task in a quick and efficient manner every single time. SPS's cloud-based software robots provide a reliable digital workforce that works 24/7 to provide account statement reconciliation data that is ready for your team to act on.
They can complete the lengthy, laborious data validation jobs that nobody else wants to do, virtually working alongside your team to save valuable time as well as allowing them to focus on other key finance tasks that are more value-added. Tasks are performed in a logical, consistent manner, and a full audit trail is available should you need it.
If you would like further information about our statement reconciliation services, give us a call today on 0800 046 8081.
Our Statement Reconciliation Process
Our statement reconciliation service compares two sets of finance-related records to ensure they match. It’s also designed to identify issues and provide clients with the information needed to resolve any discrepancies found, but how is this done at SPS?
01 Process Consultancy
Our team will work with you to identify your existing statement reconciliation process and support you in mapping out your automation requirements.
02 Development of Automated Statement Reconciliation Process
Our RPA consultants set up robots to perform in a way that meets your requirements, with the ability to do two- or three-way matching.
03 Statement and Ledger Comparisons are Drawn
Statements are compared against the ledger and other data feeds when required, reducing manual tasks that are normally carried out by your staff.
04 Data Validation
Data will then be validated in line with your organisation's rules.
05 Data Matching
Once matched, robots can provide a spreadsheet containing detailed exceptions, including information such as phone numbers, invoice amounts, supplier names, etc.
06 Reconciliaion Data Provided
The spreadsheet containing your reconciled data will be shared with your finance team so that action can be taken, with reconciliation codes indicating status and actions to be taken, such as MAI, MIE, FAR and more.
Our team will work with you to identify your existing statement reconciliation process and support you in mapping out your automation requirements.
Our RPA consultants set up robots to perform in a way that meets your requirements, with the ability to do two- or three-way matching.
Statements are compared against the ledger and other data feeds when required, reducing manual tasks that are normally carried out by your staff.
Data will then be validated in line with your organisation's rules.
Once matched, robots can provide a spreadsheet containing detailed exceptions, including information such as phone numbers, invoice amounts, supplier names, etc.
The spreadsheet containing your reconciled data will be shared with your finance team so that action can be taken, with reconciliation codes indicating status and actions to be taken, such as MAI, MIE, FAR and more.
Automated Statement Reconciliation
There are many benefits associated with statement reconciliation services from SPS, including:
Accredited and Trusted
Why Choose SPS?
There are multiple reasons as to why you should choose SPS for automated statement reconciliation:-
Experience - We have a wealth of industry experience to draw upon, enabling us to deliver expert, bespoke solutions to meet your needs.
Accredited - We’re self-certified for PCI compliance, and accredited for Legal Admissibility of Electronic Information, Cyber Essentials Plus, Information Security and Quality Management Systems.
Security - Our facility is safe and secure, equipped with the latest technology to safeguard your information throughout its lifecycle, even upon destruction.
IT Infrastructure - Secure Microsoft Azure Hosting.
Customer Service - We’re proud to deliver unrivalled customer service when you choose us for statement reconciliation.
Trusted by 10,000+ Companies
Contact our team to discuss your requirements
For further details call 0800 046 8081 today or contact us!
Strategic Technology Providers
At SPS, we work alongside some of the world’s leading technology specialists to deliver intelligent automation at scale. Our technology providers include Tungsten Automation (formerly Kofax), Microsoft, and UiPath, which give us access to best-in-class platforms for document intelligence, cloud automation, and robotic process automation.
By combining deep knowledge across many sectors with cutting-edge technologies, we help clients streamline operations, improve accuracy, and unlock measurable ROI.
We remain platform-neutral, focused on aligning the right technology with your specific goals. Whether it’s low-code automation, AI-powered document processing, or scalable cloud-based solutions, our team is here to guide you with clarity and confidence.
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SPS has invested in IT infrastructure and cybersecurity
This ensures robust protection for client data and seamless service delivery. Our security framework is built on best-in-class technologies and independently verified standards, including:
Cyber Essentials and Cyber Essentials Plus certifications.
Securing a locked server room.
Microsoft Azure Data Centre.
CrowdStrike for endpoint detection and response.
External SIEM solution managed by Netitude, a UK-based Security Operations Centre (SOC).
Privileged Access Management (PAM) solution to enhance our security measures.
Case Studies
Read our case studies to find out more...
Need some more info?
Read our frequently asked questions, or contact our team on 0800 046 8081.
What we do
We offer physical and digital document services and solutions with AI powered processing including:-
