GoComet Invoice Reconciliation

The GoComet Invoice Reconciliation module streamlines the process of invoice management and enhances accuracy, resulting in cost savings. Research in the industry indicates that the manual processing of invoices can be time-consuming and expensive, with each invoice costing approximately $5 to $12 to process. Our automated reconciliation system compares the freight invoice with the initial agreed quotation promptly, highlighting any inconsistencies to the vendor. The vendor is given the opportunity to upload a revised invoice or provide supporting documents to justify the discrepancies. This process ensures that the invoice is error-free before being forwarded to your team for approval, preventing costly mistakes such as duplicate payments or overpayments. Additionally, the system allows for faster approvals and payment cycles. Equipped with Optical Character Recognition technology, the module is capable of contextual matching, further guaranteeing accurate invoice processing. By implementing the GoComet system, businesses can save up to 76% of the time spent on manual invoice processing, while also achieving significant cost savings.