Symptoms
- Delayed supplier payments and disputes
- High manual effort for invoice matching
- Lack of confidence in month-end financial reporting
Root Causes
- Inconsistent data formatting from suppliers
- Absence of automated three-way matching (PO, GRN, Invoice)
- Manual processing of complex commission structures
VirtualstockERPAccounts Payable
Impact: Strained supplier relationships, increased finance team overhead, and exposure to financial inaccuracies that can affect commercial decision making. The team papers over it until peak.
Cogent Approach: We design robust financial reconciliation workflows, leveraging Virtualstock data, automating invoice matching, and establishing clear processes for dispute resolution. This reduces manual effort and improves financial accuracy.