Vendor Accrual Confirmation

Request accrual confirmations autonomously to ensure the completeness & timely collection of your unbilled expenses. Review & manage vendor responses in the Gappify Accrual Cloud for robust analysis and generate SOX-compliant journal entries for your selection & autonomous entry into your ERP system.

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Vendor Accrual Confirmation

Accelerate Accrual Cycles with Automation and End-to-end Visibility

Gappify autonomously requests unbilled expenses from your vendors to quicken your accounting team’s close process. Responses and other relevant accrual related data are logged and stored in the Gappify Accrual Cloud to view against prior period accruals and default/liability accounts for robust flux/analysis and trend review. SOX-compliant journal entries are generated within the Gappify Accrual Cloud for your selection. Approved accrual entry JEs are then auto-posted into your ERP system.

benefits:

On a set cadence, autonomously request unbilled expenses from 100% of your vendors to eliminate manual outreach, data collection and entry.
Aggregate responses in one centralized platform for a holistic view of your workflow.
Automatically follow up with vendors who are unresponsive.
Log and track all activity in a central platform for a high degree of auditability - strengthening your compliance initiatives.

business value:

Shorten accrual cycles and get valuable financial data faster.
Improve visibility and reporting of accrual activities to strengthen SOX-compliance.
Focus your accounting team on analysis, review, and other high value activities.
Get more work done without added effort or headcount.

“Gappify has allowed us to scale our AP, FP&A and accounting functions in a way that didn’t require us to throw additional bodies at the problem.”

“By leveraging Gappify’s Accrual Cloud,we were able to automate these tedious, repetitive tasks and ultimately reduce our close timeline by 6 days.”

“In an era of new business models and changing accounting standards, accounting professionals need automation so that they can deliver fast, correct and smooth close processes. Gappify equips finance staff to keep pace with the speed of business, and enable finance transformation in an era of increasing complexity."

“Gappify is a cornerstone of our close management tech stack. They are pioneers in automated vendor accruals (which they execute perfectly!) and continue to add value through their innovative new features, including PO compliance monitoring and vendor spend insights."

Open PO Review

Automate outreach to your internal business partners to match expenses against open PO balances in real-time. Allow Gappify to do labor-intensive tasks such as sending emails, collecting responses, aggregating expense data, and recording JEs.

Gappify Accrual Cloud

Manage your entire accrual process in a single platform. Automate vendor and PO owner expense requests. Compare current month accruals with prior period actuals, creating a holistic view of your spend. Post SOX-compliant transactions, and perform analytical & trend reviews for accuracy & completeness.

Next Steps

Questions about how Gappify can help with your Vendor Accrual Confirmation process?

Vendor Accrual Confirmation

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