Yoga for FSM simplifies statement reconciliation by centralizing vendor statement review, line matching, and vendor communication in a single, streamlined workflow.
In the demo below, Senior Developer Paul Bridgden walks through how Yoga’s Statement Reconciliation feature provides a workload overview through summary cards, displaying statements by review status, reconciled count, disputes, and matched amounts.
As statements are opened, Yoga automatically matches each line against AP records, flagging confirmed matches with direct links to source documents and surfacing unmatched lines for resolution. From any row, AP teams can accrue, match, or ignore in a single click—and a built-in research tool allows for quick lookup by invoice number, amount, PO, or payment when a closer look is needed.
For lines that can’t be reconciled internally, Yoga enables direct vendor outreach without leaving the statement by auto-generating a pre-populated email with a full status table for each line. This email can be can be fully customized to your liking before being sent out.
By replacing manual cross-referencing and email chains with automated matching and integrated vendor communication, organizations can reduce time spent on reconciliation and improve accuracy. Ultimately this new feature gives AP teams a clear view of every statement from intake to resolution.
Click below to see Yoga’s Statement Reconciliation feature in action.
Transcript
Paul Brigden
With Yoga’s Statements feature, managing your statements is effortless. At the top, summary cards give you an instant overview of your workload. How many statements need review, how many are reconciled, and any that are disputed, along with matched lines and amounts. Below, each statement is organized by status, vendor, and age, with filters on every column, so you can find exactly what needs attention.
Open a statement and you have everything you need to work it in one place. At the top, the statement form captures the vendor, the statement date, and account number, and a status check tells you exactly where things stand, from needs vendor to reconciled.
Below, each line is matched against your AP records automatically. Yoga flags matches with a green check that links straight to the source document and surfaces unmatched lines.
From any row you can accrue, match, ignore in a single click. And if a line needs a closer look, the built in research tool searches your AP by invoice number, amount, PO, and payments, so you can easily find or confirm the right match. In this case, an invoice was found with the with a matching invoice number.
When a line can’t be found in AP, reaching out is simple. Just email the vendor directly from the statement. Yoga creates an email to send, including a table with the current status of each line. The wording of the email can be adjusted before sending it out.
