Vendor Statement Reconciliations in SAP – find out more about BEST

Vendor Statement Reconciliations in SAP

BEST Happenings

  • The BEST Client base has grown by over 18% thus far in 2018 – expanding our clients footprint to Swaziland.
  • We welcome new clients since our last Newsletter update in March: McDonalds, Northam Platinum, Royal Swaziland Sugar Corporation and Masscash.
  • For a demonstration on new functionality please contact us –we can also assist with a free Business Case!
  • If you know a company who can benefit from BEST – please let us know: [email protected]

Reconciliation Support

  • Do you need additional AP support? BEST provides an Accounts Payable reconciliation support service by experienced accountants who perform monthly supplier reconciliations in your BEST system
  • Reconciliations are completed timeously on statements received. BEST automatches and accountants review and perform manual matches where required. There conciliations are submitted to clients for final approval with queries requiring action noted.
  • Monthly targets are set and reported against.
  • We service a few clients and receive excellent feedback. A dramatic decrease in the ageing liability has been shown over a 6 month period.
  • If you would like to find out more about our reconciliation support service and customising a solution to your needs–please contact us: [email protected]

BEST Health Checks

  • Are you getting high automated matching rates in BEST -90% plus?
  • Are you loading statements into BEST quickly and efficiently via automated reading or uploads?
  • Are you saving time in your AP reconciliation process and focusing on issue/query resolution?
  • Are you improving your AP communication with suppliers with automated reminders/ messaging?
  • Is your AP supplier reconciliation process better managed and using the latest reporting available?
  • Are you saving money due to automation and less paper handling?
  • BEST offers free Health Check reviews to assess utilisation and opportunities for improvement. If you are due a Health Check please contact us [email protected]

BEST Development

  • BEST constantly improves our products and the new Support Pack Release 4 Support Pack 3 delivers a host of improvements and fixes.
  • 6 New Features, 8Enhancements, 6 Fixes to be exact!
  • Reminder that BEST is certified for S/4Hana 1610. This means that any of our clients who are moving onto the S/4Hana 1610 platform will be catered for once upgraded to R4SP00. BEST is also S/4Hana 1511 certified as of R3SP00.
  • BEST certification for SAP NetWeaver 740 means we have a single product for all SAP platforms.
  • Please see the attached Support Pack detail and let us know if you can benefit or need our assistance given a planned SAP upgrade [email protected]

Read about BEST happenings, services and new development with Vendor Statement Reconciliations in SAP.

Download the Full Newsletter for September 2018 here

Download BEST Release Notes for Release 4 – Support pack 3 here