Source: https://tendernation.io/opportunities/01a13bb5-2f05-70b1-bce4-8eb234f81a56/automatic-statement-reconciliation-software

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# Automatic Statement Reconciliation Software

[Stoke-on-Trent City Council](https://tendernation.io/buyers/stoke-on-trent-city-council)

Estimated value

Not stated

Published

10 Feb 2025

Deadline

Rolling deadline

## Who can bid

- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

## About this tender

Stoke-on-Trent City Council is exploring the procurement of an Automatic Statement Reconciliation Software to support financial operations by improving accuracy, efficiency, and automation in reconciling various financial statements, including bank transactions, supplier statements, and internal ledger records.

- Automate reconciliation processes, reducing manual effort and improving data accuracy.
- Identify discrepancies and exceptions dynamically, with built-in error handling.
- Utilise AI-driven or rule-based transaction matching to enhance financial control.
- Assist in the discovery of hidden credit notes to maximise cost recovery.
- Provide tracking functionality to monitor whether identified issues, such as missing invoices or reconciliation discrepancies, have been resolved.
- Offer compatibility with widely used ERP and finance management solutions, such as SAP Public Cloud and Civica, allowing for data extraction or integration where feasible.
- Support compliance with financial regulations and reporting standards applicable in the UK public sector.
- Provide an intuitive interface with real-time reporting and analytics for financial oversight.

## CPV classification

Financial analysis software packageFinancial analysis and accounting software package

Source

Find a Tender (UK) · Notice ocds-h6vhtk-04dd49-2025-02-10T14:45:20Z

[View official notice ](https://www.find-tender.service.gov.uk/Notice/ocds-h6vhtk-04dd49-2025-02-10T14:45:20Z)

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