FlexTecs has expanded its FlexTrap platform to include supplier statement reconciliation, furthering its ability to detect, prevent and reconcile payment discrepancies, the recovery audit company announced.
Initially introduced with a focus on payment error prevention, FlexTrap has evolved into a fully extensible platform that enables organizations to automate transaction validation with suppliers.
“Companies lose millions annually to errors, inefficiencies and financial risks, making payment accuracy and reconciliation more critical than ever,” said Tom Cook, CEO of FlexTecs. “By expanding FlexTrap’s capabilities beyond payment error prevention, we’re giving enterprises a scalable, future-ready solution to proactively safeguard profits.”
