Gappify Accrual Cloud

Automate Vendor and Internal Confirmations: Schedule confirmations to be automatically sent to your vendors and internal PO owners, schedule auto-reminder emails, and track responses in a single tool.

Automate Accrual Calculation Estimates: Support your confirmations with calculated accrual estimates. Automatically run straight-line, historical average or percentage-of-completion calculations based on data ingested from your P2P or ERP systems. Validate confirmations or create journal entries directly from these calculations.

360 degree Review: Perform a detailed review of each transaction line item or a 20,000 foot level review that focuses on the big picture. See historical results, current-period actuals and budget data all displayed next to accrual estimates so that you can be confident in the amounts you choose to post.

Single Source of Truth for Accrual Data: Integrate with any cloud-based ERP, P2P or budgeting tool so that data is ingested automatically. This ensures all the relevant data for your accruals process - invoice and PO details, chart-of-accounts - are captured in our one-stop shop accrual tool. Access and Segregation-of-duties Controls: Set access controls to limit the type of financial information visible to users or assign roles, such as reviewer and preparer, from a variety of options that dictate which actions a user can take.

Robust Audit Trails: Automatically capture all the accrual support - confirmation responses, timestamps, edit history, reviewer comments - to validate the accuracy of your accruals.

Enterprise-Grade Compliance: Gappify is SOC 1 and SOC 2 certified, so both you and your auditors can take comfort knowing that the controls we have in place meet the high standards of this framework

Strengthen PO Compliance: Quickly identify PO non-compliance without the need for manual report generation and complex Excel data manipulation. Insights automatically identifies and flags invoices lacking a PO or that are retroactively linked to a PO, and aggregates compliance results by department or employee.

Monitor & Control Rising Expenses: Stay ahead of escalating costs, and proactively alert business partners to collaborate on solutions. Insights analyzes spending trends and flags significant increases, enabling quick actioning of areas of concern.

Increase Confirmation Rates: Seamlessly track response rates and send pre-populated follow-up emails to non-responsive vendors with the click of a button. Eliminate manual effort and maximize the potential of accrual outreach to gather the most complete and accurate accrual data.