Statement Zen Launches Beta for AI-Powered Reconciliation Across Legacy ERP Systems

Statement Zen, a Brisbane-based accounts payable automation startup, has announced an exclusive closed beta program for its AI-powered reconciliation platform that works with over 20 major legacy and on-premise enterprise resource planning systems. The company is inviting ERP resellers, AP providers, accounting firms, and end-users to test the technology, which aims to eliminate the manual drudgery of vendor statement reconciliation without requiring custom templates, application programming interfaces, or IT disruptions.

The platform builds on Statement Zen's existing success with cloud-based systems like Xero and QuickBooks Online, with QuickBooks Desktop support coming soon. The beta expansion targets legacy systems that still dominate business operations, including SAP ECC & S/4HANA, Vista by ViewPoint, JD Edwards EnterpriseOne & World, Microsoft Dynamics Great Plains, GP, AX, SL, NAV, Acumatica, Deltek Vision & Vantagepoint, Oracle E-Business Suite, Infor M3/LN/SyteLine/Visual, Epicor Kinetic & Vantage, Syspro, IFS Applications, and Sage 100/300/X3. The system also works with any other ERP that can export open-items, aged-payables, or unpaid-invoices reports.

The reconciliation process involves three simple steps: uploading vendor statements in PDF, Excel, or CSV format without preprocessing, uploading the ERP's open-items or aged-payables export in any format, and letting the AI engine instantly match every line. The technology handles partial payments, credit notes, mismatched references, and formatting errors while flagging true exceptions and generating a full audit trail. According to the company, this can slash reconciliation time by up to 80%, uncover duplicate payments or missing credits to recover funds, close books faster, and free finance teams for more strategic work.

A Statement Zen spokesperson emphasized the platform's potential impact, stating that vendor statements shouldn't be a monthly nightmare and that the technology empowers overworked finance professionals to reclaim their time and accuracy. The company positions this beta as more than just a preview, calling it a no-risk collaboration with immediate benefits for participants.

Beta participants receive a 30-day free trial with unlimited access and 100 free pages to start, personalized setup where the company verifies compatibility in 1-2 days using sample ERP reports and statements, exclusive perks including priority support and early feature access, and the chance to influence development. Active testers who provide feedback on five or more runs qualify for lifetime discounts of up to 50% off or free first-year subscriptions, with successful pilots potentially evolving into revenue-share partnerships with co-marketing opportunities.

The announcement comes at a time when millions of businesses continue to rely on legacy ERP systems, facing persistent challenges with manual vendor statement reconciliations including endless Excel battles, overlooked discrepancies costing thousands of dollars, and compliance risks that keep finance teams working after hours. Statement Zen's approach represents a significant development in AP automation by addressing systems that larger vendors have often neglected, offering what the company describes as day-one results that boost efficiency, transparency, and supplier relationships. More information about the company is available at https://www.statementzen.com.