• Soroco Tops Everest PEAK Matrix® for Digital Interaction Intelligence 2024 - Third Year in a Row
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Cut handling times, reduce manual effort, and boost efficiency with the Scout AI model.

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The Challenge: Inefficiencies in Vendor

Statement Reconciliation.

The Challenge: Inefficiencies in Vendor Statement Reconciliation.

Cumbersome Handling

Processing high volumes of vendor statements is slow and labor-intensive due to manual interventions.

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Unstructured Data

Lack of a standardized template complicates data cleaning and delays the reconciliation process.

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The Scout Solution: Optimize Every Step. 

Uncover Bottlenecks

Scout identifies inefficiencies and root causes within the reconciliation process, enabling targeted improvements.
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Automate & Save

Discover automation opportunities and potential cost savings to minimize manual effort and streamline operations.

Monitor Key Metrics

Track KPIs such as cost incurred per invoice, % STP improvement, number of reconciliation statements processed by each employee, and error rate to pinpoint optimization areas, enhance productivity, and improve client satisfaction.
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Boost Efficiency. Maximize Productivity.

Accelerate Reconciliation

Reduce handling times and minimize manual interventions.
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Enhance Accuracy

Improve data handling and reduce error rates through automation.
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Increase Output

Improve processing rates and overall employee productivity.
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F&A companies who have experienced the power of Scout

Retail and Corporate Banking

Transforming CX for Asia's largest private bank with Scout

20%

Reduction in operational costs

80%

Improvement in straight-through processing
Read more

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Banking and Finance

Enhancing straight-through processing for a leading mortgage servicing company with Scout

40%

Improvement in straight-through processing

30%

Increase in lending underwriters' productivity
Read more

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Watch more real-life success stories of enterprise transformation

What’s under the hood - How Scout works?

Scout creates a map of how teams across F&A experience digital work by capturing team-machine interactions. Scout’s AI model then analyses this interaction data to identify patterns and inefficiencies, generating a work graph.

This work graph helps finance teams optimize operational efficiency, manage risks, and enhance both customer and employee experiences, ultimately leading to improved business outcomes.

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Interaction Data
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AI Model
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Root cause of friction
Disconnected debt arising from finance
systems are hurting the pace of revenue
recognition this quarter.

Excess manual effort

Common business activity

Work Graph

Analysts love us

Everest Group

Leader in PEAK Matrix® Assessment: Digital Interaction Intelligence, 2024

NelsonHall

Leader in NEAT Assessment: Process Understanding, 2024 

HFS Research

Enterprise Innovator in HFS Horizons: Process Intelligence Products, 2023 

Forrester

Strong Performer in The Forrester Wave™: Process Intelligence Software, Q3 2023 

Soroco rated 4.9/5 in Gartner Peer Insights by our customers.

5/5

Ready to Transform Your Reconciliation Process?

Streamline your finance and accounting operations with Scout and achieve greater efficiency and accuracy.
Connect with us now!
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