Financial Closing, Automated
Streamline your scrap metal financial closing. Automatically match mill invoices to payments and track weight and grade variances in real-time.
Global Metals Inc
Payment Released
Invoice #9921 Matched
Just now
Variance Detected: #9920
2 mins ago
Flexible Periods
Define Your Reconciliation Window
Select any scrap supplier and delivery period. Our system aggregates scale tickets, invoices, and payments for the specified timeframe to ensure complete coverage.
- Multi-supplier support.
- Handle reconciliation across your entire supply chain in one view.
- Custom delivery periods.
- Define flexible windows to match your accounting cycles.
- Scale ticket aggregation.
- Automatically pull all relevant tickets for the selected period.
Reconciliation Period
Nov 1 - Nov 30, 2024
Auto-Match Engine
Real-time transaction pairing
Intelligent Matching
Automated Transaction Matching
Our system automatically matches mill invoices to payments, accounting for weight discrepancies and grade adjustments common in scrap trading.
- Auto-match exact amounts.
- Instantly pair invoices and payments that match perfectly.
- Weight variance detection.
- Automatically flag discrepancies outside your tolerance thresholds.
- Grade adjustment handling.
- Process quality adjustments seamlessly within the matching logic.
Variance Control
Track & Resolve Discrepancies
Instantly spot variances in weight, recovery rates, or pricing. Categorize claims and deductions for accurate metal accounting.
- Real-time variance calculation.
- See the exact financial impact of every discrepancy as it happens.
- Categorize reasons.
- Tag variances by Weight, Grade, or Moisture for better reporting.
- Audit trail generation.
- Maintain a complete history of all reconciliation actions and approvals.
Variance Detected
Action required for reconciliation
Payment Reconciliation FAQ
Common questions about closing the books and managing variances.
Reconciliation Process
Security & Control
Ready to Close Your Books Faster?
Join procurement teams who use ScrapBull to automate reconciliation and eliminate financial discrepancies.