Upcoming Webinar: Driving Financial Accuracy, Optimizing BOL and Invoice Reconciliation

For retail fuel operators, back-office processes can often be the most complex stage of their inventory supply chain. Invoice reconciliation is almost never straightforward; when supplier and customer invoices differ, it triggers costly delays that impact business. 

Yet surprisingly, many operators continue to use outdated, manual processes to manage this critical part of their business. Such legacy systems are prone to human error and spreadsheet miscalculations that introduce incorrect data. The resulting mistakes can hold up BOL reconciliation; or worse, cause downstream problems that go undetected until an irate customer alerts an employee. 

Unified Data with End-to-End Visibility 

Ensuring accurate financial records is a meticulous process which requires fast, accurate execution. Using AI-driven automation, a fuel retailer can supercharge back-office systems, trading in their tangled web of paperwork for a unified data hub that consolidates all functions into a single digital interface. Operators can manage common errors like delivery variances, duplicate invoices, missing deliveries, and more while automatically reconciling BOLs and reducing Days Sales Outstanding (DSO).  

Accuracy and Invoice Matching in Seconds 

Specifically, integrated systems optimize invoice reconciliation by using a robust Exception Management System (EMS) to track configurable exceptions and alerts across all supply chain modules. In real-time, data sets are combined, matched and evaluated. The platform then instantly: 

• Integrates clean transactions into the accounting system for payment processing and receivable generation 

• Flags any discrepancies highlighted in EMS reports for prompt investigation 

• Moves corrected transactions into the accounting system 

By unifying multiple data streams into one centralized hub, automated systems ensure BOLs, and exception management reports are reconciled in seconds, saving significant time and labor resources.   

To learn how Titan Cloud’s Supply & Logistics module helps retail fuel operators streamline systems and achieve financial accuracy, join us for the final session of our Fuel Supply & Logistics Mastery: Optimizing the Entire Supply Chain webinar series. Titan Cloud Director of Solutions Consulting Nick Viola and Senior Solutions Consultant Brent Puzak will host a discussion, conduct informal polls, and address attendee questions during what will be an information packed hour. 

  Session Three:

Driving Financial Accuracy, Optimizing BOL and Invoice Reconciliation

Wednesday October 30, 2024 at 2:00pm EST

REGISTER TODAY

If you’d like a personalized demo of how Titan Cloud can streamline and optimize supply chain functions for your business, talk to one of our solutions consultants today.