New Brand, Website and Updated User Experience Reinforce Commitment to Smarter, Scalable Recovery Audit Solutions
FlexTecs, a leader in recovery audit, contract compliance and payment accuracy solutions announces the expansion of FlexTrap, an AI and machine learning software solution designed to detect, prevent and reconcile payment discrepancies. Initially introduced with a focus on payment error prevention, FlexTrap has now evolved into a fully extensible platform, introducing supplier statement reconciliation to further reduce financial leakage and improve financial operations.
FlexTrap’s new statement reconciliation feature enables organizations to automate transaction validation with suppliers, saving time and driving efficiency.
“Companies lose millions annually to errors, inefficiencies and financial risks, making payment accuracy and reconciliation more critical than ever,” said Tom Cook, CEO of FlexTecs. “By expanding FlexTrap’s capabilities beyond payment error prevention, we’re giving enterprises a scalable, future-ready solution to proactively safeguard profits.”
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FlexTrap is already making an impact on the market, with global enterprises across industries leveraging the solution to strengthen their financial operations. The platform’s new statement reconciliation feature enables organizations to automate transaction validation with suppliers, saving time and driving efficiency.
“FlexTrap is a game-changer for Tidewater’s global AP team. It helps us catch duplicate payments before they happen, reduces errors and financial leakage across our operations,” said Jeff Ng, director of shared services at Tidewater, the largest operator of offshore support vessels for the energy industry. He continues, “Specifically, the ability to customize validation checks to fit our internal policies makes a big difference, and the real-time alerts keep us ahead of potential issues. FlexTrap has become an essential tool in keeping our payment processes accurate and efficient.”
With the launch of a revamped website and updated FlexTrap platform, FlexTecs continues its mission to deliver innovative solutions that minimize financial leakage and improve financial efficiency and accuracy for enterprises worldwide.
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