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

In the current business landscape where legacy enterprise resource planning systems remain dominant, manual vendor statement reconciliations continue to create significant operational challenges for finance teams. These challenges include time-consuming Excel processes, costly discrepancies, and compliance risks that strain organizational resources. Statement Zen, an accounts payable automation startup based in Brisbane, Australia, has launched an exclusive closed beta program targeting ERP resellers, AP providers, accounting firms, and end-users to test their innovative solution.

The beta program expands Statement Zen's compatibility beyond their established success with Xero and QuickBooks Online to include over 20 major legacy and on-premise systems still widely used in 2025. The systems supported include 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, Sage 100/300/X3, and any other system capable of exporting open-items, aged-payables, or unpaid-invoices reports. This expansion addresses a critical gap in the market where many legacy systems lack modern automation capabilities.

The platform operates through a streamlined three-step process: users upload vendor statements in PDF, Excel, or CSV format without preprocessing requirements, upload their ERP's open-items or aged-payables export in any format, and the AI engine instantly matches every line while handling partial payments, credit notes, mismatched references, and formatting errors. The system flags true exceptions while generating a complete audit trail, eliminating the need for APIs, custom templates, or IT disruptions. According to company claims, this approach can reduce reconciliation time by up to 80%, help recover funds through identification of duplicate payments or missing credits, accelerate financial closing processes, and free finance teams for more strategic work.

Statement Zen's spokesperson emphasized the significance of this development, stating that vendor statements shouldn't be a monthly nightmare and that their technology aims to empower finance professionals to reclaim time and accuracy. The beta program represents more than just a product preview—it's structured as a collaborative effort where participants receive immediate benefits including a 30-day free trial with unlimited access and 100 free pages, personalized setup verification within 1-2 days, priority support, early feature access, and influence over product development. Active testers who provide feedback on five or more reconciliation runs qualify for lifetime discounts up to 50% or free first-year subscriptions, with successful pilots potentially evolving into revenue-share partnerships with co-marketing opportunities.

The implications of this technology extend beyond mere time savings. By addressing the reconciliation challenges in legacy ERP systems that larger vendors have often neglected, Statement Zen's solution could significantly impact financial operations across multiple industries. The platform's ability to work with templateless AI against any ERP system via simple file uploads represents a potential paradigm shift in how organizations approach vendor statement reconciliation, particularly for businesses still reliant on older systems that lack modern integration capabilities. This development matters because it directly targets one of the most persistent and costly pain points in financial operations, offering a practical solution that requires minimal technical implementation while delivering substantial efficiency gains and risk reduction.