Statement Zen, a Brisbane-based accounts payable automation startup, has opened a closed beta program for its artificial intelligence-powered reconciliation platform that works with more than 20 legacy enterprise resource planning systems without requiring templates or application programming interfaces. The company, which already supports cloud platforms like Xero and QuickBooks Online, is expanding compatibility to on-premise systems that still dominate many business operations in 2025.
The platform processes vendor statements and ERP exports through simple file uploads, using AI to match transactions, handle partial payments and credit notes, and flag true exceptions while generating a full audit trail. According to the company, this approach can reduce reconciliation time by up to 80% while helping businesses uncover duplicate payments or missing credits that could represent significant financial recovery opportunities.
The beta program specifically targets compatibility with systems including SAP ECC & S/4HANA, Microsoft Dynamics products, Oracle E-Business Suite, Infor systems, Epicor platforms, and Sage products among others. The company states the technology works with any system that can export open-items, aged-payables, or unpaid-invoices reports.
"Vendor statements shouldn't be a monthly nightmare. With Statement Zen, we're empowering overworked finance professionals to reclaim their time and accuracy," a company spokesperson stated. The platform's templateless approach means businesses can implement the solution without IT disruptions or custom development work typically associated with legacy system integrations.
Beta participants receive a 30-day free trial with unlimited access and 100 free pages to start, along with personalized setup where the company verifies compatibility within one to two days using sample data. 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.
The importance of this development lies in addressing a persistent pain point for businesses using legacy ERP systems that often lack modern automation capabilities. Manual vendor statement reconciliation represents significant operational inefficiency, compliance risk, and potential financial leakage through undetected errors. By offering a solution that works across diverse legacy platforms without complex integration requirements, Statement Zen could help businesses using older systems achieve automation benefits typically available only to those using modern cloud platforms.
For finance teams, the implications include reduced manual workload, faster month-end closing processes, improved accuracy in accounts payable management, and potential recovery of funds through better discrepancy detection. The technology's ability to handle various file formats and system-specific report structures without preprocessing could make AP automation accessible to businesses that have been unable to implement such solutions due to technical constraints or cost barriers associated with legacy system customization.
More information about the company is available at https://www.statementzen.com.
