Reconciling invoices

Vendor invoice processingMarket data invoice reconciliation forms a complex and time-consuming process. To streamline this process INFOmatch incorporates Invoice Reconciliation Interfaces to all major market data vendors.

These interfaces automatically import market data invoices into INFOmatch and compare them against theoretical invoices generated by INFOmatch (based on contractual agreements) and detect any invoice variance directly. The intuitive wizard allows you to drill down on invoice lines to examine any detected variance in full detail. The INFOmatch Invoice Reconciliation Interfaces dramatically reduce the workload by up to 90%.

Selection of the Invoice Reconciliation interfaces

Find below a selection of the Invoice Reconciliation interfaces optimising vendor invoice processing and that are incorporated in INFOmatch:

INFOmatch Invoice Reconciliation interface for Bloomberg
INFOmatch Invoice Reconciliation interface for Thomson Reuters

Bloomberg invoices

The INFOmatch Invoice Reconciliation interface for Bloomberg automatically generates Bloomberg’s per account invoices in INFOmatch through Bloomberg’s Secure website (both Terminal and Entitlement invoice). The invoice is compared against the theoretical invoice generated by INFOmatch based on Bloomberg’s contractual agreements and detects any invoice variance directly.

The intuitive wizard allows you to drill down on invoice lines to examine any detected variance in full detail. From here you have the ability to directly add additional fees from your commercial invoice (e.g. admin fees, relocation charges) as new invoice lines in INFOmatch, which are automatically allocated to the corresponding market data users within your organisation or to settle any discrepancies with your Bloomberg account manager.

Download the full fact sheet explaining the INFOmatch Invoice Reconciliation interface for Bloomberg >>

Thomson Reuters invoices

The INFOmatch Invoice Reconciliation interface for Thomson Reuters automatically imports Thomson Reuters’ per account invoices in INFOmatch through Thomson Reuters’ Electronic Invoice Portal on the Customer Zone of its Secure website.

The imported invoice is compared against the theoretical invoice generated by INFOmatch based on Thomson Reuters’ contractual agreements and detects any invoice variance directly. The intuitive wizard allows you to drill down on invoice lines to examine any detected variance in full detail.

Download the full fact sheet explaining the INFOmatch Invoice Reconciliation interface for Thomson Reuters >>

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