Forescribe Glossary

What is Auto Reconciliation?

Auto Reconciliation refers to an automated process within Forescribe that matches software usage data with billing information, ensuring that costs align with actual usage. It automatically compares invoiced amounts with actual usage, highlighting discrepancies.

Why it Matters

Auto Reconciliation is important for accurate financial management and cost control. It helps ensure that organizations are only paying for the software they actually use, avoiding overpayment. This process improves financial oversight and reduces the risk of errors, discrepancies, or unaccounted for costs in software billing.

Benefits

Cost Accuracy – Matches billing information to actual usage.
Error Reduction – Minimizes the chance of overpayments or discrepancies.-Time–Saving – Automates manual reconciliation processes.
Financial Control – Enhances visibility into software expenses.