AcuRec

Automate Reconciliation. Strengthen Financial Integrity.

AcuRec by Avaali transforms financial reconciliation by automating complex, high-volume processes across bank, vendor, and ledger accounts — ensuring unmatched accuracy, compliance, and visibility. Built to integrate with leading ERP systems, AcuRec delivers continuous control, faster closes, and reduced financial risk.

Elevating Procurement to a Strategic Advantage

In the complex landscape of enterprise finance, reconciliation errors are more than an inconvenience — they create financial risk, audit challenges, and operational inefficiencies. Traditional reconciliation processes, often manual and fragmented, demand significant time and effort across finance teams.

With growing transaction volumes and diverse payment modes — including UPI, credit cards, and multi-bank settlements — enterprises need a solution that ensures transparency, speed, and accuracy. AcuRec automates reconciliation workflows end-to-end, eliminating manual errors and providing real-time visibility across accounts. It helps finance teams focus on analysis, not administration — and ensures every transaction aligns perfectly with your books.

Why Reconciliation Needs to Change

01

Identify Frauds and Crimes

Businesses lose ~5% of annual revenues to fraud (ACFE). Automated reconciliation minimizes undetected discrepancies and anomalies.
02

Avoid Accounting Errors

30% of companies experience financial record errors due to poor reconciliation practices.
03

Enable Accurate Financial Reporting

88% of investors trust companies with clear, transparent, and accurate reporting (PwC).
04

Enhance Control

Companies lose up to 1.5% of profits due to payment inefficiencies (IOFM).
05

Support Informed Decisions

Timely, accurate reconciliation data enables better strategic and financial planning (HBR)

The Hidden Costs of Inefficient Procurement

Manual workflows, inconsistent data, and fragmented systems slow operations and reduce transparency.

Complexity of multi-bank and multi-currency transactions

User training and skill gaps in financial teams

Variability in transaction volumes and timing (T+1/T+2 settlements)

Reconciliation discrepancies due to timing or system mismatches

Change management and process resistance

Weak access control and data security frameworks

Lack of real-time visibility and delayed reporting

Integration challenges between ERP, bank portals, and reconciliation tools

Core Capabilities of Our Product

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Automated Bank Reconciliation

Match thousands of daily transactions automatically, reducing manual intervention.
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Vendor Reconciliation

Identify mismatches, pending payments, and credit note adjustments with ease.
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Smart Exception Handling

Automatically flag discrepancies and route them for review.
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Multi-Channel Data Integration

Support for UPI, credit cards, payment gateways, and more.
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Audit-Ready Reports

Generate comprehensive reports for internal and external audits.
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ERP Integration

Tight integration with SAP and other ERPs for real-time posting and validation.

Core Capabilities of Our Product

Accounts Payable Automation

Our AI-driven, template-less invoice processing accelerates AP cycles by capturing invoices from any source—portal, email, or scans—with intelligent OCR. Built-in validations, compliance checks, and digital verification ensure every invoice moves seamlessly through structured approval workflows, providing complete visibility from posting to payment.

Supplier Onboarding

Standardized onboarding forms and automated validations ensure suppliers submit complete, accurate data from the start. Multi-level review workflows streamline compliance checks, reducing rework and delays. This results in faster supplier activation and cleaner master data for long-term procurement excellence.

E-Sourcing

Run configurable RFQs and reverse auctions effortlessly using a unified interface designed for strategic, data-driven sourcing. Granular rule-based evaluations and real-time insights make comparing suppliers simple and transparent, enabling faster, smarter award decisions.

Supplier Experience Portal

A unified collaboration portal gives suppliers real-time visibility into POs, shipment creation, invoicing, and status updates. QR-based and digital signature verification boost accuracy and trust, while self-service dashboards reduce dependency on internal teams and accelerate query resolution.

Contract Management

Centralize contract authoring, review, and approvals through guided workflows that ensure consistency and compliance. Multi-step legal and procurement reviews, combined with obligation and renewal tracking, reduce risks and maintain visibility across the contract lifecycle.

Catalog Management

Hosted catalogs make policy-compliant purchasing intuitive and fast, with quick item uploads, bulk updates, and advanced search. Users can create carts in one click, ensuring standardized, efficient requisitions that reduce friction across procurement.

Spend Analytics

Real-time dashboards provide instant visibility into spend across categories, plants, suppliers, and timelines—without exporting data. Teams can quickly identify saving opportunities, streamline reporting, and deliver clear, audit-ready insights to leadership.

Efficiency that drives real impact

See how businesses like yours have achieved measurable outcomes with Velocious.

Aditya Birla Renewables: Revolutionizing Procurement with Intelligent Automation

Discover how Aditya Birla Renewables is enhancing their vendor onboarding and invoice processes with Velocious, making procurement faster, simpler, and more efficient.
Read Full Case Study
Read Full Case Study

Oil India: Enhancing Supplier Collaboration, Visibility & Control

Learn how Oil India is working with Velocious to simplify supplier communication and gain clearer insights across its extensive supplier network.
Read Full Case Study
Read Full Case Study

Built for Adoption, Trusted for Enterprise Scale

Recognized by global leaders for ease of use, performance and reliability.

Velocious by Avaali Recognized in the 2025 Gartner® Market Guide for Sourcing Applications

In our opinion, being recognized as a Representative Vendor is a testament to Velocious’ commitment to transforming sourcing and procurement processes through innovation, compliance and efficiency.

Listed on SAP Store

We’re excited that Velocious Sourcing and Supplier Experience is now listed on the SAP Store! This recognition validates our solution’s quality, security, and seamless SAP integration, giving enterprises worldwide a trusted, easy way to discover and adopt Velocious.

Why Velocious Stands Out

Automating Procurement Processes with Secure Compliance, Real-Time Insights, and Seamless Supplier Collaboration to Drive Efficiency and Cost Savings

Streamline Sourcing and Procurement with Confidence

Simplify procurement, ensure compliance, and accelerate operations — all with ease and efficiency.

Enables Risk-Free Compliance

Automates adherence to tax and regulatory norms with built-in controls, reducing risk and ensuring consistent compliance.

10x Faster Supplier Adoption

Intuitive UI/UX designed to be simple and accessible—even for non-tech savvy suppliers.

ERP Agnostic

Works effortlessly with multiple ERP systems, including SAP, ensuring smooth integration.

Speeds Up Go-Live Time

Optimized for direct and indirect procurement, accelerating implementation and time to value.

Empowers GBS Teams

Automates critical shared services processes, enabling innovation and improving operational efficiency.

Global Supplier Enablement

Suppliers worldwide can seamlessly transact, manage P2P activities, and gain full visibility into their interactions.

Improved Cost Efficiency

Faster query resolution reduces cycle times, boosts supplier trust, and drives operational excellence across the S2P value chain.

Hear from Brands
That Trust Us

Aditya Birla Renewables
Digital transformation isn't just about technology — it's about reimagining how we operate for the future. The Velocious solution has fundamentally elevated our procurement capabilities, delivering the operational agility and intelligence we need to stay ahead in an increasingly complex business landscape. This is more than automation; it's the foundation for our next phase of strategic growth.
Prem Kiran Udayavarma
CIO
Oil India Limited
As part of OIL’s digital journey, the invoice management process shall be standardized and the process workflow digitalized to improve team productivity and leverage process automation across the invoice management lifecycle through the Invoice to Pay solution
Sushil Chandra Mishra
Chairman and Managing Director

Business Outcomes

Unlock Efficiency, Cost Savings, and Strategic Value Across Your Procurement Processes.
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Up to 90% reduction in manual reconciliation effort

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Near-zero human error through AI-powered matching

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Faster month-end close cycles with automated reporting

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Improved fraud detection through anomaly alerts

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Enhanced transparency with real-time dashboards

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Compliance-ready audit trails for every transactio

Differentiators That Drive Results

From automated workflows to intelligent insights, every feature is built to streamline processes, reduce risk, and accelerate business outcomes.

Proven success in automating reconciliation for enterprises across sectors
Deep integration expertise with SAP and other ERP systems
Designed for scalability — from single-entity to group-level consolidation
Strong governance and compliance framework
Backed by Avaali’s decade-long experience in financial process automation

Reconcile Smarter. Govern Better.

See how AcuRec can transform your financial operations with automation, accuracy, and control. Discover the future of reconciliation — built for enterprises that value precision and performance.