In the simplest terms, The Swivel is the inefficient process to reconcile and post financial transactions on a periodic basis. But it’s also the pain felt by a financial team that relies on intricate manual processes. This constant, human-powered fact checking from system to system, contract to invoice, every billing cycle is expensive, risky, and an anchor to growth. The Swivel can exist in the AP/AR department of any company whenever there are complex contracts or large volumes of financial records to process. It does not matter if the company is selling goods, services, or a combination of both. The Swivel is found across all industries and in companies of sizes whenever a financial team experiences the recurring nightmare of reconciling unique contract terms with multiple invoice formats, expense reports, proof-of-work statements, accessorial charges and other financial data necessary to compile a multi-page consolidated invoice.
