Usemesh

What is Usemesh?

Usemesh is an innovative financial automation tool designed to streamline and enhance the process of managing expense accruals for companies. By connecting purchase orders (POs), invoices, budgets, and vendor data, Usemesh effectively identifies any missing elements in the accrual process and generates audit-ready journal entries in just minutes. This tool aims to help businesses close their financial books with confidence, regardless of when invoices are received, ensuring that financial reporting is accurate and timely.

How to use Usemesh?

1. Sign Up and Log In: Create an account on the Usemesh website and log in to your dashboard.
2. Connect Your Data: Integrate your purchase orders, invoices, budgets, and vendor information into the Usemesh system to ensure all relevant data is available.
3. Configure Accrual Settings: Set up your accrual policies and parameters based on your company's specific accounting practices.
4. Run Analysis: Use the tool to analyze your data for any discrepancies, missing invoices, or other issues that may affect your accruals.
5. Generate Journal Entries: Once the analysis is complete, Usemesh will automatically generate the necessary journal entries, which can be reviewed and approved for submission.

What are the main features of Usemesh?

• Expense Accrual Automation: Automatically detects and generates audit-ready journal entries for missing invoices and accruals.
• Vendor Management: Consolidates vendor information, making it easier to track incurred, prepaid, and incoming vendor costs.
• Budget Integration: Connects seamlessly with budgeting systems to ensure accurate financial reporting.
• Audit Trail: Maintains a comprehensive audit trail of all transactions and changes made within the system, enhancing transparency and accountability.
• User-Friendly Interface: Designed with an intuitive interface that simplifies the process of managing financial data.

Who is Usemesh for?

Usemesh is primarily targeted towards finance and accounting professionals in medium to large-sized companies that handle a significant volume of invoices and purchase orders. It is ideal for organizations looking to streamline their expense management processes, reduce the time spent on manual reconciliations, and ensure compliance with financial regulations. Additionally, it benefits teams that require a centralized view of vendor costs and accruals, allowing for better financial planning and reporting.

What are the use cases of Usemesh?

1. Monthly Financial Close: Usemesh helps finance teams close their books more efficiently by automating the accrual process, even when invoices arrive late.
2. Vendor Invoice Management: The tool simplifies the management of vendor invoices, reducing the need for multiple follow-ups and ensuring timely payments.
3. Budget Monitoring: Finance departments can utilize Usemesh to monitor actual spending against budgeted amounts, allowing for better financial oversight and decision-making.