Dozens of data sources, one source for accounting accuracy.
One platform for the whole back office.
Upload the source reports you already receive. Veramatic flags anything that needs a second look, then creates clean, ready-to-post journal entries.
Factory Parts Statements
Factory Parts Statement reports become ready-to-post entries in seconds, VIN-to-stock lookups included, with consistent coding no matter the format.
3rd-party F&I
Reports from every financial institution, including chargebacks, processed and coded to your accounting specifications, with exceptions surfaced for review.
Reconciliations
Cross-check the Factory Parts Statement, bank statement and floorplan against your books, and let Veramatic clear the routine items from your schedules.
Payroll & benefits
Automated payroll entries, medical, dental, vision and 401(k) reports processed into ready-to-post entries, and Tech Flag uploads that reconcile your WIP.
Factory Parts Statements
Efficiently manage manufacturer invoices, streamline posting, and optimize AP and AR processes with Veramatic’s comprehensive OEM solution.
What you get
- Post-ready documents in seconds. Factory Parts Statement reports become post-ready documents in seconds, including any VIN to Stock or Customer number lookups.
- Direct postings from factory reports. Generate accounting postings directly from factory reports and eliminate manual keying and post-entry clean up.
- Flawless OEM coding. Consistent coding for every Factory Parts Statement, regardless of complexity or unique formats.
Why it matters
Consistent coding no matter the format, with VIN-to-stock lookups included.
3rd Party F&I Products
Automate reconciliation and reporting for every third-party F&I program in a single workspace.
What you get
- Every aspect of your 3rd Party F&I reports accurately coded, including chargebacks — every scenario handled.
- No matter which products you work with. Veramatic recognizes reports from all types of financial institutions and codes them to your accounting specifications.
- Accuracy that safeguards internal practices. The institutional knowledge of your accounting team, kept inside an easy, automated system.
Why it matters
Every financial institution’s report, including chargebacks, coded to your specifications with exceptions surfaced for review.
Reconciliations and Schedule Cleaning
Keep schedules clean with automated reconciliations and exception-based workflows.
What you get
- Reconcile the Factory Parts Statement, bank statement, and floorplan against your books.
- Dynamic reconciliations, created for you. Your bank account balanced and correcting entries handled.
- Clean your schedule. Statements compared to your schedules automatically, with write-offs for variances set up by your own accounting rules.
Why it matters
Know exactly where you are off, get it fixed, and move on.
Payroll and Benefits
Tie payroll, benefits, and accounting together to understand true employee costs by role and store.
What you get
- Automated payroll entries, fewer errors, less effort. Reports from any payroll processor, coded to the right GL accounts in your DMS.
- Medical, Dental, Vision and 401(k) reports, perfectly coded. Employee Number and GL Account lookups automated for every benefit type.
- Tech Flag reports that reconcile your WIP. The tech flag entry prepared, compared to your WIP schedule, and adjusted as needed.
Why it matters
Payroll and benefits entries coded to the right GL accounts, and Tech Flag uploads that reconcile your WIP.
The platform, answered
Short answers to what teams ask before they switch on Veramatic.
Does Veramatic replace my DMS?
No. Veramatic works from the reports your office already receives and produces ready-to-post entries for the DMS you have. There is nothing to integrate.
Which DMS and OEM reports are supported?
Any DMS and any OEM. Veramatic reads the source report rather than a connection, so a new brand or a new DMS is a new report to recognise, not an integration project.
How do we get started?
Once onboarded and trained, you’ll start with the reports you already receive: upload them, review the coded entries, post. Your Veramatic team sets up the coding rules with you so the first runs match how your office books.
What happens to exceptions?
Anything that needs judgment is surfaced for review with the reason attached, so the controller’s time goes to the exceptions instead of the keying.
Have a question? Ask Jen.
She’s spent 30 years in the industry, reads every note, and loves to talk shop.
