Reconciliation
We offer proven tools that will automate the posting of receivables. We transform even advanced business rules applicable in your company into the logic of reconciling inflows to the account.
Companies receiving cyclical payments from a large counterparty base (payers), including consumers, care about payments being described in a way that enables their efficient posting. When payers provide incomplete data in payment details or make mistakes in the amount, reconciling inflows can be time-consuming. Additionally, the need to conduct additional clarifications for their correct identification can extend the time of allocating funds to specific receivables, to the detriment of the company's liquidity.
- SpeedCollect
- ARMS
SpeedCollect
The service utilizes a virtual accounts structure, thanks to which a company can assign individual account numbers to its counterparties. For inflows directed to virtual account numbers, additional information crucial for their reconciliation is presented on reports/statements. This method of presenting information supports the process of automatic posting of receivables in your company.
BENEFITS
ARMS
An advanced solution that allows for the automation of the receivables management process through the additional use of algorithms that reconcile expected payments with actual inflows to your account. Thanks to ARMS, payments that are difficult to identify – e.g., bulk, partial, with incorrect or incomplete data – can be efficiently matched not only to the counterparty but also to their specific liability.
BENEFITS
ADDITIONAL CONVENIENCES
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