Reconciliation
We offer proven tools that will automate the posting of receivables. We even transform the advanced business rules in force in the company into the logic of reconciling inflows to the account.
For companies receiving cyclical payments from a large base of contractors (payers), including consumers, it is important that payments are described in a way that allows for their efficient posting. When payers provide incomplete data in the payment details or make a mistake in the amount, reconciling the inflows can be time-consuming. Additionally, the need to carry out additional clarifications to correctly identify them may extend the time of allocating funds to specific receivables, to the detriment of the company's liquidity.
- SpeedCollect
- ARMS
SpeedCollect
The service uses the structure of virtual accounts, thanks to which the company can assign individual account numbers to its contractors. With inflows directed to virtual account numbers, additional key information for their reconciliation is presented on reports/statements. This way 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 thanks to 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. collective, partial, with incorrect or incomplete data - can be efficiently assigned not only to the contractor, but also to their specific liability.
BENEFITS
ADDITIONAL CONVENIENCES
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