Reconciliation support
Reconciliation support streamlines the process of matching transactions with settlements and bank deposits. Automate complex reconciliation tasks, identify discrepancies quickly, and maintain financial integrity. This reduces manual effort and improves financial oversight.
What you get.
- Automate matching of transactions to settlement files
- Identify missing transactions or settlement discrepancies
- Match payouts from multiple acquirers to bank deposits
- Generate reconciliation reports for auditing purposes
- Flag un-reconciled items for immediate investigation
- Reduce manual data entry and human error in financial processes
Common questions.
How does Cardflo's reconciliation support work?
Cardflo ingests transaction data and settlement files from all your acquirers, automatically matching them. It highlights any mismatches or missing items, providing a clear overview for your finance team to investigate and resolve.
Can this handle reconciliation across multiple currencies?
Yes, our reconciliation support is designed to handle multiple currencies and cross-border transactions. It provides a consolidated view, simplifying the reconciliation process for merchants operating internationally.
What if there's a discrepancy that can't be automatically resolved?
The system flags un-reconciled items and provides detailed data for each. This allows your team to investigate the root cause, whether it's a timing difference, an acquirer error, or a data mismatch, enabling manual resolution.
Related features.
Ready for velocity?
Tell us about your business. We'll match you with the right acquiring partners and the right route, typically inside a week.