Bank Statement Import
Seamlessly import statements from multiple banks.
Upload or automatically fetch statements in various formats (CSV, OFX, MT940) to start the reconciliation process.
- Multi-Bank Integration: Connect multiple bank accounts securely.
- Automatic Import: Schedule daily or periodic imports.
- Format Compatibility: Support for standard and custom bank statement formats.
Transaction Matching
Automatically reconcile bank and ledger transactions.
Match payments, deposits, fees, and charges with ERP ledger entries using intelligent rules to minimize manual work.
- Automated Matching: Use rules for exact, partial, or fuzzy matches.
- Manual Adjustments: Handle unmatched transactions with simple drag-and-drop.
- Recurring Transactions: Auto-match recurring payments for efficiency.
Discrepancy Resolution
Identify and resolve mismatches quickly.
Detect discrepancies between bank statements and ledger entries and provide tools for resolution or escalation.
- Alerts & Notifications: Highlight mismatched or suspicious transactions.
- Adjustment Tools: Correct amounts, dates, or accounts as needed.
- Escalation: Route unresolved issues to authorized personnel.
Reconciliation Reports
Gain insights into reconciliation status.
Generate detailed reports on reconciled, pending, and unmatched transactions for accurate financial visibility.
- Status Overview: Quick view of reconciled vs pending transactions.
- Transaction Details: Drill-down into individual entries.
- Custom Reporting: Export reports for internal or audit purposes.
Audit Trail & Compliance
Ensure compliance and transparency.
Maintain a detailed audit trail of all reconciliations, adjustments, and approvals to satisfy internal policies and regulatory standards.
- Immutable Logs: Record every reconciliation action and change.
- Approval Workflow: Ensure adjustments are reviewed and authorized.
- Regulatory Compliance: Meet statutory reporting and audit requirements.