Does it take days to prove every shilling is accounted for?
Reconciliation and settlement
Automated reconciliation between payment channels, internal ledgers and bank statements, with same-day and T+1 settlement reporting.
What this covers
Reconciliation is the least glamorous part of a payment platform and the first thing an auditor asks about. Done manually it consumes a finance team; done badly it hides losses for months. We automate the matching between what each payment channel says happened, what your own ledger says, and what the bank statement actually shows.
The work covers the matching rules themselves, the exception queue for what does not match and who works it, and settlement reporting on a same-day or T+1 basis. The exception path matters more than the happy path: the value of the system is how quickly a genuine break is surfaced to a human.
What’s included
- Automated matching across payment channels, ledger and bank statements
- Exception queues, with clear ownership of what does not match
- Same-day and T+1 settlement reporting
- Fee, commission and charge handling in the reconciliation
- Audit-ready records of every match and every adjustment
- Alerting when a break exceeds an agreed threshold
Rails and technologies
Sound familiar?
Tell us about the project and our engineers will come back with a practical proposal.