Automated Finance Reconciliation

Enhance your financial operations with automated reconciliation, ensuring accuracy, efficiency, and transparency. This intelligent system seamlessly tracks and matches payments, orders, and settlements, minimizing discrepancies and reducing manual intervention. By automating financial record-keeping, businesses can prevent errors, accelerate transaction processing, and gain real-time insights into cash flow. Save valuable time and resources while maintaining compliance and optimizing overall financial management for a smoother and more reliable business operation.

Smart Finance Matching

AUTOMATED FINANCE RECONCILIATION

Say Goodbye To Mismatched Accounts With Effortless Reconciliation

Deliverex automates finance reconciliation by integrating with payment and shipping systems. It ensures accuracy, reduces manual effort, and enhances financial transparency.

Seamless real-time reconciliation with payment gateways and banking systems.

Tracks COD transactions from shipping providers to ensure accurate settlements.

Detects discrepancies in payments, refunds, and chargebacks.

Verifies invoices against transactions to prevent revenue losses.

BENEFITS

Reconcile Your Finances With Confidence

Enhanced Accuracy

Eliminate human errors by automating data matching and swiftly detecting discrepancies in financial records.

Increased Efficiency

Accelerate the reconciliation process, enabling finance teams to focus on strategic decision-making instead of manual data entry.

Cost Optimization

Reduce labor costs and prevent potential financial losses caused by miscalculations or oversight.

Regulatory Compliance

Maintain accurate financial records effortlessly, ensuring seamless adherence to regulatory requirements and audit preparations.

HOW IT WORKS

Effortless & Precise Automated Financial Reconciliation

Data Collection & Import

The system seamlessly gathers financial data from multiple sources, including bank statements, invoices, ERP systems, and accounting software, ensuring a comprehensive data pool.

Matching & Validation

Leveraging AI and predefined rules, transactions are analyzed, discrepancies are flagged, and missing entries are identified for verification, reducing manual effort.

Reconciliation & Reporting

Matched transactions are reconciled automatically, generating in-depth reports and actionable insights to maintain financial accuracy and ensure compliance.

STAGES OF AFR

Transparent Reports, Regulatory Compliance & Confident Growth

Data Collection & Ingestion

At this stage, financial data is gathered from multiple sources such as bank statements, accounting software, invoices, and transaction records. The system ingests this data in real-time or at scheduled intervals.

Aggregates data from diverse financial sources.
Utilizes APIs, file uploads, or direct database connections.
Ensures accuracy and consistency of financial data.
Supports both structured and unstructured data processing.
Seamlessly integrates with ERP and accounting tools.

Data Matching & Validation

Collected financial data is cross-referenced with predefined rules, ensuring transactions align across different records (e.g., bank statements vs. accounting ledgers). This process helps detect discrepancies and errors.

Matches transactions based on key attributes like amount, date, and reference number.
Employs AI/ML algorithms for pattern recognition.
Flags inconsistencies or missing data for review.
Automates approval workflows based on set rules.
Minimizes manual intervention and reduces human error.

Exception Handling & Resolution

Any discrepancies identified in the previous stage are flagged for further review. The system assigns issues to relevant personnel, suggests corrective actions, or resolves minor variances automatically.

Highlights mismatched transactions for investigation.
Automates error categorization and resolution workflows.
Integrates with audit trails for compliance tracking.
Sends notifications for unresolved issues.
Enhances discrepancy resolution using AI-powered insights.

Reporting & Audit Compliance

Once reconciliation is complete, reports are generated for financial analysis, audits, and compliance purposes. This ensures transparency and accountability in all financial transactions.

Creates reconciliation reports for stakeholders.
Ensures adherence to financial regulations (GAAP, IFRS).
Provides audit trails for transaction history.
Offers real-time dashboards for financial insights.
Enhances financial decision-making with automated analytics.

Have Any Query?

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