Accounts Receivable, Bank Reconciliations, Credit Card Transactions, Inter-Company Disputes, Product Returns, Large Scale Forensic Examinations – any data from any sources.

 

Carixa Reconciliation Manager

Reconciliation Manager standardizes repetitive matching and reconciliation routines, and using robotic processes, automatically captures relevant data from disparate sources and systems and processes it with configurable, multi-level rules for error-free results.

We can match and reconcile tens of thousands of transactions in minutes. We automate any type of reconciliation or matching process with Robotic Process Automation, on any scale.

High-volume reconciliations can be virtually impossible to complete successfully with spreadsheets or other methods. This is especially the case when the reconciliation needs to be at a granular level, incorporating data elements from different sources. Reconciliation Manager automates this process almost entirely.

Sequential, 2nd and 3rd Stage Matching

Unique 2nd and 3rd level sequential matching is conditioned on certain results in Stage 1. As an example, in a case of returns matching, after a invoice, debit and credit are matched, the system can then proceed to match SKU, quantity, and price – and generate accounting entries or credit and debit documents, for an end-to-end solution.

Accounts Receivable

Your Accounts Receivable is out of control for any number of reasons, often leaving hundreds or even many thousands of unmatched invoices, deductions, debit memos, credit memos and unapplied cash. If left unresolved, you are guaranteed a significant loss.

Product Returns Variance Reconciliation

A straightforward example of this is the need to reconcile customer returns actually received against the customer debit memo to verify price, detailed SKU (there may be dozens or hundreds on a single return document), even serial numbers. Source data can include the receiving system, inspection data, original invoicing data as well as the customer debit memo and shipping documents.

Purchase Order – Invoice – Receiving Documents Matching

When purchase order and invoice transaction volumes are high, we can match receiving with detailed SKU data and pricing to produce a payment file, and debit memo in the event of a discrepancy

Escheatment

Reconcile and properly apply debits and credits to avoid unnecessary escheatment losses due to backlogs of unapplied credit memos and cash sitting on customer accounts, usually the result of prior misapplication of credits and cash receipts.

100% Auto-Cash Application

Carixa Genius Auto-Cash engine is able to process, correctly apply, and settle 100% of cash receipts from disparate sources, electronic payments, lockboxes, ACH, BACS, credit card, etc. All manual labor is eliminated, including processing and creation of deductions, debit memos, documents, automatically created and pushed to a resolution workflow. The cash application process is configurable down to a customer, dollar amount, and transaction category level.

Summary

Carixa Genius Reconciliation can handle the largest reconciliation challenges, whether the problem is a single strategic customer or a massive rebuilding of multiple years and of hundreds of thousands of records. Through the use of configurable matching rules  and robotic process tools, using field matching, string searches and tolerances, the outputs are presented for final approval. After review, and a simple online approval, your reconciled transactions are completed and your financial records corrected.

  • Clean up and validate accounts for audits
  • Eliminate mass reconciliation write-offs
  • Collect 100% of what is owed vs. settling for cents on the dollar
  • Properly match credits and debits
  • Avoid escheatment liability
  • Assure clean receivables
Features More Benefits
Unlimited Reconciliation Rule sets Targeted rules can be applied to business units or a specific customer
Rule sets can analyze a sequence of matching rules Increased probability of matching
Matching tolerances set at dollar amounts or percentages Increased reconciliation rates with
All configuration performed through an intuitive UI No IT involvement required
SKU level credit debit matching Product level reconciliation, identify pricing discrepancies