Matching and Reconciliation Automation
We automate matching and account reconciliation routines with multi-level, configurable rules for error-free results. In addition, we can employ AI in account reconciliation to autonomously capture relevant data or documents from disparate systems and sources as required.
We automate all types of account reconciliation or matching processes with the Carixa Matching Engine on any scale, from hundreds to millions of transactions. Our technology utilizes artificial intelligence in reconciliation, and it can reconcile tens of thousands of transactions in a matter of minutes.
Accounts Receivable, Billing, and other high volume transactional processes get out of control, leaving hundreds, thousands, or even millions of unmatched transactions - billings, deductions, debit memos, credit memos, payments, whatever. If left unresolved, you are guaranteed a significant loss and writeoffs.
Using advanced, configurable matching rules with multiple field matching, string searches, AI, and tolerance rules, we present the recommended offsets for your review and approval. Your reconciled transactions are updated in the Carixa payment reconciliation software and your financial system.
Some Benefits of Carixa Match and Reconciliation Technology
- Collect 100% of revenues
- Eliminate (or untangle) massive reconciliations and write-offs
- Assure no loss of booked revenues
- Properly match credits and debits
- Avoid escheatment liability
- Assure clean receivables and billing accounts
- Prepare for audit
|Unlimited Reconciliation Rulesets||Targeted rules can be applied to business units or a specific customer|
|Rulesets 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||Minimal IT involvement|
|SKU level credit debit matching||Product level reconciliation, identify pricing discrepancies|