Matching and Reconciliation Automation
High-volume processes get out of control, leaving unmatched transactions - accounts receivable, accounts payable, billings, deductions, debit memos, credit memos, payments, whatever. If left unresolved, you are guaranteed a significant loss and writeoffs.
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 embodies what is called "intelligent automation" and using powerful matching algorithms can reconcile tens of thousands of transactions in a matter of minutes, down to finite detail.
Using advanced, configurable rules with multi-level field matching, string searches, and tolerance rules, we reconcile the accounts, then present the offsets for your review. Your reconciled transactions are updated in the Carixa payment reconciliation software and your financial system. In addition, we can employ system robotics in account reconciliation to autonomously capture relevant data or documents from disparate systems and sources as required.
Some Benefits of Carixa Match and Reconciliation Technology
- Collect 100% of your revenues instead of writing off unreconciled receivables
- Solve massive reconciliations and write-offs
- 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|