A/R Reconciliation – Matching

Accounts Receivable, Accounts Payable, Deductions, Product Returns, Bank Reconciliations, Card Transactions, Inter-Company,  Forensic Examinations – any data from any sources.

Accounts Receivable Reconciliation

Accounts Receivable, Bank Reconciliations, Credit Card Transactions, Inter-Company Disputes, Product Returns, Large Scale Forensic Examinations – Any Data From Any Sources.

Carixa Matching Engine

We automate repetitive matching and account reconciliation routines. Utilizing robotic processes, we automatically capture relevant data from disparate systems and sources and process it with multi-level, configurable rules for error-free results.

Our software can match and reconcile tens of thousands of transactions in a matter of minutes. We automate all types of account reconciliation or matching processes with the Carixa Matching Engine on any scale.

High-volume account reconciliations are nearly impossible to complete with spreadsheets or outdated technology. This is especially the case when the vendor statement reconciliation must be at a granular level, incorporating data elements from multiple sources. Our Matching Engine automates this process almost entirely.

Sequential, 2nd, and 3rd Stage Matching

We condition unique 2nd and 3rd level sequential matching based on certain results in the prior stage.  For example, for product returns matching, after an invoice, debit and credit are matched, and the system can proceed to match SKU, quantity, and price, ultimately generating credit and debit documents and accounting entries for an end-to-end solution.

Accounts Receivable

Your Accounts Receivable can be out of control for any number of reasons, often leaving hundreds or thousands of unmatched deductions, invoices, credit memos, debit memos, and unapplied cash. If left unresolved, you are sure to have a significant loss. A straightforward example is a need for account reconciliation of customer returns against the customer debit memos to verify the price, detailed SKU (there may be dozens or hundreds on a single return document), and serial numbers. Source data can include inspection data, the receiving system, original invoicing data, and the customer debit memo and shipping documents.

Escheatment

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

100% Auto-Cash Application

Carixa Genius Auto-Cash engine is capable of processing, correctly applying, and settling 100% of cash receipts from disparate sources, lockboxes, electronic payments, BACS, ACH, credit cards, and more. This software eliminates all manual labor, including processing and creation of deductions, documents, and debit memos, automatically creating and pushing them to a resolution workflow. The process of cash application is configurable down to a dollar amount, customer, and transaction category level.

Summary

Carixa Matching Engine can handle the largest account reconciliation challenges, whether the problem is a massive rebuilding of many years and hundreds of thousands of records or a single strategic customer. Through the use of configurable matching rules, field matching, multiple sourced data, tolerances, and string searches, the outputs are presented for final approval. After review and a simple online approval, your reconciled transactions are completed and your financial records fully corrected.

• Clean up and validate accounts for audits
• Collect 100% of what is owed vs. settling for cents on the dollar
• Eliminate mass vendor statement reconciliation write-offs
• Properly match credits and debits
• Assure clean receivables
• Avoid escheatment liability

Get Your Business in Order Today

Are you interested in more information about account reconciliation, or other services such as outsource receivables management? Feel free to get in touch today.