“Payment reconciliation software”
The category of payment reconciliation software comprises a wide range of technological solutions to automate bank and intercompany reconciliation processes, credit card matching and invoice-to‑PO matching in order to simplify payment reconciliation.
It is impractical for e-commerce companies, marketplaces and, in general, businesses processing significant volumes of daily transactions manually, undertaking all the administrative tasks involved in reconciliation.
These companies usually implement payment reconciliation software solutions, like Kantox currency accounts, to improve process efficiency. Currency accounts allow these businesses to maintain a very cost-efficient structure of multiple account numbers to channel payments from different customers or in different currencies.