Reconciliation and settlement systems that match millions of transactions automatically
Two-way and three-way matching across banks, processors, wallets and ledgers, with settlement calculation and exception workflows.
Reconciliation is where payment and finance operations either stay in control or quietly lose money. Manual matching in spreadsheets does not scale beyond a few thousand transactions a day, and unreconciled items hide errors, fraud and lost revenue.
Our reconciliation and settlement platform automates the work:
- Ingest everything. Bank statements, processor reports, switch files, wallet ledgers, card scheme files and internal ledgers in any format.
- Match by rules. One-to-one, one-to-many and many-to-many matching on reference, amount, date and tolerance, across two or three sources.
- Settle accurately. Calculate settlement amounts, fees, commissions and splits for merchants, agents and partners.
- Resolve exceptions. Unmatched items are categorised and routed to the right team with ageing and service levels.
Clients typically move from days of manual matching to automated reconciliation completed before the start of the working day.
Key features
Available as a branded, customised build or as an off-the-shelf licence.
- Multi-format ingestionCSV, Excel, MT940, ISO 20022, fixed width and API feeds.
- Configurable matching rulesExact, tolerance and fuzzy matching with priority order.
- Two-way and three-way matchingBank to ledger, processor to bank to ledger and more.
- Settlement engineMerchant, agent and partner settlement with fees and splits.
- Exception workflowCategorise, assign and resolve unmatched items with audit trail.
- Ageing and write-off controlTrack the age of open items and approve write-offs.
- Scheduled runsReconciliation runs automatically when files arrive.
- DashboardsMatch rates, open items and values at a glance.
- Journal generationPost adjustment and settlement journals to the ledger.
- ScaleDesigned for millions of transactions per day.
Reports and automated email reporting
Reports run on schedule and land in the right inboxes as PDF or Excel, with live dashboards for anyone who needs the detail.
- Daily reconciliation summaryMatch rates and open items, emailed every morning.
- Exceptions ageingOpen items by age, category and owner.
- Settlement statementsPer merchant, agent or partner, sent automatically.
- Suspense account reportBalances and movements in suspense accounts.
- Write-off registerApproved write-offs with reasons and approvers.
Questions about reconciliation and settlement
Can the system read our bank's statement format?
Yes. The platform ingests standard bank formats and custom files. New formats are configured without code changes.
How many transactions can it reconcile?
The platform is designed for high volumes, from thousands to millions of transactions per day.
Can it calculate merchant settlements?
Yes. Settlement amounts, fees, commissions and splits are calculated and settlement statements are sent automatically.
Works well with
Payment processing
Gateway, merchant onboarding, multi-rail acceptance, smart routing, settlement, fraud rules and reporting.
Learn moreFinance and accounting
General ledger, payables, receivables, bank reconciliation, assets, budgets, consolidation and scheduled financial reports.
Learn moreMobile money applications
Wallets, agent networks, cash in and out, P2P, merchant payments, USSD and app channels.
Learn moreReady to put the right software to work?
Tell us how your business runs today. We will show you what can be live this week, and what a bespoke build would look like.