By Sadanand Moily, SVP — Compliance and Risk, PayMate (@moilysada)
Auto reconciliation enables the matching of transactions within two sets of data. For every business, the reconciliation plays a very important role.
How is PayMate changing this landscape?
With PayMate, businesses can receive payments from their customers or make payments to their vendors via multiple modes of payment such as cards, and EFT.
The reconciliation for payments made takes places on a real-time basis & a corresponding entry is also pushed to an accounting/ERP package. This eliminates the task of manual reconciliations and errors. The entire ARAP is reconciled & automated without having to invest in any third-party software.
