Effortlessly reconcile your transactions with speed and precision.

‍Handle complex matching with ease, deploy quickly, and seamlessly integrate into your existing processes. Our user-friendly solution delivers fast results and ensures a rapid ROI—empowering your team to focus on higher-value tasks from day one.

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Challenge

Reconciliations are a fact of life for most organizations. A rapidly evolving business and increasing numbers of data sources and payment service providers (PSPs) create challenges for Finance teams tasked with matching and reconciling transactions. Companies need intelligent solutions that can quickly and accurately combine and match transactions, provide greater visibility of errors and eliminate manual data processing.

Within companies of all sizes, data for performing payment reconciliations is segregated across various systems, including PSPs, ERPs, order systems, bank accounts, spreadsheets, and more. Rigid “off-the-shelf tools” and ERP modules, coupled with the need for rapid change, have resulted in excessive amounts of costly manual spreadsheet work to combine and cleanse data and perform complex matching. This lowers staff productivity, diverting skilled resources from analyzing exceptions and increasing the risk of overlooking critical errors.

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Business Outcomes

Deliver Efficiency & Productivity

An influx of PSPs has resulted in Finance teams reconciling across more systems and time periods than ever before, creating a process that becomes more cumbersome with business growth.

Solvexia is an intelligent, process-centric application that combines advanced data processing and matching with powerful workflow to complete your reconciliation 100x faster. The solution improves staff productivity by matching transactions in seconds and intelligently routing exceptions to staff for review, correction and approval.

Maximize Controls

Solvexia Payment Reconciliations provide transparent processes and workflows for each payment source while decreasing errors by 98%. Enhanced audit features allow investigators and regulators to follow the lineage of reconciliation errors from source through to the final report. Reconciliations are performed using an industrial strength cloud-based data engine that processes over 1 billion transactions per month.

Executive level dashboards provide clear visibility of the status of every reconciliation along with the ability to integrate to other data sources and produce highly customized reporting and analytics.

Scale

In addition to transforming your payment reconciliation, Solvexia delivers unlimited extensibility by integrating other internal and external data sources to drive more value for your company. We drive efficiencies and optimization in other core areas such as rebate and commission calculations, accounts payable reporting and regulatory submissions. There are over 250 unique finance applications running on the Solvexia platform today.

Solvexia delivers unlimited extensibility by integrating any type of data (internal and external, financial and non-financial) to minimize the total cost of ownership (TCO) by leveraging a secure, industrial-strength, cloud environment. We see customers achieve a positive ROI in 6-12 months.