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 regulatory environment creates dynamic and fast-paced challenges for Finance teams tasked with matching and reconciling data. Companies need intelligent solutions that can quickly and accurately combine and match transactions, provide greater visibility of errors and eliminate manual  data processing.

Within medium-to-large companies, data for performing account reconciliations is segregated across the GL, bank, AR/AP and other systems. 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 the productivity of staff, diverting skilled resources away from analyzing exceptions while also increasing the risk of overlooking  key errors.

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Business Outcomes

Deliver Efficiency & Productivity

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. Solvexia also provides advanced visualizations to augment and enhance the reconciliation so that it is easier and faster to perform investigations.

Maximize Controls

Solvexia Account Reconciliations provide transparent processes and workflows for each reconciliation 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. The quality of data is increased through consistent and transparent processing, making investigations into errors easier and faster.

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

Scale is introduced by ensuring any growth in transaction volumes is catered for without requiring extra resources. In addition to transforming just your account reconciliation, 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 drive more value for your company. This minimizes 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.