Revenue Reconciliation
The Revenue Reconciliation Package is a robust solution built on the VAL data platform, designed to streamline and automate the reconciliation process between Point of Sale (POS) systems, third-party ordering or payment vendors, and bank records. Tailored for businesses in the Food & Beverage (F&B) and Retail industries, this package reduces manual effort, ensures accuracy, and provides clear insights into revenue discrepancies.
Understand how our reconciliation is performed for payments made at a outlet level vs entity level.
- Comprehensive Reconciliation
- Automatically matches and identify sales and payments breaks between POS systems, third-party platforms (e.g., delivery apps, payment gateways), and bank statements at a entity, outlet, payment method and day level.
- Automated Data Matching
- Leverages intelligent matching algorithms to reconcile data accurately across multiple systems.
- Handles complex scenarios, including partial payments, refunds, and adjustments.
- Exception Reporting
- Generates detailed reports highlighting discrepancies.
- Provides actionable insights to quickly resolve issues.
- Recon Tracking and Adjustments
- Track reconciliation by providing capturing justification of breaks and action taken.
- Enter adjustments to clear the break while reconciling.
- Audit Trail and Compliance
- Maintains a complete log of reconciliations and adjustments for audit and compliance purposes.
- Ensures transparency and accountability across financial processes.
- Scalable and Multi-Integration Support
- Accommodates multiple POS systems, payment vendors, and bank accounts.
- Scales to support businesses with multiple outlets and complex integrations.
- Increased Efficiency: Automates reconciliation tasks, reducing manual effort and errors.
- Improved Accuracy: Ensures consistent and reliable revenue reporting by resolving mismatches.
- Enhanced Visibility: Provides a centralized view of revenue streams across platforms.
- Cost Savings: Minimizes financial losses due to missed transactions or reconciliation delays.
- POS to Third-Party Ordering Reconciliation:
- Matches POS transaction data with third-party ordering platforms like food delivery apps.
- Attribute discrepancies due to disputes, discounts and others.
- Payment Gateway to Bank Reconciliation:
- Reconciles payments processed via third-party gateways with deposits into bank accounts.
- Identifies and resolves issues with settlement delays or incorrect fees.
- End-to-End Revenue Tracking:
- Tracks revenue from the point of sale to the bank, ensuring no loss or misallocation.
- Refund and Adjustment Management:
- Reconciles refunds and payment adjustments across all systems for accurate reporting.
Built on the VAL platform, the Revenue Reconciliation Package ensures:
- Seamless integration with POS, third-party vendors, and banking systems.
- Automated data cleaning and transformation for reconciliation-ready datasets.
- Real-time updates for reconciliation accuracy and timeliness.
File Drop
AZ Digital Dine Plan Lvl 5 IMakan Megapos Suntoyo Vivipos (AZ Digital) Xilnex
Market Place
Deliveroo Food Panda Grab
Bank Payment
AMEX Cybersource DBS Card Centre (CC) DBS Max Paynow OCBC Card Centre (CC) UOB Card Centre (CC)
Ordering Payment
Aigens (Adyen) Aigens (Stripe) Getz Pay IMakan (Stripe) Oddle NinjaOS Stripe Tabsquare (Adyen) Yqueue
3P Payment Mode
Adyen Adyen Ecom Fave Pay CDC Voucher NETS Shopee Pay Shopback Pay
