Website Reconciliation
Automate & Streamline Your Financial Accuracy
For businesses selling online—whether through your website, marketplaces, or other digital platforms—managing transactions across multiple systems is a complex challenge, but Cointab’s SaaS Reconciliation Software simplifies, automates, and scales the reconciliation process, eliminating errors and inefficiencies. From sales reconciliation and payment gateway tracking to shipping fees and bank statement verification, Cointab ensures that every transaction aligns across your systems, providing full financial transparency and control.
Features
Spend less time reconciling and take decisions quicker with our comprehensive solution
Automation
Automatically load data for multiple reports via integrations with financial softwares
Reconciliation Workflow
Build custom reconciliation workflows to reconcile data and prepare reports
Dashboard
View results to check the reconciled and unreconciled transactions
Automation
Automatically load data for multiple reports via integrations with financial softwares
Reconciliation Workflow
Build custom reconciliation workflows to reconcile data and prepare reports
Dashboard
View results to check the reconciled and unreconciled transactions.
The Challenges of Website Reconciliation
A complex process prone to errors and inefficiencies, hindering growth and profitability.
Multiple Sales Channels
Managing transactions across websites, marketplaces, and other online platforms creates a complex web of data to reconcile.
Diverse Data Formats
Data from different sales channels, payment gateways, and shipping providers often comes in varying formats, making automated reconciliation difficult.
Manual Data Entry and Consolidation
Manually compiling and comparing data from disparate sources is time-consuming, error-prone, and inefficient.
Discrepancy Identification and Resolution
Investigating and resolving discrepancies between sales data, payment gateway reports, and bank statements can be a significant challenge.
Lack of Real-Time Visibility
Without a centralized system, businesses often lack a real-time view of transaction status, making it difficult to identify and address potential issues promptly.
How Cointab Simplifies Website Reconciliation
Cointab’s automated reconciliation system eliminates manual errors, improves accuracy, and enhances financial efficiency.
Centralized Data Integration
Cointab seamlessly integrates with various sales channels, payment gateways, shipping providers, and bank accounts, consolidating all transaction data in one place.
Efficient Data Matching
Cointab's intelligent matching algorithms automatically reconcile website transactions, significantly reducing manual effort and minimizing errors.
Accurate Discrepancy Identification
Cointab automatically flags any discrepancies, allowing businesses to quickly investigate and resolve issues.
Reconciliation Dashboard
Cointab provides a dashboard that displays the status of all website transactions, providing instant visibility and control.
Customizable Reconciliation Workflows
Cointab allows businesses to tailor reconciliation workflows to their specific needs, ensuring accurate and efficient processing.
How Cointab Automates ERP Reconciliation
Automated Matching of Transactions
The system matches orders, invoices, payment gateway settlements, and bank deposits to ensure that every transaction is accounted for correctly.
Direct Integration with various Platforms
Cointab connects directly with numerous platforms, payment gateways, and banking platforms, ensuring all financial data is automatically imported for reconciliation.
Identification of Unmatched Transactions
Cointab flags transactions where payments are missing, excess payments were made, or fees were overcharged, preventing financial discrepancies.
Detailed Financial Reports for Business Insights
Cointab provides interactive dashboards and detailed financial reports, helping finance teams monitor withdrawal trends and optimize fund management.
Accurate Data Importing for Reconciliation
Cointab automatically imports transaction data from various sources, eliminating manual data entry and reducing the risk of errors.
Key Stats on the Importance of Automated Reconciliation
71% of online businesses report reconciliation delays due to manual tracking errors
67% of eCommerce brands struggle with payment gateway discrepancies affecting their financial accuracy
Automating ERP reconciliation reduces financial discrepancies by 60% and improves efficiency
Conclusion
Cointab simplifies and automates website reconciliation, empowering online businesses to save time, reduce errors, and gain real-time visibility into their financial data. By centralizing data, automating matching, and providing real-time insights, Cointab enables businesses to streamline their reconciliation processes, improve financial control, and focus on growth. Ready to transform your website reconciliation? Request a demo today!
