Revolutionize OTT Financial Operations with Automated Reconciliation
Simplify subscription management, revenue tracking, and global transactions with unmatched accuracy and speed.
OTT Commerce Industry
The Over-The-Top (OTT) commerce industry operates in a fast-evolving digital landscape, managing millions of transactions daily across subscriptions, pay-per-view models, and in-app purchases. With global audiences, multiple currencies, and diverse payment methods, financial reconciliation becomes highly complex.
Manual reconciliation leads to inefficiencies, delayed revenue recognition, and inaccurate reporting, affecting cash flow and decision-making.
Cointab’s automated reconciliation software eliminates these challenges, ensuring precise, scalable, and real-time reconciliation tailored to the OTT industry’s unique financial ecosystem.
Industry Challenges for OTT Commerce Industry
High Volume of Transactions
Subscriptions, pay-per-view payments, and refunds generate millions of transactions that require error-free reconciliation.
Global Audience and Multi-Currency Complexity
OTT platforms cater to global customers, requiring seamless reconciliation of payments in multiple currencies.
Subscription Management Challenges
Frequent subscription renewals, cancellations, and refunds add layers of complexity to financial tracking.
Scaling During High-Demand Periods
Major releases or events drive spikes in transactions, overwhelming manual reconciliation processes.
Compliance and Tax Reporting
OTT platforms must comply with global tax regulations like VAT, GST, and other reporting standards, requiring detailed financial reports.
How Cointab Helps the OTT Commerce Industry
Cointab simplifies and automates financial reconciliation for OTT Commerce, addressing the industry’s key challenges:
Problem
Manual reconciliation of subscriptions
Multi-currency and global payments
Refunds and chargebacks
Compliance and tax reporting complexities
Scaling during high-traffic periods
With Cointab
Automated reconciliation ensures real-time accuracy.
Support for all currencies and global payment gateways.
99% accurate tracking and management of disputes.
Audit-ready financial reports generated automatically.
Seamlessly handles millions of transactions without delays.
Cointab’s Features for OTT Commerce Industry
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Subscription Payment Reconciliation
Automatically match recurring payments, renewals, and cancellations across multiple payment gateways. -
Pay-Per-View and In-App Purchase Tracking
Reconcile one-time transactions with unparalleled accuracy and speed. -
Global Payment and Multi-Currency Support
Reconcile payments in multiple currencies, ensuring seamless operations for international audiences. -
Refund and Chargeback Automation
Manage refunds and chargebacks with 99% accuracy to reduce errors and improve customer satisfaction. -
Real-Time Error Detection
Identify and resolve discrepancies instantly to ensure smooth financial operations. -
Custom Reporting for Tax Compliance
Generate detailed reports tailored to VAT, GST, and other global tax regulations. -
API and Platform Integration
Integrate seamlessly with OTT platforms.
Why Automation is Critical for OTT Commerce?
Explosive Growth
The global OTT market is projected to reach $275 billion by 2027, driving significant growth in transaction volume.
Manual Reconciliation is Costly
PwC estimates that manual reconciliation inefficiencies cost businesses up to $30,000 annually.
High Subscription Churn Rates
Industry research highlights that OTT platforms face an average churn rate of 30%, making accurate reconciliation essential.
Global Payment Challenges
Cross-border payments account for 40% of disputes in the OTT space, underscoring the need for automated reconciliation.
Benefits of Using Cointab in OTT Commerce Industry
For Finance Teams
- Save over 400 hours/month by automating payment reconciliation.
- Reduce manual errors by 95%, ensuring accurate financial records.
For OTT Platforms
- Deliver audit-ready financial reports to comply with global tax and regulatory standards.
- Seamlessly scale operations during major content launches and promotional periods.
For Customers
- Ensure timely refunds and accurate subscription management for an improved user experience.
- Build trust with seamless and error-free financial processes.