SafeCharge, a payments technology company, has launched SafeCharge Reconciliation Manager, a new solution for businesses.
The Reconciliation Manager will automate the matching of transactions across payment service providers, merchant platforms and banks. By consolidating and automating the reconciliation process with SafeCharge Reconciliation Manager, businesses in any industry can benefit from increased control, reporting accuracy, reduced costs, and retrieval of revenues from incorrect reconciliation.
Guido Murguia, CFO at Caliente Interactive, a SafeCharge Reconciliation Manager user, stated: “By implementing SafeCharge’s Reconciliation Manager Solution, we have been able to recover significant revenues that would have otherwise been lost.
“Through careful monitoring of transactions across multiple payments providers, platforms and bank accounts, SafeCharge identified inconsistencies and addressed these outstanding transactions until all funds were reconciled.Through SafeCharge’s transparent and accurate reporting, we have a snapshot of our financial position at all times allowing us to have more control over fees, deposits, withdrawals, account balances and chargebacks.”
The new solution will automatically harmonise settlements across multiple providers with businesses bank accounts. This will ensure that the correct amount has been sent and received swiftly.
David Avgi, CEO of SafeCharge, added: “For businesses with multiple payment partners, SafeCharge Reconciliation Manager is the ideal solution to streamline all reporting into a single unified overview, to ensure that all payments have been received correctly and that processing fees are in line with related service contracts.
“We are saving our customers thousands of dollars in revenue and putting them back in control of their payments.”