For payment reconciliation and account reconciliation among multiple banks and accounts, the software must be embedded in your ERP for maximum accuracy and efficiency, and minimal risk. Embedding the app minimizes the number of connections necessary for importing and exporting data, and allows teams to work simultaneously with the most up-to-date information across the enterprise, reducing delays. Direct ERP connectivity brings real-time data into play, allowing treasuries to work off the most up-to-date information available, whenever they need access to it.
Look beyond the basics. Automation, including machine learning or a rules-based approach, allows your system to learn from past events. Over time, the quality of predictive analytics improves, allowing the system to make more transaction matches over time, and to make informed recommendations when an exact match is not found.