ReconHub

Automated reconciliation of turnover for your company

With the introduction of cashless payment and the success it has enjoyed, many merchants are faced with the challenge of posting their sales slips against bank credits across all sales channels in both distance and face-to-face business. Furthermore, the means of payment are growing in number and, with that, the complexity of settlement. It is true that every bank and every provider of payment solutions offers its data digitally, not to mention that all cash register software and every web shop provide the sales slips in electronic form. But who takes care of data procurement, secure data retrieval, the reconciliation of this data (shopping cart, payment method, bank) and posting to the correct accounts and cost centres? ReconHub from our partner Abrantix is the first software of its kind in Europe to solve this problem with a holistic approach.

Efficient accounting through automated reconciliation and posting

ReconHub reconciles your means of payment in a fully automated manner and on a transaction-specific basis and posts it in the accounts regardless of the type of turnover (cash, cashless), place of turnover (point of sales, e-commerce or m-commerce, marketplaces) or currency.

Here’s how ReconHub works

To get the ball rolling, ReconHub is installed in your system environment and the service is configured to your needs. Thanks to a user-friendly management cockpit and a traffic light system, you can keep track of your transactions at all times.

ReconHub automatically obtains the turnover data from the checkout (cash register/POS, e-commerce and m-commerce), the acquirer’s crediting data and the bank’s account credits.
The data is loaded automatically into the database of ReconHub.
The posting rules for automated posting are defined in the core module and data is reconciled on a transaction-specific basis.
The data is exported and posted directly to your financial accounting.

Your benefits with ReconHub

Audit-compliant

Verifiability through documentary evidence for the individual booking processes

Multi-client enabled

Access possible by different departments or companies

Flexible

Individually configurable, suitable for any size of company and open to all financial accounting systems

Interface

Connection to more than 35 ERP systems (SAP, MS dynamics, Sage, Abacus and many more)

Secure

No data is passed on to third parties

Why automated reconciliation with ReconHub is a great idea for you

Increased accuracy

The fully automated reconciliation of turnover increases accuracy, always offers up-to-date monitoring of turnover and eliminates the manual effort involved with reconciliation and posting to accounts.

Individual configuration and flexible application

The solution is individually configured and provides transparency to all solution providers and accounting departments.

Focus: electronic payment transactions

This solution was specifically designed for companies with turnover generated by electronic payment transactions.

Have we aroused your interest?

Get in touch with us - we'll be happy to show you how you can increase your turnover with cashless payment options.

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