SAP SE, a prominent German enterprise, is the driving force behind SAP ERP, an advanced enterprise resource planning software utilized by businesses spanning over 25 industries. This powerful tool is designed to streamline business management for both major corporations and smaller firms, promoting innovation, operational excellence, and real-time insights.
In the realm of manual ERP systems, maintaining a transparent audit trail can prove challenging, particularly when online data isn’t seamlessly integrated. Cointab’s Reconciliation software provides a sophisticated solution by automating the reconciliation process within your ERP. By eliminating human error and optimizing workflows, it ensures a seamless and accurate auditing experience.
For online businesses dealing with the complexities of payment gateway integration, aligning payment gateway data and website reporting within an ERP system can be a daunting task. Cointab’s Reconciliation software simplifies this process through automated data integration, guaranteeing precision through data transformation and adherence to business rules. The result is a comprehensive reconciliation report, shedding light on inconsistencies and missing payments, while confirming the alignment of ERP payments with reports from both payment gateway partners and websites.
In this case, all the reconciled and unreconciled transactions present in the ERP reports and Website reports are cross-checked with each other to find an accurate overview.
In the realm of manual ERP systems, maintaining a transparent audit trail can prove challenging, particularly when online data isn’t seamlessly integrated. Cointab’s Reconciliation software provides a sophisticated solution by automating the reconciliation process within your ERP. By eliminating human error and optimizing workflows, it ensures a seamless and accurate auditing experience.
For online businesses dealing with the complexities of payment gateway integration, aligning payment gateway data and website reporting within an ERP system can be a daunting task. Cointab’s Reconciliation software simplifies this process through automated data integration, guaranteeing precision through data transformation and adherence to business rules. The result is a comprehensive reconciliation report, shedding light on inconsistencies and missing payments, while confirming the alignment of ERP payments with reports from both payment gateway partners and websites.
ERP with Website
In this case, all the reconciled and unreconciled transactions present in the ERP reports and Website reports are cross-checked with each other to find an accurate overview.
Found & Reconciled in Website
The transactions that are found and reconciled in the website report are shown here.
Less Payment recorded from Website
Here, discrepancies were noticed when the amount present in the website report is less than the amount present in the ERP report.
More Payment recorded from Website
In this case, the discrepancies were identified when the amount present in the website report is more in comparison to the amount present in the ERP report.
Not found in Website
The transactions that are not found in the website report but only in the ERP reports are shown here.
Canceled Transactions
These transactions are present in the ERP reports but have been canceled.
The transactions that are found and reconciled in the website report are shown here.
Less Payment recorded from Website
Here, discrepancies were noticed when the amount present in the website report is less than the amount present in the ERP report.
More Payment recorded from Website
In this case, the discrepancies were identified when the amount present in the website report is more in comparison to the amount present in the ERP report.
Not found in Website
The transactions that are not found in the website report but only in the ERP reports are shown here.
Canceled Transactions
These transactions are present in the ERP reports but have been canceled.
Website with ERP
Found & Reconciled in ERP
These transactions are found and reconciled in the ERP report.
Less Payment recorded in ERP
The discrepancies were noticed when the amount recorded in the ERP report is more than the amount present in the website report.
More Payment recorded in ERP
Here, the discrepancies were identified as the amount present in the ERP report is more than the amount present in the website report.
Not found in the ERP report.
This consists of the payments that are not found in the ERP report but only in the website report.
Canceled Transactions
Transactions present in the website reports have been canceled.
The software here cross-checks the ERP reports with the Payment Gateway report. This shows you the comparison of your transactions with the Payment Gateway reports and ERP reports.
These transactions are found and reconciled in the ERP report.
Less Payment recorded in ERP
The discrepancies were noticed when the amount recorded in the ERP report is more than the amount present in the website report.
More Payment recorded in ERP
Here, the discrepancies were identified as the amount present in the ERP report is more than the amount present in the website report.
Not found in the ERP report.
This consists of the payments that are not found in the ERP report but only in the website report.
Canceled Transactions
Transactions present in the website reports have been canceled.
ERP with Payment Gateway
The software here cross-checks the ERP reports with the Payment Gateway report. This shows you the comparison of your transactions with the Payment Gateway reports and ERP reports.
Found & Reconciled in Payment Gateway
The transactions here are found and reconciled in the Payment Gateway reports but not in the ERP reports.
Less Payment recorded from Payment Gateway
Differences are noticed as the amount present in Payment Gateway report is less compared to the amount present in the ERP report.
More Payment recorded from Payment Gateway
In this case, discrepancies are noticed as the amount recorded in the Payment Gateway report is more than the amount present in the ERP report.
Not found in Payment Gateway
The transactions that are not present in the Payment Gateway report but only in the ERP report are recorded in this column.
Canceled Transactions
Transactions are present in the ERP reports but they have been canceled.
The transactions here are found and reconciled in the Payment Gateway reports but not in the ERP reports.
Less Payment recorded from Payment Gateway
Differences are noticed as the amount present in Payment Gateway report is less compared to the amount present in the ERP report.
More Payment recorded from Payment Gateway
In this case, discrepancies are noticed as the amount recorded in the Payment Gateway report is more than the amount present in the ERP report.
Not found in Payment Gateway
The transactions that are not present in the Payment Gateway report but only in the ERP report are recorded in this column.
Canceled Transactions
Transactions are present in the ERP reports but they have been canceled.
Payment Gateway with ERP
Found & Reconciled in ERP
Transactions seamlessly reconciled in both payment gateway and ERP reports.
Less Payment recorded in ERP
Here, the discrepancies are identified when the amount recorded in the ERP reports is less than the amount present in the Payment Gateway report.
More Payment recorded in ERP
In this case, the discrepancies are identified as the amount present in the ERP report is more compared to the amount present in the Payment Gateway report.
Transactions not recorded in the ERP
Transactions that are not recorded in the ERP reports are shown here.
Canceled Transactions
Transactions present in the Website reports have been canceled from the customer end.
Cointab Reconciliation delivers a seamless solution for validating ERP, Payment Gateway, and Website reports. Our software guarantees report accuracy by eliminating duplicates and inconsistencies and tailoring features to your specific requirements. This empowers finance teams to monitor payments from gateways and manage website reports efficiently, mitigating the risk of missed payments. Cointab Reconciliation’s advanced workflow and automation elevate productivity and efficiency throughout your operations. Streamline your reconciliation processes with precision and ease.
Transactions seamlessly reconciled in both payment gateway and ERP reports.
Less Payment recorded in ERP
Here, the discrepancies are identified when the amount recorded in the ERP reports is less than the amount present in the Payment Gateway report.
More Payment recorded in ERP
In this case, the discrepancies are identified as the amount present in the ERP report is more compared to the amount present in the Payment Gateway report.
Transactions not recorded in the ERP
Transactions that are not recorded in the ERP reports are shown here.
Canceled Transactions
Transactions present in the Website reports have been canceled from the customer end.
Cointab Reconciliation delivers a seamless solution for validating ERP, Payment Gateway, and Website reports. Our software guarantees report accuracy by eliminating duplicates and inconsistencies and tailoring features to your specific requirements. This empowers finance teams to monitor payments from gateways and manage website reports efficiently, mitigating the risk of missed payments. Cointab Reconciliation’s advanced workflow and automation elevate productivity and efficiency throughout your operations. Streamline your reconciliation processes with precision and ease.
