Oracle Cloud Enterprise Resource Planning (ERP) is a cloud-based software suite by Oracle Corporation introduced in 2012. It covers accounting, financial management, project management, and procurement, providing end-to-end solutions.
When relying on a manual ERP system, it can be challenging to ensure a clear audit trail, especially when website information is not integrated into the ERP. Cointab’s software provides the solution by automating the reconciliation process within your ERP, eliminating manual errors and streamlining operations.
As an online retailer, integrating a payment gateway into your website for seamless customer payments is crucial. If your organization uses an ERP framework, expecting accurate payment gateway data and website reports with ERP can be complex. Our software simplifies this process by automating data integration and connecting your ERP with payment gateway reports and website reports. The software creates a reconciliation report with accurate payment alignment verification between your ERP system, payment gateway partner’s report, and website report, pinpointing discrepancies and missing payments.
When relying on a manual ERP system, it can be challenging to ensure a clear audit trail, especially when website information is not integrated into the ERP. Cointab’s software provides the solution by automating the reconciliation process within your ERP, eliminating manual errors and streamlining operations.
As an online retailer, integrating a payment gateway into your website for seamless customer payments is crucial. If your organization uses an ERP framework, expecting accurate payment gateway data and website reports with ERP can be complex. Our software simplifies this process by automating data integration and connecting your ERP with payment gateway reports and website reports. The software creates a reconciliation report with accurate payment alignment verification between your ERP system, payment gateway partner’s report, and website report, pinpointing discrepancies and missing payments.
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 get an accurate overview.
Found and Reconciled with Website Report
Transactions are seamlessly reconciled in both website and ERP reports.
Less Amount Recorded in Website Report
The discrepancy was identified where the website report shows a lower amount compared to ERP reports.
More Amount Recorded in Website Report
The discrepancy was identified where the website report shows a higher amount compared to ERP reports.
Not Found in Website Report
Transactions are present in ERP reports but are not reflected in website reports.
Canceled Transactions
These transactions are present in the ERP reports but have been canceled.
Transactions are seamlessly reconciled in both website and ERP reports.
Less Amount Recorded in Website Report
The discrepancy was identified where the website report shows a lower amount compared to ERP reports.
More Amount Recorded in Website Report
The discrepancy was identified where the website report shows a higher amount compared to ERP reports.
Not Found in Website Report
Transactions are present in ERP reports but are not reflected in website reports.
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 but not in the Website report.
Less Payment recorded in ERP
The discrepancy was identified where the ERP reports show a lower amount compared to website reports.
More Payment recorded in ERP
The discrepancy was identified where the ERP reports show a higher amount compared to website reports.
Not found in the ERP report
Transactions are present in Website reports but not reflected in ERP reports.
Canceled Transactions
Transactions present in the website reports have been canceled.
These transactions are found and reconciled in the ERP report but not in the Website report.
Less Payment recorded in ERP
The discrepancy was identified where the ERP reports show a lower amount compared to website reports.
More Payment recorded in ERP
The discrepancy was identified where the ERP reports show a higher amount compared to website reports.
Not found in the ERP report
Transactions are present in Website reports but not reflected in ERP reports.
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
Here, the transactions are found as well as reconciled in the Payment Gateway reports.
Less Payment recorded from Payment Gateway
The discrepancy was identified when the payment gateway reports showed a lower amount compared to ERP reports.
More Amount Recorded in Payment Gateway
The discrepancy was identified where the Payment gateway reports show a higher amount compared to ERP reports.
Not Found in Payment Gateway
Transactions are present in ERP reports but not reflected in Payment gateway reports.
Canceled Transactions
Transactions are present in the ERP reports but they have been canceled.
Here, the transactions are found as well as reconciled in the Payment Gateway reports.
Less Payment recorded from Payment Gateway
The discrepancy was identified when the payment gateway reports showed a lower amount compared to ERP reports.
More Amount Recorded in Payment Gateway
The discrepancy was identified where the Payment gateway reports show a higher amount compared to ERP reports.
Not Found in Payment Gateway
Transactions are present in ERP reports but not reflected in Payment gateway reports.
Canceled Transactions
Transactions are present in the ERP reports but they have been canceled.
Payment Gateway with ERP
Found & Reconciled in ERP
Here we can see the transactions that are found and reconciled in the ERP system.
Less Payment recorded in ERP
The discrepancy was identified where the ERP report shows a lower amount compared to payment gateway report.
More Amount Recorded in ERP Report
The discrepancy was identified where the ERP report shows a higher amount compared to the payment gateway report.
Not Found in ERP Report
Transactions are not found in ERP reports but are present in payment gateway reports.
Canceled Transactions
Transactions present in the Payment gateway reports have been canceled from the customer end.
For seamless reconciliation of your ERP reports, Payment Gateway reports and Website reports, trust Cointab Reconciliation to verify the above transactions with efficiency and give you an accurate overview of your data. Our software cleans the data by removing duplicates and inconsistencies according to your needs. These results empower your finance teams to efficiently check payments received from the payment gateway partner and track your website reports with efficiency. This automation ensures you don’t miss out on payments, and your finance teams are relieved from manual reconciliation tasks. Boost Productivity and Efficiency with Cointab Reconciliations advanced workflow and automatic features.
Here we can see the transactions that are found and reconciled in the ERP system.
Less Payment recorded in ERP
The discrepancy was identified where the ERP report shows a lower amount compared to payment gateway report.
More Amount Recorded in ERP Report
The discrepancy was identified where the ERP report shows a higher amount compared to the payment gateway report.
Not Found in ERP Report
Transactions are not found in ERP reports but are present in payment gateway reports.
Canceled Transactions
Transactions present in the Payment gateway reports have been canceled from the customer end.
For seamless reconciliation of your ERP reports, Payment Gateway reports and Website reports, trust Cointab Reconciliation to verify the above transactions with efficiency and give you an accurate overview of your data. Our software cleans the data by removing duplicates and inconsistencies according to your needs. These results empower your finance teams to efficiently check payments received from the payment gateway partner and track your website reports with efficiency. This automation ensures you don’t miss out on payments, and your finance teams are relieved from manual reconciliation tasks. Boost Productivity and Efficiency with Cointab Reconciliations advanced workflow and automatic features.
