The receivable-payable accounts, namely reconciliation processes between companies and their clients were handled physically, which was bringing many challenges along. E-Reconciliation application, one of the e-Transformation applications has emerged with the need to migrate this process to electronic environment. To better understand the electronic reconciliation solution, let’s begin by answering the questions such as “what is e-reconciliation, is e-reconciliation mandatory, and what are the benefits of e-reconciliation?” 

What is E-Reconciliation?

E-Reconciliation is a solution which enable reconciliation between clients, vendors current accounts and BA and BS of companies over Internet/e-mail, reporting the results directly over ERP system.

What are the advantages of E-Reconciliation?

  • The time spent for the physical reconciliation is at the minimum levels with e-reconciliation application. It helps staff use their time more productively and efficiently.
  • Employee cost is also minimized as digital transactions reduce the need for labor.
  • E-Reconciliation reduces the costs such as paper, cargo, archiving.
  • It also reduces the costs arising from correcting mistakes.
  • E-Reconciliation is eco-friendly.
  • Disputes relating to reconciliations can be resolved instantly in the digital environment.
  • Keeping the records of incoming replies in the system makes a faster monitoring process.

B2F E-Reconciliation Application

With B2F e-reconciliation application that can run integrated with ERP software such as Microsoft Dynamics 365 Business Central, Navision and AX, create, store and view your reconciliations at any time. Migrate your reconciliation process to digital with B2F e-reconciliation solution and leverage speed and efficiency in your processes.

Features of B2F E-Reconciliation Solution

Time and Cost Advantage

Instead of reconciliation using paper/fax or phone, Dynamics ERP is used to send the reconciliations to concerned parties and monitor the replies online. 

Integration Opportunities

It provides the infrastructure for direct integration with your B2B and B2C systems (e-commerce, portal applications).

Ease of Monitoring and Reporting

It is easier to monitor the delivery status of e-mail notifications, and to request addressees to send their own reconciliation files, and it is possible to enter multiple contacts. 

Familiar Screens

Since entire solution is designed on the Dynamics ERP, users work on the interface they are already familiar with, and does not require separate system/software/interface need/installation.

Multi-Language and View Support

It is possible to define the reconciliation screens and e-mail templates in own language of the reconcilee directly over Dynamics ERP. 

Is E-Reconciliation Mandatory?

  • E-reconciliation is not mandatory. E-Reconciliation can be used optionally.
  • All companies who want to save time and reduce costs can use E-Reconciliation application.
  • All companies with a vast number of solution partner, business partner or vendors can migrate to E-Reconciliation.

Blog Posts

Take a glance at our blog posts for other contents you wonder about.

Contact Us

If you want to migrate to E-reconciliation system, you can contact us now. We can discuss details by scheduling a meeting.