Overview

EnKash Automated Reconciliation streamlines the complex process of matching payments with invoices and bank statements by removing manual effort and reducing human errors. It automatically integrates with bank feeds, payment sources, and ERP systems to capture transactions in real time. Configurable matching rules ensure high accuracy, while unmatched items are flagged for review through intuitive exception workflows. Finance teams gain audit-ready transaction histories, compliance support, and real-time visibility into cash positions through visual dashboards and reports. The solution supports reconciliation across multiple banks and payment rails and functions seamlessly as part of EnKash’s broader spend-management ecosystem, helping businesses accelerate month-end close, improve accuracy, and maintain tighter financial control.

Features and Capabilities

• Integration & Data Sources: Connects with banks, payment gateways, and ERP systems to import and reconcile transactions automatically.
• Rule-based Matching: Offers customisable rules based on amounts, dates, references, or customer IDs to automatically match payments to invoices with minimal manual work.
• Multi-bank Reconciliation: Consolidates reconciliation across multiple bank accounts and payment methods, mapping statement lines to invoices and card transactions in one view.
• Exception Management: Flags unmatched or unclear transactions for manual review with suggested matches and simplified resolution workflows.
• Visual Dashboards & Reporting: Provides real-time dashboards for reconciliation status, cash flow, and ageing, along with exportable, audit-ready reports.
• Fraud & Duplicate Detection: Detects duplicate entries and suspicious activity to strengthen internal controls and reduce risk.
• ERP & Accounting Sync: Automatically updates accounting systems or ERP records after reconciliation to keep financial books aligned and accelerate financial close.
• Configurable Workflows & Audits: Tracks approvals, changes, and user actions to maintain transparency and speed up audit processes.
• 24/7 Availability & Scalability: Cloud-based design ensures continuous availability and scalability to handle growing transaction volumes.
• Complementary Modules: Works seamlessly with other EnKash solutions like Auto Collect, Digital Invoicing, and Collection Analytics for end-to-end receivables automation.