Definition
Instant reconciliation is the process of matching incoming payments with invoices or transaction records in real time, ensuring accurate financial reporting without manual delays.
How this works
Payments from multiple sources are captured and mapped to orders or invoices automatically. A central system validates transaction IDs, timestamps, and amounts, then updates ledgers immediately.
Benefits
• Faster financial closing
• Reduced operational effort
• Fewer accounting errors
• Real time business visibility
FAQs
What problem does instant reconciliation solve?
It eliminates manual matching, spreadsheet errors, and settlement delays.
Does instant reconciliation support multiple payment modes?
Yes. It works across UPI, cards, net banking, wallets, and bank transfers.
How does instant reconciliation help finance teams?
It automates settlements, improves accuracy, and speeds up reporting cycles.
Can instant reconciliation detect mismatched or failed payments?
Yes. It flags discrepancies so they can be reviewed and corrected quickly.