Payment Reconciliation

Automated Payment Reconciliation Software for Every Payment Channel

Chasing settlements across cards, wallets, & bank feeds burns days every month. Reduce manual effort and close your books faster with Taxilla's automated payment reconciliation.

  • 1M+ Transactions Reconciled
  • 99% Match Accuracy
  • 100% Audit-Ready

What is Payment Reconciliation Software

Payment reconciliation software automatically matches transactions across sales orders, invoices, payment gateways, settlements, and bank statements, confirming every payment collected is fully accounted for and traceable to its source.

Orders → Invoices → Payment Gateway → Settlement → Bank → ERP

As businesses add more payment methods and sales channels, reconciliation becomes fragmented and complex, making it difficult to maintain a consolidated view of cash collections. Automated payment reconciliation replaces manual spreadsheet work with a system that flags mismatches as they happen, not weeks later at close - giving finance teams complete visibility into collections, settlements, refunds, fees, and exceptions.

  • Cash Reconciliation
  • Card Reconciliation
  • Payment Gateway Reconciliation
  • POS Reconciliation
  • Bank Reconciliation
  • Digital Wallet Reconciliationt

Why does payment reconciliation break down as you scale?

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01

Fragmented Payments

A single order may be paid using card, cash, wallet, loyalty points, or gift card. Consolidating these transactions into one reconciled order is complex and error prone.

02

Delayed Settlements

Different settlement providers settle funds on different timelines (T+1, T+2, T+5, or longer). Tracking pending and delayed settlements manually is difficult.

03

Manual File Prep

Finance teams spend significant time downloading, cleaning, standardizing, and formatting files before reconciliation can begin.

04

Volume Breakdown

Excel can't reconcile millions of transactions without errors slipping through. It is slow and unscalable.

05

Blind Spots on Cash

No clear visibility into refunds, chargebacks, or where cash is stuck between payment gateways and banks.

Manual vs Automated Payment Reconciliation

What changes when you automate payment reconciliation?

Parameter Manual Process Automated Payment Reconciliation
Transaction matching Row-by-row in Excel Auto-matched across sources
Multi-channel visibility Separate files per channel One unified view
Match accuracy Prone to human error Up to 99% accuracy
Month-end close Takes days Up to 3x faster
Exception handling Found late, after close Flagged in real time
Headcount to scale Grows with volume Stays flat as volume grows

How does Taxilla's Automated Payment Reconciliation Software work?

Taxilla's payment reconciliation solution connects your sales channels, payment gateways, settlement providers, banks, and ERP into a single reconciliation layer, so your team analyzes exceptions instead of formatting files.

Marketplace Orders

Invoice <> Payment Gateway Transactions (CORE)

POS, RMS, D2C invoices matched with payment gateway transactions

Returns & Cancellations

Payment Gateway <> Settlement Reports (MSA) (CORE)

Each payment gateway transaction mapped to its respective settlement

Orders Fulfilled

Settlement Reports <> Bank Statements (CORE)

Each settlement - sale, refund, chargeback - traced to bank deposit

Payment Settlements

Sales Order <> Invoice (ADD-ON)

Customer orders matched with generated invoices to confirm billing accuracy

Payment Settlements

Bank Statements <> ERP GL (ADD-ON)

Bank deposits matched to journal entries booked in your ledger

Missing or short payments
Fulfilled orders billed late or never billed
Unmatched refunds and chargebacks
Duplicate transactions
Overcharged processor fees
Payments not yet deposited to bank

For every mismatch, your finance team can immediately see:

Which order has the discrepancy
Which settlement or refund was affected
Which channel and payment mode it originated from
What is the revenue leakage and why

Nothing sits in a spreadsheet waiting to be found at month-end.

Marketplace Order Fulfilment Reconciliation
01

Data Standardization

  • Ingest data in any format - JSON, PDF, Excel, CSV, Email, Zip
  • Connect to any source system – API or SFTP
Marketplace Payment Reconciliation
02

Mult-Channel Matching

  • Supports cards, wallets, ACH, BNPL, UPI
  • Configurable rules for cash, store credit, loyalty points
Marketplace Settlement to Bank Reconciliation
03

Fee Validation

  • Compare fees deducted with agreed rate cards
  • Verify intermediary fees, commissions, charges
Marketplace Settlement Fee Validation
04

ERP Posting

  • Consume ERP-specific templates and posting rules
  • Post journal entries directly to ERP
ERP Invoice & Credit Notes Reconciliation
05

FX Conversion

  • Automated FX rate capture for all currencies
  • Apply FX conversion during transaction matching
ERP Book Closure
06

Analytics & Reporting

  • Reconciliation summary reports and dashboards
  • Clear view of exceptions and recommended actions

Step-by-Step Payment Reconciliation Process

STEP 01

Connect to source systems and fetch data

STEP 02

Transaction Matching between data set

STEP 03

Review Exceptions

STEP 04

Payment Posting

STEP 05

View reports and dashboards

What automated payment reconciliation delivers

Up to 99%

Auto Match Rate

70-80%

Manual Effort Saved

3x faster

Month-end Close

1-3%

Revenue Leakage Identified

Estimate Annual Savings from automating payment reconciliation

Your Numbers

$ USD
people
$ USD
hrs
%

Current State

Annual GMV
$24,000,000
1,200,000 orders / year
Total Hours Spent Manually / Year
720
by the finance team

Your ROI with Automation

Annual Cost Savings
$135,000
90% of finance team cost
Hours Saved / Year
648
9 days/month
Errors Prevented / Year
21,600
90% of reconciliation errors
Payback Period
1.0 months
Tool cost $12,600/yr
* Estimates are based on industry benchmarks. Actuals may vary as per your current processes.

The Technology Behind the Payment Reconciliation Software

AI-Powered Matching Engine

Automatically reconciles complex, high-volume datasets across formats, learning patterns to improve match accuracy over time.

Cloud-Native SaaS

Processes millions of transactions without performance loss, scaling with your transaction volume as you grow.

Format-Agnostic Ingestion

Accepts API, Excel, CSV, PDF, text, ZIP, or email attachments, so no source system is left out of reconciliation.

API-First Architecture

Pre-built connectors for major ERPs and payment systems pull real-time data with no manual exports.

Enterprise-Grade Security

SOC 2 compliant with granular role-based access controls protecting sensitive financial data.

Complete Auditability

Full version history and immutable audit trails on every transaction, ready for internal or external audit.

Seamless Integrated Across Your Ecosystem

Taxilla's payment reconciliation software layers on top of your existing stack and connects over API, SFTP, or secure file transfer, no rip-and-replace.

ERPs

ERPs

POS / RMS

ERPs

Payments

Operational Sources

Banks

Operational Sources

Settlement Providers

Operational Sources

Flexible Plans for Every Stage of Your Business

Choose a plan built for your reconciliation complexity and order volume.

Growth

  • 10,000 orders / months
  • 1 Dashboard Users
  • Invoice ↔ Payment Gateway
  • Payment Gateway ↔ Settlement
  • Settlement ↔ Bank
  • Advanced Features

  • FX Conversion
  • Settlement Fee Validation
  • Add-Ons

  • Sales Order ↔ Invoice Reconciliation
  • Bank to GL Reconciliation
  • ERP Payment Posting
  • Support Plans

  • Standard Support - Included
  • Priority Support +15% of subscription
  • Premier Support +22.5% of subscription

Enterprise

  • Custom orders / month
  • 3 Dashboard Users
  • Invoice ↔ Payment Gateway
  • Payment Gateway ↔ Settlement
  • Settlement ↔ Bank
  • Advanced Features

  • FX Conversion
  • Settlement Fee Validation
  • Add-Ons

  • Sales Order ↔ Invoice Reconciliation
  • Bank to GL Reconciliation
  • ERP Payment Posting
  • Support Plans

  • Standard Support - Included
  • Priority Support +15% of subscription
  • Premier Support +22.5% of subscription

*Growth Plan starts from $99/month.

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Frequently asked questions

How does automated payment reconciliation reduce manual work?
It replaces manual spreadsheet matching with automatic matching across orders, invoices, and bank data, cutting manual reconciliation effort by 70-80% for most finance teams.
Can it handle large transaction volumes?
Yes. Taxilla's platform is cloud-native and processes millions of transactions monthly without performance loss, unlike Excel-based reconciliation which breaks down at scale.
How long does implementation take?
Implementation typically takes 4-6 weeks depending on the number of source systems and integration complexity.
Does it integrate with our existing ERP and payment gateways?
Yes. Taxilla connects via API, SFTP, or secure file transfer to major ERPs, POS systems, payment gateways, and banks without requiring you to replace existing systems.
How much involvement is required from our IT team?
IT involvement is limited mostly to initial API or SFTP setup and access provisioning. No other IT dependency.
Can it handle multiple entities and currencies?
Yes. The platform supports multi-entity and multi-currency reconciliation, standardizing data from each entity into one unified matching layer.
Does it catch fraud or overcharged fees?
Yes. The system flags duplicate transactions, unmatched refunds, chargebacks, and overcharged processor fees as part of automated payment reconciliation.

Every Sale Accounted For. Every Settlement Verified. See Payment Reconciliation Software in Action.

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