Simplify payments reconciliation
Reduce time spent matching payments manually. Minimise complexity and achieve effortless financial accuracy.
Reduce time spent
on reconciliation by leveraging our payment matching algorithm and confirming suggested matches.
through our automated reconciliation and exception handling.
Monitor your progress
through our live data import and progress tracking.
Interested in automating and optimising your reconciliation process?
Live data import
Through our integrations we access your live bank and ERP data, and ensure that the information in the platform is always up-to-date.
Payment matching algorithm
Our payments matching algorithm detects suggested payment matches to ease your reconciliation process.
Our payments matching engine detects a perfect match based on amount, invoice number, name, and date.
Multiple and partial matching
Confirm one-to-one, one-to-many, and partial payment matches.
Account for scenarios of over or underpayment resulting from forex, bank feed, interest, etc.
Monitor your reconciliation progress and track the remaining transactions that require attention.
Can you manage multiple currencies through Kolleno?
Yes. We recognise 150+ currencies, thus if your business issues invoices in multiple currencies we will recognize the transactions and account for them using the exchange rate on the day of the transaction. Your company dashboard will be displayed in the currency of the country where your business is established, although your company reports can be segregated by currency and region.
How do you ensure there are no errors?
Our algorithm makes suggestions for potential and perfect matches, displaying a percentage score of how likely the transactions are a match based on the amount, invoice number, name, and date. You can then proceed to accept the reconciliation match, thus verifying the match.
Can I make changes once reconciled?
Yes, you can view and adjust or undo all your previous reconciled transactions when necessary.
Which ERP systems do you integrate with?
We have one-click integrations built with Xero, Clio, Quickbooks, Sage, SAP, Netsuite and many others. We also have an open API enabling us to integrate with any cloud-based system.
How often does Kolleno sync with my accounting system?
Once integrated, we have access to the live data from your cloud-based systems. This ensures that all of the information in our system is up to date, and thus triggers for automated communications are precise.