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E-Reconciliation (EMT)

What is E-Reconciliation?

E-Reconciliation is a reconciliation process carried out in an electronic environment. Reconciliation processes traditionally carried out on paper and confirmed via mail have been moved to digital platforms with e-reconciliation. This allows transactions to be completed faster, more economically, and in an eco-friendly way.

Features of E-Reconciliation:

Digital Approval: E-Reconciliation is a process conducted and approved electronically between parties.
Fast and Practical: Issues such as postal delivery, paper waste, and time loss are eliminated.
Secure: The reconciliation between parties can be protected with digital signatures or similar security protocols.
Integration Options: It can be integrated with business process management software such as ERP systems and automated.

What Information is Shared in E-Reconciliation? Typically, e-reconciliation processes involve the sharing of information regarding receivables and payables, invoice details, payment plans, and other financial data. An agreement is reached between the parties on the accuracy and completeness of this information.

E-Reconciliation (EMT) Application

Do you want to make reconciliation processes in customer-supplier relationships more efficient?

Features:

Fast and Reliable: Complete your e-reconciliation transactions smoothly and without losing time.
Automatic Sending: Capability to automatically send reconciliations retrieved from ERP or other systems via email.
Flexible Reconciliation Options: Ability to work with different reconciliation types such as period-based account reconciliations.
User-Friendly Interface: Ability to filter and report reconciliations that are sent, approved, or rejected.

DETAILED INFORMATION FOR EXPERTS

E-Reconciliation is an innovative application that transfers the verification process of financial and commercial transactions to digital platforms. Traditional reconciliation processes conducted on paper and via mail are carried out faster, more securely, and eco-friendly thanks to e-reconciliation.

Digital Approval Mechanisms: The e-reconciliation process takes place electronically between parties. This process is carried out through digital signatures or reliable electronic approval mechanisms, eliminating the need for physical documents unlike traditional reconciliations.
Operational Efficiency: Issues such as postal delivery, paper waste, and time loss caused by traditional reconciliation processes are eliminated. E-Reconciliation accelerates transactions and increases operational efficiency.
High Security Standards: E-Reconciliation ensures secure communication between parties using secure data transfer protocols and encryption technologies. This is especially important when sharing sensitive financial data.
System Integrations: E-Reconciliation can be integrated with ERP (Enterprise Resource Planning) systems and other business process management software. This integration automates reconciliation processes and reduces manual workload.

In e-reconciliation processes, critical information regarding financial relationships between parties is shared. This information typically includes receivables-payables status, invoice details, payment plans, and other financial data. By confirming the accuracy of this information, parties ensure mutual financial consistency and transparency.

Fast and Reliable Transaction Capacity: EMT allows you to perform your transactions quickly and reliably. This provides time and resource savings, especially for businesses with high transaction volumes.
Automatic Sending and Receiving: Provides the ability to automatically process data retrieved from ERP or other financial systems and send or receive it via email. This speeds up processes and increases efficiency.
Flexible Reconciliation Options: Offers flexible reconciliation types that can adapt to different business models and financial processes. This provides customized solutions for various business needs.
User-Friendly Interface and Reporting: EMT provides an easy-to-use interface. It allows you to filter sent, approved, or rejected reconciliations and generate detailed reports.

 

E-Reconciliation is an important part of digital transformation in financial and commercial business processes. By using e-reconciliation applications, businesses can accelerate their transactions, increase efficiency, and enhance security standards. As Vinya Bilişim, we offer innovative and reliable solutions to optimize your e-reconciliation processes and enhance your company’s financial management capacity.

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