Case Study: Payt achieves 99.8% automated reconciliation with Mollie Virtual IBANs

Payt achieves 99.8% automated reconciliation with Mollie

Payt, a Dutch SaaS platform for healthcare clinics, faced the challenge of manual payment reconciliation. Their previous system pulled all transactions from a clinic's business bank account, including irrelevant ones like supplier payments, which created noise and forced clinics to spend hours on manual admin. They partnered with Mollie to find a solution using virtual IBANs.

Mollie implemented a solution using unique virtual IBANs for each clinic, which isolated invoice payments from other transactions. This allowed Payt to achieve 99.8% automated reconciliation, drastically reducing manual work. The solution also eliminated bank fees for incoming transactions and provided a smoother payment experience for patients. This successful integration with Mollie has become a repeatable model for Payt to expand into new markets.

Payt