Case Study: Nexxia achieves 98% faster reconciliations with Simetrik

Nexxia cuts reconciliation time 98% with Simetrik

Nexxia, a company specializing in the design and optimization of loyalty programs, faced significant operational challenges as its business grew. The manual reconciliation of point accrual and redemption transactions across multiple sources was time-consuming and error-prone, taking over 12 hours per process. To solve this, Nexxia partnered with Simetrik and implemented its reconciliation engine and AI to automate these complex processes.

By deploying Simetrik's platform, Nexxia automated 97% of its reconciliation workflows, slashing the time required from 12 hours to just 10 minutes. This represented a 98% reduction in reconciliation time and provided the team with greater operational visibility and control. The solution delivered a 200% return on investment and enabled Nexxia to efficiently consolidate over 6 million transactions monthly with improved accuracy and traceability.

Nexxia