Case Study: Philippine Seven Corporation cuts e-wallet reconciliation from days to minutes with SolveXia

Philippine Seven Corporation cuts e-wallet reconciliation from days to minutes with SolveXia

Philippine Seven Corporation (PSC), the operator of 7-Eleven in the Philippines, faced a significant challenge with its manual, spreadsheet-based reconciliation of over 500,000 daily e-wallet transactions. This time-consuming process, which took days to complete, introduced control risks as it often was not finished before daily fund transfers to e-money providers, and was difficult to scale with their growing number of stores.

Solvexia implemented an automated reconciliation solution for PSC's 3,400+ stores, processing transactions across payment gateways, POS, and bank data. The results were transformative, cutting the process down from days to minutes and enabling timely fraud detection. This efficiency gain allowed staff to focus on analysis and improved work-life balance. The measurable impact included a process that was up to 100x faster and a decrease in store-level fraud and missing cash.

Philippine Seven Corporation (psc)