Case Study: a US-based fintech company achieves faster, more controlled reconciliations with SolveXia

US-Based Fintech Company Streamlining and Accelerating Reconciliations

A US-based fintech company was facing challenges as its rapid growth strained its manual, Excel-based reconciliation processes for ACH and credit card payments. These tasks were extremely time-consuming, taking staff over 20% of their week, and created key person dependencies and audit control issues. They chose SolveXia to automate these critical financial operations for better efficiency and control.

SolveXia implemented an automated reconciliation solution that seamlessly integrated with the company's existing systems like NetSuite and NACHA files. The platform automatically ingested, validated, and matched transactions using configurable rules, providing detailed reports and robust governance. As a result, SolveXia helped the company reconcile ACH payments 350% faster and credit card payments an impressive 700% faster, saving one business day each week and freeing staff to focus on analysis and value-added tasks.