Case Study: Empower achieves faster Klarna reconciliation with Synder

Empower saves 480+ hours and $24,000 a year with Synder

The customer Empower, a business utilizing Stripe for payments, faced the challenge of manually reconciling complex Klarna transactions. This Buy Now, Pay Later integration introduced intricate accounting with different fees, refunds, and settlement timing, making manual reconciliation error-prone and time-consuming as their transaction volume grew. They turned to the vendor Synder for an automated accounting solution.

Synder automated the accounting for Empower's Klarna transactions by syncing full payout breakdowns directly into their accounting system. The solution categorized sales, refunds, fees, and adjustments, ensuring deposits matched and fees were recorded correctly. This automation saved the business over 480 hours and $24,000 annually on transaction categorization alone, eliminating manual work and creating a clear audit trail.

Empower