The Green Sheet Online Edition
March 3, 2014 • 14:03:01
Automatic reconciliation
Paymetric Inc. added XiRecon to its suite of solutions designed to improve business efficiencies and mitigate fraud risk. The provider of integrated, secure enterprise payment acceptance solutions introduced XiRecon to help businesses consolidate credit card settlement and reporting processes.
According to Paymetric, a number of weaknesses and inefficiencies are associated with processing credit card settlement reports manually. With XiRecon, businesses can automatically consolidate reporting from multiple sources into one report. "Using XiRecon, businesses are able to routinely view an updated end-to-end holistic report from a number of different environments," the company stated.
"We have a relentless drive to innovate and stay customer focused; this solution kicks off a very exciting suite of products we'll launch over the next few months," said Asif Ramji, President and Chief Executive Officer at Paymetric.
XiRecon benefits include:
- Visibility into fundamental workflow and data issues
- Mitigated risk by reducing exposure to loss
- Advanced warning on issues detected early in settlement cycle
- Decreased human error
- Increased operational efficiency, saving time and money across enterprises
- Ability to enforce clear business processes in executing reconciliation tasks
XiRecon was built to be simple to implement and integrate well in multiple business environments. "Businesses across many industries seek out Paymetric for solutions to streamline business processes, increase their efficiency and secure their sensitive data," said Cameron Balash, Senior Vice President Sales and Business Development at Paymetric.
Balash noted that the reporting process most companies use requires a great deal of resources and time that could be used more effectively. "Additionally, it's easy for the outcome of these reports to be inaccurate due to human errors," Balash said. He also noted that Paymetric is a triple-award-winning SAP partner, and XiRecon provides accurate reconciliation within SAP operating environments. SAP AG and its SAP Americas subsidiary provide software and software-related services to businesses globally. 
Website: www.paymetric.com
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