Cornerstone Solutions

Overview

PayTrac is a cutting-edge AI-powered payment tracking solution designed to streamline and simplify payment reconciliation processes for businesses, particularly in the FMCG and organized trade sectors. With advanced algorithms and automation capabilities, PayTrac eliminates errors, reduces revenue leakage, and fosters transparency in financial operations.

Key Features

Real-Time Updates: Receive near real-time notifications for payment-related activities.
Error-Free Reconciliation: AI-powered automation minimizes human errors in tracking and reconciliation.
Cost-Effective Solution: Pay-per-use model with zero upfront integration costs.
Advanced Technology: Leverages AI, ML, and NLP for efficient operations.
Simplified Workflow: No need for expensive SAP or EDI integrations, making it accessible and user-friendly.

How PayTrac Works

Order Receipt & Update: Receives purchase order (PO) data from ERP via email (CSV, XLS, PDF, or API).
Invoice Mapping: Matches invoices to corresponding POs and identifies fill rate losses.
GRN Mapping: Maps Goods Receipt Notes (GRN) against POs and invoices, highlighting gaps.
Return Reconciliation: Analyzes and adjusts return quantities at every line item to minimize mismatches.
Payment Reconciliation: Aligns payment advice with invoices and highlights shortages or discrepancies.
Gap Closure: Lists gaps for review and facilitates credit/debit note generation for audit purposes, ensuring all issues are resolved.

Benefits

Increases revenue by up to 3% by plugging reconciliation gaps.
Improves fill rates with accurate tracking.
Provides a user-friendly dashboard for analytics and real-time tracking.
Saves time and effort with automated processes, eliminating the need for manual intervention.

Why Choose PayTrac?

Low implementation cost with a subscription-based model.
Seamlessly integrates with existing ERP systems without complex setup.
Proven to reduce revenue leakages and enhance customer relationships through timely issue resolution.

Get Started

Experience the power of AI in payment reconciliation with PayTrac. Contact us to schedule a demo and explore how PayTrac can transform your financial operations.

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PayTrac: Revolutionizing Payment Reconciliation

Overview

Key Features

How PayTrac Works

Benefits

Why Choose PayTrac?

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