E-commerce, simplify your bank reconciliation with Purse!
E-Commerce CFOs: How Purse Makes Your Accounting Easier
If you're a CFO in e-commerce, you know how quickly managing payments can become a headache. Multiple providers, numerous payment methods, international transactions... all this accumulates and ends up slowing down your operations. And in addition, you have to reconcile all this with your bank accounts. A real marathon! Luckily, Purse is there to make it easy. Our payment orchestration solution makes bank reconciliation a breeze, finally freeing up time for you to focus on what really matters: growing your business.
Bank reconciliation, this obstacle that slows down your e-commerce
Faced with the multiplication of payment methods — cards, electronic wallets, bank transfers — flow management quickly becomes unmanageable. Each payment service provider (PSP) generates reports in various formats, complicating their processing, not to mention the varied compensation processes, the compensation rules (net or gross). E-commerce businesses, especially those operating internationally, must manage the complexity of cross-border transactions, currency conversions, and bank delays, making management even more difficult.
Read also: E-commerce: what popular payment methods should you choose to improve the user experience?
The complexity of multiple back offices
At the same time, moving from the back office from one payment method to another to manually manage reports and errors quickly becomes a tedious task. These repetitive manipulations increase the risk of errors and fraud, and the discrepancies between transactions and statements accumulate. The result: your teams spend a considerable amount of time on tasks with low added value.
Manual reconciliation = guaranteed loss of time
Manual reconciliation is a productivity bottleneck. Each discrepancy between your accounts and payment flows requires careful and often repetitive intervention. Add to that a dependency on the IT team to unlock inconsistencies between systems and you get a time-consuming and challenging operation. That's exactly where Purse comes in to free you from that burden.
Purse: the ally of CFOs to simplify bank reconciliation
A reconciliation module at the service of your performance
All the data from your PSPs and payment methods are aggregated in a single interface. No need to juggle between platforms, you have an instant and clear overview of all your payment flows. Everything is centralized for simplified and smooth management.
Customized reports and integration into your accounting ERP
With Purse, you have the flexibility to customize your reports according to your needs: transactions, arrears, reconciliations, everything can be formatted to easily integrate into your accounting tools. Whether you use Sage, SAP, or CEGID, Purse reports integrate automatically to optimize your accounting and financial processes. You can even choose how often these reports are sent (daily, weekly, monthly) to match your operational needs.
A powerful and accurate reconciliation engine
By consolidating logs from all of your PSPs and payment methods, and generating unique reconciliation files, Purse reduces manual effort and reduces errors. These files can be sent directly to your ERPs via sFTP or GCP, and are available in CSV or JSON formats for better integration.
Purse, a trusted partner on a daily basis
At Purse, we don't let you down once the solution is in place. You benefit from tailor-made support to integrate the platform into your tools and resolve any errors.
The benefits of Purse for financial management
Saves time and boosts efficiency
In a nutshell: productivity. Thanks to Purse, you drastically reduce the time spent on tedious tasks. You and your teams can finally focus on missions with higher added value, such as cost optimization or strategic analysis. Less management, more thinking, and above all... more results!
Securing cash flow
In terms of security, our level of requirement is very high. Compliance with PCI DSS and RGPD standards, protections against fraud... everything is in place to ensure optimal security of your transactions. Anomalies are identified quickly, so you can act quickly and avoid unpleasant surprises. Your cash flow is protected and you have peace of mind.
Read also: Tokenization: how to improve acceptance and create new buying paths?
Management and optimization: control your payments
With Purse's advanced reporting tools, you have total control over your payments. Real-time monitoring of transactions, performance analysis, identification of points to be optimized... You know exactly what is happening and can adjust your strategies according to the results. These customizable reports adapt to your needs and facilitate their integration into your financial and accounting systems. A global vision that allows you to improve your conversion rates and reduce operational costs.
No more headaches with bank reconciliation. With Purse, you benefit from an innovative solution that allows you to simplify your payment flows and optimize the management of your financial transactions. Automation, centralization, security... everything is there to save you time, protect your income and allow you to focus on growing your turnover.
