Clearing & Settlement Reconciliation

With the complexity of cards payment eco-system, the reconciliation process is complex and time-consuming.

B-CEPHAL offers a dedicated solution for automatic reconciliation without effort:

Load your files (settlement, clearing, bank accounts, currency exchange, retrocession, commission, MSC, acquirer fees, disputes, scheme fees, service fees, interchange, mark-up data, processor files,…) automatically in the tool
Create dedicated multi-panels screens to compare different sets of data
Create automatic reconciliation jobs via reconciliations keys that you define easily
Isolate no matched data for issue fixing or reporting

B-Cephal helps reducing the effort in back-office and improving the confidence in reconciliation process.

Functionalities

Function 1 : Sourcing

Load the data sets to reconcile:
- Through industry dedicated APIs (eg clearing & settlement date)
- Trough automatic file transfers (eg scheme invoice, QMR, QOC,…)
- Through forms (eg billing event parameters, dispute case,…)
Clean the data and perform the data prep (data enrichment)
Create the connexion between the different data set without code

Function 2 : Reconciliation

Reconciliation algorithm definition:
- Reconciliation key between the different data sets
- Interval of tolerance for reconciliation (expressed in absolute or relative figure)
- Conditions for reconciliation (one-to-one, one-to-many, many-to-many)
Automatic reconciliation pattern parameterization
Reconciliation log
Reconciliation reset
Exception handling (partial reconciliation, duplicates, errors, out of balance, …)

Function 3 : Reporting & analytics

Non matched items logs
Non matched amount evolution per reconciliation item types
Case management
Dispute case management
Machine readable input for accounting or ERP solutions

Technical

Server & client environment

Require following components
- ETL Server (Java)
- Core B-Cephal server (Java)
- Reconciliation module (Java)
- B-Cephal client (.net)
Installation available on site or in SaaS mode
Runs on Windows (client and server) or Linux (only server)

Technical DB

The default DB is PostgreSQL

Miscellaneous

Multi user
- Native authentication and log in function
- Possibility to integrate corporate Single Sign On protocol
Archive and purge
- Native archive function to schedule DB back-up
- Native purge function to reduce DB size without impacting business operations
API and FTP
- API secured via HTPPS and client password authentication
- FTPs solution for file exchanges

Illustration

Use case

See all modules