DataShare Reconciliation

Removing the pain of invoice reconciliation

The Power of DataShare API

Validis has automated the month-end reconciliation process for lenders offering invoice discounting solutions.

Drastically reduce the amount of manual data preparation required at month end

A common problem for invoice finance providers is dealing with the vast quantities of invoices that must be subject to review at month end.

Validis has built an automated solution to help support lenders with month-end reconciliation. This process utilizes our market-leading accounting data extraction software combined with digital workflow capability to drastically reduce manual invoice preparation at month end. Validis’ Reconciliation module makes life easier for you the invoice finance lender and also your clients by automating the whole month-end reconciliation process all the way through to recalculation of risk limits and reserves.

Our DataShare service streamlines your lending proposition by pulling accounting data directly from your clients’ accounting systems, then using Validis’ Reconciliation module, automating the cumbersome operational process of month end reconciliation. Giving you a competitive advantage over other players in the market as your client journey is automated.

 

Validis Screen

Why use DataShare Reconciliation?

All banks and lenders are under pressure to improve the customer journey and this is best done by moving to a digital client experience.

Validis’s DataShare Reconciliation Module provides invoice finance lenders with an out-of-the-box way to automate the operations that sit behind invoice finance facilities, particularly in relation to Confidential Invoice Discounting (or “Bulk Invoice Discounting”). It is a common problem for invoice finance providers to struggle with dealing the vast quantities of invoices that must be subject to review at each month end for each SME facility.

Validis has built an automated solution to help support lenders with month-end process. The Reconciliation module utilizes our market-leading accounting data extraction software combined with digital workflow capability to drastically reduce manual invoice preparation at month end. This cuts through operating costs for the lender and provides a major efficiency gain to the borrower.

The DataShare Reconciliation Module that been able to offer a significant improvement to the modern Invoice Finance business model. By using the DataShare extraction technology, automate a flow of accounting data directly from the client’s accounting system and then automatically calculates the ineligibles and disapprovals from ledgers extracted from a client’s accounting system.

The technology is simple to deploy yet it radically reduces operating costs while reducing risk by providing complete visibility over the client’s business.
 

In addition to the calculation of reserves paramters (set by you on a per client basis) and disapprovals, the Reconciliation module provides valuable risk intelligence about re-aged and round sum invoices, new debtors and debtor concentrations to help lenders proactively investigate possible fraud.

Automating reserve calculations, also remove human error in calculating disapproval amounts manually. Additional features include the ability to assess a prospect’s suitability for a facility during deal analysis and survey stages, and once sanctioned the technology can also be used for a very efficient take-on process. This can reduce the Lender’s cost of client acquisition, reduce the lead time to fund and enhance customer experience.

Client testimonials

Validis Reconciliation removed 90% of the time it previously took me to manually prepare and submit my invoices on a monthly basis.

- CID client of a UK Tier 1 bank

Solution Features

Contact us today to learn more

Scroll to Top