High-volume e-commerce brands struggle to reconcile payouts from multiple payment providers back to their ERP, spending excessive time at month-end close.

Workarounds Described

• uses Excel to manually reconcile payouts
• relies on custom ERP processes to match settlements
• spends significant time during month-end close tracing settlements back to transactions

Implied Software Gaps

• Automated reconciliation tool that connects payment provider data to ERP transactions
• System that can handle multiple payment gateways and map settlements to underlying orders
• Solution that reduces manual effort and flags discrepancies in real-time

PayRec: Multi-Provider Reconciliation Hub

PayRec automatically imports and reconciles payouts from Shopify, Global-e, Klarna, Afterpay, PayPal, and more directly to your ERP. It links each settlement line to the underlying transaction, flags discrepancies, and generates ready-to-post journal entries, slashing month-end close time from days to hours.

Existing Solutions Mentioned