Accurate & fast payment reconciliation software
ValoraPay's Reconciliations is a fully-equipped accounting software for any online business, aimed at organising and unifying all the transaction data.
Types of payment reconciliations
ValoraPay supports instant real-time payment reconciliation for multiple accounts, payment methods, and currencies. Payment reconciliation automation helps to switch your focus towards handling exceptions instead of time-consuming manual reconciliation of each transaction.
Manual reconciliations
Our manual payment reconciliation provides independence from any technical issues which may occur on the provider's side.
Automated reconciliations
Automate the labour-intensive, error-prone reconciliations of transactions across multiple providers, accounts, and payment methods.
Automatic transaction processing
Well-ordered statements
Monitor transactions from origination to settlement and carry out payment reconciliation process in a time and cost-efficient way. We consolidate and normalise information from multiple internal and external sources in one place, making statements coherent and consistent.
Original data
Gain access to initial financial data, including, but not limited to, IDs, status and resolutions at every stage of transaction processing.
Unified statements database
We instantly translate the data from different providers into a single common language by automapping the basic properties.
Statements history
ValoraPay securely stores every transaction statement, while ensuring its availability for your further reference.
Collision detection
ValoraPay detects and alerts you about any mismatches in statements, granting consistency and facilitating the payment reconciliation process.
Cover-all corrections
ValoraPay is a ready-made payments reconciliation tool that takes the hassle out of routine reconciliations while equipping you with everything needed to handle edge cases and protect financial health.
Automatic corrections
We automatically update payment data according to the latest information provided by PSPs and banks.
Manual corrections
Use manual corrections for handling collisions and exceptions. You can update the transaction status manually when needed.
Collisions monitoring & alerting
Our payment reconciliation system detects and promptly notifies you when transaction data from the provider and payment details inserted into ValoraPay do not match.
Route fee auto-correction
Based on payment reconciliation protocol, we calculate fees for different transaction routes, helping you to optimise and save costs.
ValoraPay's statement
Provider's statement
Benefits of payment reconciliation
ValoraPay makes the payment reconciliation process quicker and simpler than ever before.
Consistency
All transaction data flows in and out of our system ensuring consistency between your sales and payment provider's statements.
Transparency
Benefit from improved visibility throughout the whole transaction lifecycle, as well as full control over payment and payout flows.
Visibility
Accessibility and visibility of accurate complete data reduce potential fraudulent activity and help to reveal hidden activity.
Automatic corrections
ValoraPay automates transaction matching across multiple PSPs and accounts, updating the data according to providers' statements.
Collisions management
Identify and manage mismatches, errors and collisions between transaction data from the provider and payment details inserted into ValoraPay.
Proofs in investigation
Ensure that all your funds are correctly accounted for and solve possible issues with payment providers by accessing statement history and logs.
Accurate real-time balance
No matter how many merchant accounts across various PSPs you have, ValoraPay is a one-stop platform that ensures your records are accurate.
Auto-update
ValoraPay is constantly synchronising and updating balances across multiple providers, accounts and methods.
Manual update
You can always request a balance update manually to ensure you have the latest data available.
Balance history
Monitor and track how your balances change over time with a detailed balance and transactions history.
Balance-based routing
Benefit from risk diversification by distributing cash flows evenly across your merchant accounts.
Double-check with reverse reconciliation
Identify omissions and errors in your own records by comparing them with the entries and the closing balances in ValoraPay's payment reconciliation system.
Automated system
Use our reconciliations API to have all the data you need at your fingertips.
Explore the documentationManual processes
Export ValoraPay's detailed statements manually by downloading a .xls file.
Explore the documentationDirect DB connection
Gain access to the original data on all your transactions.
Explore the documentationFAQ
Find guidance on everything related to reconciliations — how they work, best practices, and ways to keep your financial records accurate and transparent.
Reconciliations represent a process of payment data synchronisation. Inner transactional data of a business account is compared with vendors' statements to make sure all expected payments or/and payouts have been actually finalised (i.e. successfully processed). The overarching aim of this procedure is to define the cash position and help both sides spot discrepancies or make sure all data in certain accounts coincide. To better understand the concept of reconciliation, imagine two ledgers or datasets. One of these comprises all transaction details from your account, another — details about payments on the provider's side. After initiating payments and receiving payouts during a specific time period, it's important to reconcile the balances.