Key Benefits
Unify Data
Collect data from disparate sources and display it in a uniform format.
Reduce Manual Effort
Free up staff so they can focus on more critical tasks.
Increase Accuracy
Automating processes leaves less room for human error and data discrepancies.
Faster Financial Reporting
Generate reporting faster with accurate and uniform data.
How it Works
The frequency, format, semantics, and granularity of data received by service providers often differ, generally as a result of the underlying payment method. IXOPAY's post-processing engine consolidates disparate formats used by different payment service providers and displays them in a centralized and uniform structure—ready for import to third-party systems or easy download for further analysis.
What You Get
Automated Reconciliation
The IXOPAY post processing engine standardizes the reconciliation process and any resulting conflicts across the board, independent of your payment service providers and payment methods.
IXOPAY’s reconciliation overview collates conflicts, such as incorrectly calculated transaction fees, missing reconciliation data and unidentified transactions. All identified conflicts can easily be resolved from within the interface, drastically simplifying this task for your employees.
Streamlined Settlement
Settlement statements from service providers are retrieved and cross-checked by the IXOPAY post processing engine. IXOPAY acquires raw data for the current time period directly from your payment service providers and automatically compares these with the values stored in your transaction database, taking into account the fees entered in the fee management engine.
If any conflicts are identified, such as missing transactions, conversion or rounding errors, these are made visible to administrators who can also be notified directly. They can then immediately correct the records or mark them for further processing.
Scheduled Data Feeds
Configure flexible ETL (Extract, Transform, Load) processes in the post-processing engine and schedule jobs to automatically supply third-party systems (e.g. ERP or CRM systems such as SAP and Microsoft Navision) with the data they require. Alternatively, export aggregated records to an Excel sheet or send them via email.
“We were looking for a platform that would put us in the driver's seat and give us the flexibility we needed over our multiple sales channels. IXOPAY delivered this; their intuitive approach to payments enabled us to manage transaction flows, add alternative payment methods and strengthen the customer experience.”