Bank Reconciliation

Beyond M-Pesa, Kenyan businesses receive payments via bank transfer, cheque and card. Matching bank statement entries to outstanding invoices is a recurring task that consumes significant accountant time each month.

01
Obstacle

Manually matching bank statement lines to invoices takes several hours every week, with unmatched items accumulating.

Solution

Automatic statement import and invoice matching using reference codes, reducing unmatched items to near zero.

02
Obstacle

Overdue debtors are not chased consistently, stretching the average debtor days.

Solution

Automatic ageing report with scheduled SMS and email reminders sent through the notification module.

Statements reconciled, debtors chased

Automatic matching and timely reminders.