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Paymetric Launches Solution to Automate Reconciliation Reporting

Paymetric, Inc (www.Paymetric.com), the leading provider of integrated and secure enterprise payment acceptance solutions, kicks off the New Year strong with the launch of XiRecon, the first product in its newest suite of solutions designed to improve business efficiencies and mitigate risk with reduced exposure to loss.

“We have a relentless drive to innovate and stay customer focused; this solution kicks off a very exciting suite of products we’ll launch over the next few months,” says Asif Ramji, Paymetric’s president and CEO.

There are numerous weaknesses and inefficiencies associated with processing credit card settlement reports manually. Now, XiRecon is available to help enterprises seamlessly and automatically consolidate reporting from multiple sources to a single report within SAP and streamlines the reconciliation process across the business. Using XiRecon, businesses are able to routinely view an updated end-to-end holistic report from a number of different environments.

XiRecon is simple to implement, fast and effective for a wide range of businesses. Additional benefits include:

  • Visibility into fundamental workflow and data issues.
  • Mitigated risk by reducing exposure to loss.
  • Advanced warning regarding issues detected early in the settlement and funding cycle.
  • Decreased human error.
  • Increased operational efficiency, saving time and money across the business.
  • Ability to enforce clear business process and responsibilities around execution of reconciliation tasks.

“Businesses across many industries seek out Paymetric for solutions to streamline business processes, increase their efficiency and secure their sensitive data. The reporting process that most enterprise companies face requires a great deal of resources and time that could be used more effectively. Additionally, it’s easy for the outcome of these reports to be inaccurate due to human error. With XiRecon, we are answering the call for an efficient solution to reconcile credit card settlements within SAP,” explains Cameron Balash, SVP Sales and Business Development, Paymetric.

Businesses interested in learning more about implementing XiRecon are encouraged to participate in a webinar on Thursday, January 23, 2014 at 2:00 pm EST. To register, please visit http://www2.paymetric.com/xirecon_webinar.

To learn more about XiRecon, visit http://www.paymetric.com/solutions/xirecon/.

ABOUT PAYMETRIC

Paymetric, Inc. is the leading provider of integrated and secure electronic payment acceptance solutions that enable companies to streamline the order-to-cash process, reduce the scope and financial burden of achieving PCI compliance and improve return on electronic payment acceptance. Paymetric’s solutions support virtually every type of electronic payment in any enterprise system where payment is accepted. Paymetric is a recognized industry leader and is a three-time award-winning SAP partner. The company has also been awarded for its innovation and growth by Red Herring, Inc. Magazine, Atlanta Business Chronicle and the Technology Association of Georgia. Visit www.paymetric.com for additional information.

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