Our May changelog
This month, we are excited to announce the launch of reconciliations as a new building block to our platform as well as expected payments as a new type of payments.
Companies with large volumes of payments need to reconcile them with account transaction to make sure that all payments have been accounted for and that every transaction corresponds to a legitimate payment. This enables them to close books faster and with a higher degree of confidence.
We are now enabling customers to reconcile payments and transactions using the API. Customers can create one-to-one, many-to-one, and many-to-many reconciliations between payments and reconciliations to support use cases and the most sophisticated reconciliation needs.
Introducing expected payments
With expected payments, customers can now reconcile transactions with payments that are not initiated through Numeral. These can be bank transfers received, direct debits, or anyty e of ppayment currently not supported by Numeral. Customers can now use Numeral as the single source of truth for all their reconciliations.
Expected payments can be enriched with metadata and can also be combined with virtual accounts to further facilitate the reconciliation between expected payments and transactions.
Ready to accelerate your reconciliations?
Our team would be happy to walk you through the feature and evaluate your reconciliation needs. You can also check our API documentation and our April changelog.
Other articles you might like
Our 2023 February Changelog
Our January Changelog
Our December changelog
A better visibility on your payment operations
Our November changelog
How Numeral supports SEPA instant payments
Our October changelog
Our September changelog
Our August changelog
Payment orders and the lifecycle of a payment
Our July changelog
Our June changelog
Our March changelog
Not sure where to start?
Let’s talk about how we can work together to accelerate your payment flows. Get a demo of our platform, explore our pricing, or get started right away.