CrediMatch

CrediMatch

The Ultimate Solution for Credit Card Reconciliations in Medium and Large Businesses

קרדימטש לוגו

The Ultimate Solution for Credit Card Reconciliations in Medium and Large Businesses

Does your business process a large number of credit card transactions, and you can never reconcile the receipts generated in your accounting system with the payments from credit card companies that are deposited in the bank each month?

Do you receive notifications about chargebacks in a disorganized manner and too late to dispute them, causing you to lose significant amounts of money?

Do you want to manage a cash flow report based on expected receipts from credit card companies but lack consolidated and available information on future payments?

Do you want to ensure that the fees you pay to credit card processing companies for all types of transactions are indeed according to the agreement?

At Top level bookkeeping.IL, we know that credit card reconciliations are the “Achilles’ heel” of many businesses. We understand the need for comprehensive controls over credit card collections, especially for retail companies with extensive e-commerce activities and a small bookkeeping team that cannot handle such large-scale controls.

For many years, we searched for a satisfactory solution and finally found it when we met CrediMatch Software Ltd., which developed a comprehensive solution for credit card reconciliations in medium and large businesses. We implemented it at City Time IL Ltd., which owns about 60 stores of brands like PANDORA, FURLA, and PARFOIS across the country, and the system proved itself significantly! Since then, we recommend CrediMatch’s solution to any business that wants to establish efficient and comprehensive control over credit card transactions.

The uniqueness of CrediMatch is that it provides the perfect control built from two stages of checks: checking transactions transmitted to “Shva” (Automatic Banking Service) against the payments received in banks, and reconciling receipts closed in the business’s accounting system with the transactions transmitted to “Shva.” CrediMatch’s advanced technology for transferring journal entries of credit card transactions at the single voucher level to the accounting system enables reconciliations against the receipts actually issued in the business.

So what does the CrediMatch system offer to all its customers:

  • Connecting Safes to Credit Card Companies: Online connection displaying all credit card transactions on a daily basis.
  • Viewing and Control System: With personal username and password.
  • Email Alerts: Notifications about cancellations and chargebacks within 48 hours of cancellation/chargeback.
  • Analysis and Reconciliation: Matching receipts issued in the business’s accounting system against the transactions transmitted to “Shva.”
  • Transaction Reconciliation: Reconciling transactions against payments from credit card companies at the individual transaction level.
  • Reports: Various reports on credit card company data and branch activities, cash flow reports, etc.
  • Fee Control: Monitoring fees from all credit card companies.
  • Invoice Registration: Recording invoices from credit card companies for fees charged for processing.

Want the CrediMatch system? Contact us, and we will provide you with close professional accounting support from Top level bookkeeping.IL during the system implementation process!

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