Kolleno Solutions
Kolleno Payments
Automate Payments Reconciliation
Build for organizations of all sizes, Kolleno stands as your comprehensive payment reconciliation solution.
Receive perfect and suggested matches based on a comprehensive scoring system that considers the amount, invoice number, name, and date of your invoices and payments.
Confirm one-to-one, one-to-many, and many-to-one matches, with the ability to account for potential discrepancies arising from foreign exchange rates and bank charges.
Access your ERP general ledger data swiftly and securely to ensure optimal efficiency and ease of use. Kolleno will reconcile payments with open invoices and apply cash back to your ERP system, matching the customer and invoice data in real time.
Reconcile across multiple payment methods
Payment options span from direct debit, credit cards, online payments, wire transfers, ACH and beyond.
Can you manage multiple currencies through Kolleno?
Yes. We recognise 150+ currencies, thus if your business issues invoices in multiple currencies we will recognize the transactions and account for them using the exchange rate on the day of the transaction. Your company dashboard will be displayed in the currency of the country where your business is established, although your company reports can be segregated by currency and region.
How do you ensure there are no errors?
Our algorithm makes suggestions for potential and perfect matches, displaying a percentage score of how likely the transactions are a match based on the amount, invoice number, name, and date. You can then proceed to accept the reconciliation match, thus verifying the match.
Can I make changes once reconciled?
Yes, you can view and adjust or undo all your previous reconciled transactions when necessary.
Which ERP systems do you integrate with?
We have one-click integrations built with Xero, Clio, Quickbooks, Sage, SAP, Netsuite and many others. We also have an open API enabling us to integrate with any cloud-based system.
How often does Kolleno sync with my accounting system?
Once integrated, we have access to the live data from your cloud-based systems. This ensures that all of the information in our system is up to date, and thus triggers for automated communications are precise.
