Stress level: Reconciliation
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Stress level: Reconciliation
It is all too familiar: The stress test for every accounting department is reconciliation - the comparison of all incoming and outgoing payment transactions with actual cash flows. Often, numerous sources of information come together. Different accounting circles and accounts, payment advice (so-called settlement files or APIs) from credit card or payment service providers need to be considered. Only then to be reduced by fees, chargebacks and withholds.Enabling predictable cash flows
Riverty has partnered with Norisma from the very beginning. For more than a decade. Riverty purchases invoices and Norisma receives payment immediately. This has enabled the company to grow rapidly. It has also created momentum for Norisma’s expansion in Scandinavia and Europe.