Technology: automated reconciliation
Know every payment you're owed, in seconds
DaMap reconciles what your clients bill with what banks, card processors, payment gateways and insurers actually pay, and flags every gap.
From sale to bank
Sale → Settlement → Bank → Applied
The money leaks between what was billed and what arrives. DaMap matches every record and shows what is missing, short or duplicated.
The problem your clients already have
Finance teams match thousands of transactions by hand, in spreadsheets, weeks after the money moved.
Missing payments, short payments and duplicate charges slip through, and nobody sees them until month-end.
How it works
- Reads from the sources: bank statements, card processor and payment gateway reports, e-invoices, insurer remittances and others.
- Matches every record automatically, with algorithms built on the reconciliation logic your client already uses.
- Flags what doesn't match (missing, partial or duplicated entries) and runs the investigation workflow in a transparent, auditable way.
- Gives a real-time view of what has been collected and what is still open, so appeals and escalations can be handled right away.
What your clients get
Days of manual matching become minutes; leaks and errors found while they can still be claimed; a closing process the auditors can follow. Faster collection lowers DSO (days sales outstanding) and frees cash flow.
What you get as a partner
A reconciliation engine for the finance teams of the clients you already serve, with training and implementation support: one more service you deliver to your client, where you are the hero.
Watch
Five reconciliation points in one card sale
From the register receipt to the accounting entry, a card payment passes through six hands. The same cycle runs in department stores, supermarkets, e-commerce, and in hospitals and clinics whenever a patient pays by card.
Where it fits
- Department stores and supermarkets
- E-commerce
- Hospitals, clinics and labs
- Pharmacy chains
- Consumer goods
- Finance shared services
DaMap in the real world
Results from companies using DaMap
More than 100 companies use DaMap. A few of the cases DaMap has published, to show the range of uses. See DaMap's client cases.
Manufacturing: Paraguay
Manufactura Pilar
Bank reconciliation was manual and slow: two to three days per bank. DaMap automated it.
Payments: Mexico
Justo
Payment reconciliation went from days to hours, and the finance team now spends that time on growing the business.
Business group: Paraguay
Grupo Vierci
Many bank accounts in local and foreign currencies, across the region and the United States, reconciled in one place, with more precise reports.
Accounting firm: Uruguay
Oliver & Asociados
An accounting firm that automated its reconciliations with DaMap: the same capability a consultancy can offer its own clients.
Pairs well with
The finance back office, end to end
Xtract: accounts payable
DaMap reconciles the money that moves in the bank; Xtract handles the supplier invoices that come in, from receipt to payment.
Cflow: workflows
For the requests and approvals the ERP doesn't cover, such as claims to insurers, credit notes and payment disputes.
Do your clients reconcile payments by hand?
e-CGS is DaMap's regional partner for Central America, the Caribbean and the GCC.