Ecommerce growth has accelerated in recent years, so your business needs to keep up with the rapid pace of change. For example, offering PayPal, Stripe, Amazon Pay, and other popular online payment options to your customers can help remove any potential barriers for optimizing your sales conversion.
As more of your customers take advantage of these payment options across your different sales channels, your back-office needs to reconcile even more payouts from these payment gateways. That’s why as part of your business’ digital transformation, a key business process that you need to address is payouts reconciliation.
In this guide, we share industry best practices and tips on:
- Checking payouts from payment gateways against your financial records to ensure matching amounts
- Automating your Payout-to-Reconciliation
- PLUS: 6 important tips on choosing an automation solution