Third Party Delivery Services Reconciliation Process
The current third party delivery services reconciliation process is broken.
Manual interaction creates a lack of visibility, resulting in money lost, frustrated employees, and potential fraud.
Third party delivery services are still experiencing a sharp increase in market presence due to the pandemic, having more than tripled since 2017. The immature process for the reconciliation of accounts has become transparent for all parties involved as a broken and outdated workflow. Filled with manual steps, the process is open to potential loss in revenue, fraud, and incorrect pricing. In addition, the lack of visibility for the parties involved results in frustration all around.
Adra’s automated reconciliation process – Matcher – will automatically perform reconciliation of your POS to third party data, eliminating the time necessary for the reconciliation. Equip your team with visibility into collecting money owed by third party companies and obtain accurate data with Adra’s automated reconciliation solution.
Some key benefits of an automated reconciliation process include:
- Reconciliation of accounts performed without human interaction
- Accurate and timely reporting of all revenue and related third party expenses with minimal effort
- Accounting teams walk in the door each day and only have to research exceptions
Download the infographic to learn more about the challenges third party delivery services face.