Payments

A ledger that closes daily

Reconciliation ran on three spreadsheets and one person. Rebuilt as double-entry, month-end went from nine days to one.

The situation

Balances lived in the processor, the partner bank and the product database, and none of them agreed. Month-end took nine days and an auditor had already raised it.

What we did

We built a double-entry ledger as the system of record, with every external movement posted against it and settlement files ingested automatically.

Breaks were classified rather than chased: timing, fee, duplicate or genuine. Only genuine breaks reached a human.

The outcome

Daily close, month-end in one day, and the safeguarding reconciliation the regulator asks for produced as a report rather than a project.

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