Reconciliation is an accounting process that largely means comparing at least two data sets.  One dataset is usually an internal source of truth and other data sets are provided by external sources. The internal data set could be an ERP or an order management system (OMS). The external data sources can be payment gateways, bank statements, records from intermediaries, etc.  Manually reconciling data from all these different sources is an extremely challenging and time consuming task often taking weeks and usually getting pushed till the deadline.  The challenges are more pronounced in businesses which witness a high number of transactions like marketplaces , retail, payments, gaming, etc.

Kosh.ai holistically automates the reconciliation process covering all the steps and milestones in the journey.  Due to native integrations, the product can fetch data from internal data sources as well as from external sources like bank statements, payment gateways and other intermediaries.  The product effectively reduces reconciliation time from days or weeks to less than 60 seconds.

The product does reconciliation at a very granular level ensuring that each and every transaction is accounted for.  This forms the foundation on which analytics and reports are later developed.