Real-Time Reconciliation
An event-driven reconciliation model that processes webhooks and instant payment notifications immediately rather than waiting for end-of-day batch files.
Key Details
- Processes reconciliation continuously via event streams and webhooks rather than in scheduled batch runs
- Detects discrepancies within seconds of a transaction occurring, compared to days or weeks with traditional batch reconciliation
- Requires event-driven architecture — the reconciliation engine subscribes to transaction events from all data sources
- Enables real-time cash position visibility, immediate exception alerting, and continuous close workflows
- Most impactful for high-volume businesses where batch reconciliation backlogs would accumulate faster than they can be processed