Reconcile works inside any accounting process to reduce the hours spent on repetitive tasks to assemble 3rd party ordering platform revenue reports
ItsaCheckmate, the center of a restaurant’s digital ordering business, announces Reconcile, a no-fuss, plug-n-play data ingestion, formatting, and reporting tool that allows restaurant accounting teams of all sizes, irrespective of the solution they use, to consolidate all of their 3rd party ordering platform statements into one unified view at the touch of the button.
The beauty of this automated ingest, format and presentation solution is that it can seamlessly fit into any accounting process or system and it eliminates the time-draining, repetitive, error-prone, and low-value tasks required to collect and organize different 3rd party statements.
Once the 3rd party ordering platform statements are consolidated, the tool creates a simple-to-understand reporting of transaction-level details for all orders, with exactly the same information from the financial section of the 3rd party platforms
The automation of the process allows accounting teams to be far more nimble and move from a quarterly or monthly reconciliation process to weekly, allowing them to catch out-of-place transactions far earlier to recover valuable revenue dollars.
“The previous iteration of this solution, known as Accounting Reconciliation, was exclusively available to our fully integrated customers. It successfully addresses the challenge of reconciling revenue recorded in the POS with the revenue figures reported by 3rd party platforms, ensuring alignment with the final deposit in the bank account. This solution compares the details of each order and flags any discrepancies in either direction,” explained Vishal Agarwal, the founder and CEO of ItsaCheckmate. “However, based on feedback from numerous customers, we realized that although it was highly beneficial, it required significant changes to existing accounting practices. Taking this into account, we developed a streamlined version called Reconcile, which focuses on resolving the primary issue faced by all restaurant accounting teams. We have eliminated the time wasted on collecting, adjusting, and presenting consolidated third-party operating statements. Our solution is adaptable to any accounting workflow, enables a more agile reconciliation process and is available to any restaurant irrespective of who they use for their 3rd party menu and order integration.”
To learn more about ItsaCheckmate’s Reconcile, visit https://itsacheckmate.com/reconcile.
Committed to providing unmatched digital ordering and integration solutions, ItsaCheckmate is a trusted partner in driving sustainable growth and profitability in the hospitality industry. It powers scalable first-party ordering, guest engagement solutions, and seamless integrations with leading third-party platforms, helping restaurants truly master omnichannel digital ordering. Its solutions are supported by robust analytics and reporting tools, which enable restaurants to manage and protect every dollar of revenue while optimizing operations. ItsaCheckmate also offers a next-generation plug-and-play Marketplace solution, enabling restaurants to continually evolve their digital ordering strategies, keeping pace with industry trends. ItsaCheckmate’s suite empowers operators to control online orders and menus directly from their POS, ensuring real-time updates, increased profits, reduced order errors, and improved customer satisfaction. ItsaCheckmate proudly works with nearly 25,000 global restaurant locations, integrating with 50+ POS systems and 100+ ordering platforms, including industry leaders like UberEats, DoorDash, and Grubhub.
Learn more at www.ItsaCheckmate.com
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