Payment Clearing

In the following article, you will find out which advantages the right payment clearing has for your company and how nexnet can help you.

Payment Clearing

5 advantages for e-commerce

BASIC thinking from 05 October 2020: For online merchants, transparent processing of all online payments is a major success factor. How many payments are received with different payment types? What is the best way to keep track? It is precisely for this purpose that nexnet offers the solution with Payment Clearing.

Payment Clearing offers you as a merchant a convenient solution for monitoring and recording all transactions in the end customer business. It is integrated in the business process outsourcing between your end customers, your payment service providers and your banks, ensuring that you are always informed about all money movements, their completeness, due date and correctness.

Payment Clearing reconciles all money movements with the sales data from your online stores, marketplaces or offline sales channels. In addition, there are advantages that clearly speak for the use of payment clearing with nexnet.

1. accounts receivable management

nexnet monitors all payment transactions – from the purchase in the store to the receipt of money in your bank account – for each purchase transaction and for each buyer. This allows all business transactions to be recorded for you in a mass-capable accounts receivable system.

All accounting transactions are summarized and made available to your general ledger on a monthly basis or, if you wish, on a daily basis. What’s especially handy is that at the end of each accounting period, certifiable month-end reports are provided for your accounting department.

2. internationality

Companies with an international focus can also use nexnet: The company processes and posts all money movements in all currencies with daily updated conversion rates.

Sales and sales tax are recognized using international tax rates. In addition, nexnet can map accounting according to local GAAP for companies with international headquarters.

3. controlling

All captured and booked data is provided in an aggregation level designed per customer for your data warehouse and business intelligence solution or as standard reporting.

4. safety

Safety plays a particularly important role. nexnet has been operating BPO solutions in the areas of finance, accounts receivable management, billing and CRM for over 15 years. As a partner of well-known German and international companies, the processing of data must meet the highest standards of security and quality .

The processes and systems of nexnet are permanently subject to SOX compliance according to IDW PS 951. All data is processed and stored in German data centers. So all the hosting takes place in Germany. This means that DSGVO compliance is always ensured.

5. receivables management

Which area requires a lot of time? Receivables management! nexnet monitors all receivables from end customers and offers you individual solutions for receivables management. In a commercial dunning process designed according to your requirements, you are completely relieved of the preparation and dispatch of dunning letters, the management of dunning charges and the monitoring of payment behavior.

With its own collection solution, receivables can be pursued all the way to legal dunning proceedings. Automated submission of receivables to your preferred collection partner is also possible.