Transparent processing of all online payments is a major success factor for online retailers. How many payments are received with different payment methods? What is the best way to keep track? With Payment Clearing, nexnet offers the solution for precisely this.
Payment Clearing offers you as a merchant a convenient solution for monitoring and recording all transactions in the end customer business. It is integrated into 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. There are additional advantages that clearly speak in favor of using 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 enables all business transactions to be recorded for you in a mass-capable accounts receivable accounting system.
All posting transactions are summarized and made available for your general ledger on a monthly basis - or daily if you prefer. What is particularly practical: At the end of each posting period, certifiable month-end closing 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 exchange rates.
Turnover and VAT are recorded using international tax rates. In addition, nexnet can map accounting in accordance with local GAAP for companies with international headquarters.
3. controlling
All recorded and booked data is provided in an aggregation level designed for each customer for your data warehouse and business intelligence solution or as standard reporting.
4. safety
Security plays a particularly important role. nexnet has been operating BPO solutions in the areas offinance, 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.
nexnet's processes and systems are permanently subject to SOX compliance in accordance with IDW PS 951. All data is processed and stored in German data centers. All hosting therefore takes place in Germany. This ensures GDPR compliance at all times.
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 procedure 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 your own debt collection solution, receivables can be pursued all the way through to legal dunning proceedings. The automated transfer of receivables to your preferred collection partner is also possible.
Article by BASIC thinking from October 05, 2020
