What is payment reconciliation?

Payment reconciliation is the process of comparing internal transaction records with data from external payment providers or banks to confirm that all expected payments have been received and recorded accurately.

Why is payment reconciliation important for businesses?

It ensures financial accuracy, helps detect fraud or chargebacks early, improves cash flow visibility, and supports audit and tax compliance. Without it, businesses risk reporting errors and revenue leakage.

How does payment orchestration help with reconciliation?

Payment orchestration platforms like Gr4vy centralize payment data from different providers, normalize formats, and make it easier to track and reconcile transactions with fewer errors and delays.

Can reconciliation be automated?

Yes. When payment data is clean and consistent, modern tools can automate much of the process. Automation is most effective when combined with orchestration that unifies transaction flows.