Online retailers are estimated to lose between 1 and 2 per cent of their annual online billing. This is due to the increasing complexity of the payment reconciliation process that takes place when those retailers are operating in multiple countries. Some retailers are solving it by dedicating an army of people to do manual checks and claims in every country they do business, but others are not.
Thanks to its strong credentials in the payments business and its experience in the retail industry, Minsait has developed a software solution offered as a cloud service that helps companies to reclaim that loss of money by comparing, at scale, the funds actually transferred with funds due.
