Reconciliation
Many businesses today have numerous departments with multiple functions that involve the reconciliation of data or information. These can be small and big reconciliations, depending on the nature of the process or items being reconciled. They could be as simple as reconciling the number of hours worked by an employee, reconciling credit card statements, purchases made vs. payments made, etc. To satisfy these needs, we provide end-to-end reconciliation services to businesses across all industries and verticals
Whether you need help reconciling cash-based receivables or have thousands of accrual-based transactions that need to be tracked for payment, we’ve got it covered. Lotus Analytics offers key Reconciliation services including, but not limited to daily sales audits, commissions, cash & credit reconciliation, receivables management.
DAILY SALES AUDITS
It is always important to dot the I’s and cross the T’s. If you have a business process that requires certain things to be done prior to, during, or after the sale, find out quickly so behaviors can be corrected, and you can get paid!
- Investigate and review each sale and transaction made.
- Review and flag potential fraud and sales discrepancies.
- OnDemand reporting at your fingertips to check the status report for action items.
Validate each and every sales transaction from all channels, and ensure clean and consistent sales information while managing discrepancies by exception.
COMMISSIONS
Ensure you’re getting paid for every dollar earned and that you aren’t overpaying others or being overcharged.
- Make sure proper commission has been paid and appeal docs are collected.
- Reconcile historical data against the payments from the supplier, carrier, agency and more.
Fight for every dollar earned until the commission is received and the chargeback window has passed.
CASH & CREDIT RECONCILIATION
Reconcile your cash and credit in real-time or on a schedule that works best for you.
- Up-to-date account balances.
- Make the right decisions using accurate insights.
- Reconcile purchase orders and RMAs against receiving invoices & credit memos to ensure you are not being billed for products you never received.
Your business is unique, and our reconciliation experts will customize a solution to fit your specialized needs.
RECEIVABLES MANAGEMENT
For more than a decade, we’ve been helping clients collect money that without our services, would’ve gone unpaid.
Leverage our revenue assurance teams
- To make phone calls.
- To send invoices.
- To work with major industry carriers with document collection and appeals management.
Fast-track your process by leveraging our business technology solutions to monitor and reconcile accounts receivable and payable.
ELEVATE YOUR BUSINESS WITH LOTUS ANALYTICS
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We understand your business is unique and industry is dynamic, which is why we provide the largest breadth of custom-tailored solutions that are highly integrable to accommodate the ever-changing business, market and scaling needs.
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Our cutting-edge business technology solutions are lead and managed by certified business professionals having decades of experience throughout multiple sectors of different industries.