ShopWell reconciles transactions across 5 bank accounts and 3 payment processors every morning in 10 minutes.
ShopWell, an e-commerce brand selling on Amazon, Shopify, and their own website, had 5 bank accounts and 3 payment processors. Daily reconciliation took 2 hours, and month-end close took a week because of unmatched transactions.
Runox bank feed integration pulled transactions from all 5 banks automatically. AI matching reconciled payments against invoices, marketplace settlements, and refunds with 95% accuracy on first pass.
Daily reconciliation went from 2 hours to 10 minutes. Month-end close dropped from 5 days to 1 day. The finance team finally had accurate, real-time visibility of cash across all channels.
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