Case Study

E-Commerce Brand Reconciles 5 Banks Daily

ShopWell reconciles transactions across 5 bank accounts and 3 payment processors every morning in 10 minutes.

10min
Daily Reconciliation
95%
AI Match Rate
1 day
Month-End Close
5
Bank Accounts
1

The Challenge

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.

2

The Solution

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.

3

The Results

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.

Key Results

5 banks reconciled in 10 minutes daily
Month-end close reduced from 5 days to 1
AI matching at 95% first-pass accuracy
Multi-channel revenue visibility
Real-time cash position across all accounts

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      Runox — HR, Payroll, Accounting, Tax & Legal | 6 Jurisdictions | runox.ai