tilled logo

Reconcile Payments Faster With Tilled’s Payouts Report

Up-to-date processes and modern technology can help keep your financial health out of the red and put your business in a better position to grow — need we say more?

Before the days of online payments and banking, there were balance sheets with pen and paper. Although we’ve taken many strides since then, does it ever feel like your payments process is still as tedious as if doing it by hand?

For many businesses, it absolutely is.

Despite the fact that cash flow is what keeps a business afloat, companies continue to leverage archaic processes when reconciling payments. According to an article by Trintech, a whopping “3 in 4 European companies with sales over €10 million surveyed by EY still reconcile data with pen and paper, or by eliminating entries in Excel.” 

Keeping your books up-to-date and accurate shouldn’t take hours out of your day; and with demands for payouts increasing for businesses, it’s necessary to consider adopting a more efficient and accurate way to reconcile payments and ensure the financial health of your business.

Save Time Reconciling Payments With Tilled’s Payout Report

From the beginning, one of our goals at Tilled has always been to simplify payments for B2B software companies so they can focus on running their core businesses. To do that, we developed a suite of powerful tools to streamline all aspects of payment operations, including time-consuming processes like reconciliation and payment analysis.

With our Payouts Reports, our partners can instantly review all data related to merchant payments and their associated charges, fees, and other key payment details. The report can be customized to show all or individual merchant data, adjusted to a specific date range, and then downloaded into a single spreadsheet. By having all of this data in a single location, partners can gain a bird’s eye view into their books and quickly identify and correct discrepancies while limiting human error. 

Ultimately, clear visibility into payment data will provide valuable insights into spending patterns and cash inflow, helping you make more informed financial decisions and plan better for the future. Plus, speeding up the reconciliation process means you’ll be able to move money faster through your business and manage cash flow more effectively. 

Simplify Payments from Start to Finish

As we said earlier, one of Tilled’s goals is to empower businesses to simplify payments. In addition to our Payout report, Tilled helps drive partner success by making it easy to accept multiple ways to pay, including credit, debit, ACH, and Apple Pay. Tilled also offers resources to qualify for lower interchange rates by collecting and transmitting any additional needed information for you. This could help lower your processing rates by as much as one percent or more – yowza!

To learn more about Tilled and how we can help your business simplify payments and reconcile data faster, reach out to our sales team here

More articles.

Bugs and Love Bugs

A Tale of Quality at Tilled From Butch Mayhew, Head of Quality and Reliability at Tilled One of my main responsibilities at Tilled is to create a strategy for how we deliver high-quality software at Tilled. This all starts with defining what quality is. When you think about quality within a product, how would you […]

Read More

Why Every ISV and SaaS Company Should Embed and Monetize Payments (With Tilled)

Plus how to work with a payment processing API to embed payments into your software. In episodes four and five of our nine-part video series with James Shepherd, we’re tackling some heavier topics – but we’re giving you the key takeaways from each episode upfront: If you have payments running through your software, or you […]

Read More

Monetizing Payments for SaaS Platforms: How Does Payment Processing Work?

We’re breaking down how money is actually made through payment processing.  What happens when a card is charged? In episode three of the nine-part video series, James offers a behind-the-scenes look at payment processing, using his self-storage management software, CCStorage, as a real-world example. Check out the entire episode at the video link below, or […]

Read More

Monetizing Payments for SaaS Platforms: Demystifying Payment Processing Terminology

Being “in the know” with common industry terms can set you up for greater success with integrated payments. Before jumping into the world of integrating payments, stop and think about that age-old piece of advice: don’t run before you can walk. Our nine-part series with James Shepherd on “Monetizing Payments for SaaS Platforms” serves up […]

Read More