Back-office reconciliation refers to the process of matching financial records with transactions to ensure accuracy in accounting.
Back-office Reconciliation in Travel
Reconciliation is crucial for travel businesses managing multiple payment streams from bookings, refunds, and commissions.
Challenges with Back-office Reconciliation
Manual reconciliation is time-consuming and prone to errors, especially for businesses handling large transaction volumes.
Key Takeaways
- Ensures financial accuracy.
- Crucial for managing large volumes of transactions.
- Manual processes can slow operations.
How Can Felloh Help with Back-office Reconciliation?
Felloh offers automated reconciliation streamline the process, reducing errors and freeing up time for travel businesses to focus on customer service.