Clearing_

For travel finance, the gap between clearing and settlement is where a lot of cash-flow confusion lives. A transaction can be authorised, cleared and reported as paid in the booking system while the merchant bank account is still waiting for the settlement movement.

Most travel finance teams treat clearing as invisible plumbing, and most of the time it is. The exception is when something goes wrong — a clearing-house incident, a scheme rule change or a regional banking holiday — and the gap between cleared and settled funds suddenly matters. A travel business with thin operating cash can feel that gap as immediate pressure.

The teams that handle clearing well distinguish authorised, cleared and settled state at the booking level so the operational picture matches the cash picture. The teams that do not assume the booking is paid when the gateway says approved, and find themselves explaining to suppliers why funds promised on Friday are not yet in the account on Monday.

felloh distinguishes authorised, cleared and settled state at the booking level so finance teams can plan operating cash and supplier payments against what has really moved.

The dashboard’s Transactions and Settlement views expose clearing and settlement state separately, so a booking that authorised this morning, cleared this afternoon and will settle next week is visible at each step. Anticipated settlement dates flow through to the Cashflow view so supplier-payment planning sees the real picture rather than the optimistic one.

For finance teams that previously treated approval as settlement, the gap finally becomes visible. Cash forecasts match the bank statement, supplier payments leave when funds have actually arrived, and the operational surprises that came from confusing the two states disappear.