Reconciliation of transactions between the platform and bank accounts

Purpose

1. Automate reconciliation of financial transactions between EV charging station platforms and connected bank accounts to validate that all credited customer payments and issued invoices accurately match bank deposits, refunds, and transactions across systems.

2. Automates identification and flagging of mismatches, duplicates, and missed settlements, providing robust traceability of automated billing and payment fulfillment for governmental revenue tracking and regulatory compliance.

3. Supports high-frequency transaction processing, automating daily, weekly, or real-time reconciliation tasks to ensure data integrity and detecting discrepancies in near real-time.

Trigger Conditions

1. Automates execution on receipt of transaction logs or payment notification from EV charging management systems.

2. Automates scheduled triggers (e.g., at end-of-day, hour, or custom cycle) for batch reconciliation.

3. Automates on-demand triggers by finance, accounting, or regulatory operator via secure dashboard/action button.

Platform Variants

1. SAP ERP (SAP S/4HANA)

• Feature/Setting: API-based integration for extracting ledger entries and payment statuses.
  
• Sample Configuration: Configure out-bound API call on transaction event, inbound webhook for automated transaction sync.
  

2. Oracle Fusion Cloud ERP

• Feature/Setting: Transaction Matching REST API.
  
• Sample Configuration: Scheduled automated retrieval and posting of payments reconciliation objects.
  

3. Salesforce Financial Services Cloud

• Feature/Setting: Payment Matching Flow with Platform Events.
  
• Sample Configuration: Automate matching rules to synchronize bank deposits by event trigger.
  

4. QuickBooks Online

• Feature/Setting: Bank Feeds and Transaction Sync API.
  
• Sample Configuration: Automates periodic fetching of statement data for automated bulk comparison.
  

5. Xero

• Feature/Setting: Bank Transactions API.
  
• Sample Configuration: Automates webhook to fetch live bank transaction feeds.
  

6. Stripe

• Feature/Setting: Balance Transactions API.
  
• Sample Configuration: On payment received, automated API call retrieves transaction entry for reconciliation.
  

7. PayPal

• Feature/Setting: Transaction Search API.
  
• Sample Configuration: Automates scheduled search for new payment events for matching.
  

8. Plaid

• Feature/Setting: Transactions endpoint.
  
• Sample Configuration: Automated periodic pull of new transactions for automated reconciliation matching.
  

9. Adyen

• Feature/Setting: Balance Platform API Payouts.
  
• Sample Configuration: Automatically fetch settled payouts to cross-check with invoices.
  

10. Wise (formerly TransferWise)

• Feature/Setting: Profile Transactions API.
  
• Sample Configuration: Automates fetching transaction data for ongoing reconciliation.
  

11. Open Banking (UK/EU) APIs

• Feature/Setting: Account Information Service (AIS).
  
• Sample Configuration: Automates consented fetch of bank statement data for nightly reconciliation runs.
  

12. SAP Concur

• Feature/Setting: Financial Transaction Integration API.
  
• Sample Configuration: Automated data sync and matching of expenses with bank credits.
  

13. NetSuite

• Feature/Setting: Bank Reconciliation SuiteApp/API.
  
• Sample Configuration: Automates scheduled upload and match for all payment transactions.
  

14. Zoho Books

• Feature/Setting: Bank Feeds and Webhooks.
  
• Sample Configuration: Automatedly imported bank statements for auto-matching.
  

15. FreshBooks

• Feature/Setting: Payments API.
  
• Sample Configuration: Automates webhook on payment creation for matching with bank feed.
  

16. Revolut Business

• Feature/Setting: Account Statement API.
  
• Sample Configuration: Automates retrieval of latest bank transactions into reconciliation workflow.
  

17. Square

• Feature/Setting: Transactions API.
  
• Sample Configuration: Automated fetch of each sale/settlement event to cross-verify with deposits.
  

18. Intuit Mint

• Feature/Setting: Transaction Sync API.
  
• Sample Configuration: Scheduled periodic automation of bank log download and matching.
  

19. Tink

• Feature/Setting: Aggregated bank transaction API.
  
• Sample Configuration: Automated fetch of all multi-bank transactions for batch reconciliation.
  

20. Microsoft Power Automate (Dataverse, Excel, Dynamics 365)

• Feature/Setting: Automated Flows for Financial Data Imports.
  
• Sample Configuration: Trigger on new data or schedule to import/export transaction lists for automated matching.
  

21. Google Sheets (Apps Script, or API)

• Feature/Setting: Automated script or add-on for transaction import and cell-by-cell comparison.
  
• Sample Configuration: Fetch new data from platform and bank for automated reconciliation alerts.
  

Benefits

1. Automates manual matching, freeing staff from repetitive and error-prone reconciliation tasks.

2. Accelerates identification of missed, misallocated, or erroneous payments, automating financial reporting.

3. Enhances transparency, audit trail, and compliance by automating reliable, timestamped logs.

4. Reduces operational cost by automating labor-intensive reconciliation, boosting throughput.

5. Supports scalable, automatable workflows as transaction volume grows, removing reconciliation bottlenecks.