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Technology · Finance and reconciliation
Automated financial reconciliation, from the sale to the bank
DaMap reconciles an average of 93% with no manual intervention, in most scenarios: banks, cards, mobile payments, gateways and your ERP, one to one, one to many or many to many. Your team reviews only the exceptions.
Where time and money go
Manual reconciliation doesn't scale: every match is a chance to lose money
Between the sale and the bank there are processors, fees, withholdings, mobile payments and transfers with no reference. Reconciling them in spreadsheets takes days, leaves open items that pile up and hides differences nobody claims.
93%
of reconciliation with no manual intervention, on average, in most scenarios.
8 h → 8 min
a daily eight-hour process is resolved in a few minutes, according to DaMap.
+100
organizations in Latin America reconcile with DaMap.
The card slip that was never settled
A card sale goes through the POS, the processor, settlement and the bank. If a slip isn't settled or the fee isn't the agreed one, nobody notices until month-end, or ever.
The transfer with no reference
Customers who pay by transfer or mobile payment (in Costa Rica, SINPE) without a number that ties it to the invoice. Someone has to guess who paid, and the receivable stays open.
The close that comes late
The ERP says one thing and the bank another. If you reconcile once a month, differences pile up, the close is delayed and the snowball of open items grows.
It isn't carelessness: these are volumes that no longer fit in Excel. DaMap matches each side automatically, every day, and leaves your team only the exceptions, each with an owner and an age.
Figures published by DaMap (damap.tech). The 93% is the average EXYGE uses, a conservative figure compared with the one DaMap publishes.
Revenue cycle
Where is revenue lost, and where do you need to reconcile?
Between the sale and the bank there are payment gateways, cards, fees and refunds; in the revenue cycle, invoices, collections and credit notes. At every match point something can be left unreconciled. See where it happens and then calculate what recovering it is worth for your company.
How it works inside
A configurable reconciliation engine, not a black box
DaMap combines rules, tolerances and matching algorithms. What it can't decide with certainty it sends to a person for approval, and every step is recorded.
It connects on its own
Banks, processors, gateways and your ERP via API, SFTP, email or database; also MT940 statements and open banking where available.
It reconciles in cascade
From one to one to sums and combinations of many items: by reference, by text or by equivalence lists, with date and amount tolerances.
A person decides the doubtful cases
Uncertain matches go to a confirmation queue, and discrepancies are managed as cases with the counterparty.
Auditable end to end
Each period has its status and each reconciliation its evidence, ready for internal and external audit.
Three ways to run it
In the cloud
100% web, no installation: it starts quickly and grows with the volume.
Dedicated cloud or your own node
For very high volumes or strict security requirements.
Connected to your internal systems
An agent inside your data center connects the ERP and your own systems with DaMap.
It connects with what you already have
Banks, cards, mobile payments and your ERP in one place
DaMap comes with a connector catalog and a library of formats from the main institutions in each country. In Costa Rica it reconciles with Banco Nacional, BCR, BAC Credomatic, Banco Popular, Promerica and Scotiabank; with mobile payments (SINPE Móvil), transfers and cards; with processors such as Evertec; and with ERPs such as SAP, NetSuite, Softland or Odoo.
If a bank changes its statement format, a new template is created in minutes and operations don't stop. To cover the full cycle, at EXYGE we combine it with Xtract, which records supplier invoices in the ERP, and with Cflow, for the workflows that fall outside the ERP.
Who uses DaMap
More than 100 organizations in Latin America
Supermarket chains, travel agencies, manufacturing, insurance, accounting firms and business groups in Uruguay, Paraguay, Mexico and Costa Rica, among them Mapfre, Grupo Vierci, Stadium and Sistarbanc.
Supermercados Liro
Supermarket chain, Uruguay
Six card processors in a single reconciliation: more than 30 manual hours a month went down to seconds, with more than 100,000 lines reconciled every month.
Buemes Viajes
Travel agency, Uruguay
Reconciliation of the corporate card, with more than a thousand charges a month, went from three days to one, with 95% reconciled on the first pass.
Source: cases published by DaMap (damap.tech). The references and figures are DaMap's, not EXYGE's.
In their clients' words
What DaMap's clients say
“With DaMap we automated processes that used to take us entire days. Now we have immediate visibility of our financial position.”
Susana Hornos, Administration Manager · Stadium (Uruguay)
“We have adopted robotized, standardized processes in our account reconciliations. We've managed to free up human time for evaluation.”
Álvaro Chebi, Finance Manager · Sistarbanc (Uruguay)
“We resolve missing deposits, missing collections or a wrongly recorded deposit in time, because I finish the reconciliation much faster.”
Aracely Gastón, Accounting · Manufactura de Pilar (Paraguay)
“We have been using it for years and we are very satisfied; it has been a great help. Very clear, very modern.”
Elbio Rossi, Administration and Finance Manager · La Constancia (Uruguay)
Source: damap.tech/clientes-resultados (quotes translated from Spanish)
What do we use it for at EXYGE?
The problems it solves in your operation
Daily bank reconciliation, not monthly
Transactions are matched every day against the ERP: differences show up while they can still be claimed.
Cards and mobile payments end to end
From the card slip to settlement and deposit, with fees, commissions and withholdings checked against what was agreed with each processor.
Intercompany reconciliation
Across the group's companies and countries, in several currencies, with exchange rate tables and holiday calendars by country.
Exceptions with an owner
Whatever doesn't match becomes a case, with an owner, an age and follow-up with the counterparty, until it is closed.
How do we implement it?
Projects of weeks, not months
01
We understand the logic of your reconciliation
Sources, matching rules and how exceptions are handled: how it makes sense to reconcile in your case, with your team.
02
We reproduce that logic
We turn it into tiered rules, from the simplest to the most complex. If it helps, we connect the ERP to extract the items and return them already reconciled.
03
Live prototyping
From the first month it reconciles what comes in and manages discrepancies. If needed, we load history to reconcile backward and claim what has built up.
04
Up and running in a few weeks
Whatever stabilizes goes live right away. At the end, hands-on training and a dashboard to monitor large volumes in real time.
In which solutions?
Where does DaMap come in?
Finance operations and shared services
Bank and payment-method reconciliation in the shared services center, with a continuous close and no accumulated open items.
Modern controllership, risk and compliance
Every reconciliation with evidence and every difference with an owner: daily controls that audit can verify.
Cost and profitability
Fees, commissions and withholdings checked against what was agreed: what each processor charges stops being an invisible cost.
Do you reconcile by hand, halfway or with a snowball of open items?
Let's talk for 30 minutes about your reconciliation: we'll show you with your data where revenue is slipping away.
