Hear what our customers say
"Real-time visibility of cashflows at an SKU level is achieved with Osfin's intuitive dashboards. We were able to not only manage customer transactions level but also complex recon of state-wise charges and taxes for our B2B business."
"Managing voluminous transaction data has become seamless using Osfin. We are able to achieve complete visibility on the cashflows across our Internal database, Payment Gateways and Banks. Moreover, Osfin also became our defacto auditor for PG charges and failure rates."
“Osfin is a life saviour. With its support, we've been able to better administer payments to our partners. Timely settlement and distribution of payouts allow us to concentrate on expanding our primary business. For handling partner compensation or commissions, I can't speak highly enough about Osfin.“
" Osfin offers efficient financial reconciliation, enhancing accuracy and productivity. Recommended to decrease dependency on internal team"
Frequently Asked Questions
Clear answers to common questions about Osfin’s automation and reconciliation solutions
Osfin supports automated bank reconciliation across a wide range of use cases including ACH, debit and credit card transactions, instant payments, RDC, SWIFT transfers, deposits, loan repayments, interest accruals, and general ledger vs. bank statement reconciliations.
Osfin maintains detailed audit trails, configurable validation checks, and complete transaction traceability. These controls help banks meet regulatory, audit, and internal reporting requirements while adhering to SLAs. Additionally banks with complex operational requirements, such as those with Banking-as-a-Service models or considering fintech partnerships, consider Osfin to be a core part of their compliance stack.
Yes. Osfin integrates with 170+ systems and data sources, including core banking systems. Reconciliation outputs such as journal entries can be automatically posted back into the core or downstream systems, reducing manual intervention.
Yes. Osfin automates BRS across multiple banks by ingesting bank statements, applying intelligent matching rules, and providing a unified reconciliation view eliminating the need to manage separate BRS processes for each bank.
Automated bank reconciliation softwares such as Osfin helps payments operations and accounting teams at banks
1) Reduce time spent on manual, error prone tasks
2) Operate compliantly
3) Ensure customer satisfaction with quick service.
Osfin’s platform typically achieves 98%+ automatch rates leaving users with minimum exceptions to manage.
When exceptions are discovered, Osfin’s exception management modules help teams communicate, escalate and resolve issues within the platform. Additionally Osfin’s Exception Management AI agents enable users to triage and resolve critical issues based on historic trends and policies.
Osfin provides end-to-end automation starting with data ingestion till post-reconciliation activities such as posting adjustments or journal entries. Additionally Osfin can also automate other associated activities such as downloading data or reports from email inboxes or picking up files from SFTP folders enabling teams to focus only on what matters.