IERA provides automated file processing, reconciliation, and validation for electronic payment and remittance data.
IERA automates the matching and reconciliation of financial and remittance transactions, including 835-to-bank, 835-to-posting report, and three-way reconciliation workflows.
The module supports both 1-to-1 and 1-to-many relationships among payers, banks, and accounting systems. IERA also enables manual verification and exception review where reconciliation discrepancies arise.
Primary Capabilities:
- Automated ingestion and parsing of 835, NACHA, and BAI2 files
- Multi-point reconciliation (835 ↔ Bank ↔ Posting Report)
- Configurable rules engine for variance thresholds
- Exception-based manual verification workflows
- Comprehensive audit logging and reporting