The Backend: Why your refunds take forever and how Recital is fixing it
- Recital aims to automate the reconciliation process for failed bank transfers, reducing time and errors.
- The platform's automated reconciliation engine can check against multiple sources, cutting down operational time by 93%.
- Recital's chargeback module will automate evidence-gathering for transaction disputes, improving win rates for merchants.
Recital's approach to automating financial operations addresses a critical pain point for many businesses in Africa. By simplifying the reconciliation process and enhancing cash management, they are poised to significantly improve operational efficiency. However, the challenge remains in convincing businesses to invest in such solutions, especially in a market that often overlooks back-office automation.
