Introduction 

A leading B2B digital payments company in the US was facing inefficiencies in its settlement and reconciliation processes. These processes were manual, slow, error-prone, and not scalable for global operations.

• Automate the payment settlement and reconciliation processes

• Target a runtime of under 5 seconds

• Enable daily, weekly, and monthly automated reporting

• Provide user-friendly interfaces for business users

• Ensure integration with legacy systems

• Improve data validation and accessibility

• Manual and slow processes

• Human errors

• Scattered and unstructured data, difficult for audits

• Complex settlement and reconciliation workflows

• Stringent SLAs for processing times

• Lack of historical data

• Integration with legacy systems

• Non-standard reporting requirements for different user groups

• Developed APIs to enable system integration

• Automated input handling from suppliers and gateways

• Built GUIs for ease of use by business users

• Set up scheduled reporting (daily/weekly/monthly)

• Implemented data validation between systems and data lake

• Created a scalable, secure architecture using AWS

Technological Framework:

Why this setup?

Spring Boot provides a robust, scalable backend for processing settlement workflows, while React with Material-UI delivers an intuitive interface that business users can operate without technical expertise.

Why this setup?

AWS Lambda with Python enables cost-efficient, auto-scaling serverless processing, while Terraform IaC ensures repeatable, consistent infrastructure provisioning at any scale.

Why this setup?

Automated input handling from suppliers and gateways, combined with data validation between systems and the data lake, ensures a single source of truth for all settlement and reconciliation activities.

Takeaway

Zapcom delivered a fully automated, scalable payment settlement and reconciliation platform that reduced errors by 98%, improved efficiency by 61%, and established a reliable single source of truth for a leading US B2B digital payments company.