How TrueLabel eliminated manual PSP reconciliation across 20+ payment providers
With Reiterate, TrueLabel has a fully automated reconciliation workflow that scales with their portfolio while maintaining accuracy and providing the financial transparency their customers demand.
About TrueLabel
TrueLabel delivers end-to-end iGaming solutions that enable operators to launch, manage, and scale online casinos. Their platform smoothly integrates with game providers, payment systems, and regulatory frameworks and offers operators AI-driven analytics.
The challenge
TrueLabel's financial department had a monthly process of reconciling dozens of PSPs using Excel and Google Sheets. Since they processed payments in more than 50 currencies, including crypto, TrueLabel's finance and payments teams spent a considerable amount of their time on manual reconciliation.
Data standardization: With more than 20 PSPs and platforms in their ecosystem, their data came in different formats, and standardization had become the most time-consuming part of the whole reconciliation process.
Time-consuming reconciliation: Manually operating so many different PSPs cost them a lot of hours and made them prone to human errors and delays.
Reporting to customers: TrueLabel had dozens of different brands in their customer portfolio and needed to deliver detailed financial reporting to each one, breaking down expenses, transaction costs, and returns. But doing everything manually was becoming a bottleneck.
The solution
We provided TrueLabel with a fully automated payment reconciliation platform for handling all their PSPs in one place. They now have a simple and automated process for gathering and standardizing data from PSPs and reconciling their payments.
"Implementing Reiterate's reconciliation platform has transformed our back-office efficiency, reducing payment processing time with 100% automated data entry while dramatically improving accuracy," said Vladyslav Kalinichenko, COO at TrueLabel.
Automated data import
Reiterate's AI agent automatically handles data import from all PSPs, without requiring any manual effort from TrueLabel's team. The agent adapts to different data formats and standardizes everything into a unified structure.
Faster reconciliation workflows
After importing the data, Reiterate's platform manages the complete reconciliation process from standardization and matching to handling exceptions. This allows TrueLabel's team to focus only on figuring out the discrepancies that appear during the reconciliation process instead of wasting time on repetitive manual tasks.
Fee and settlement process
TrueLabel have fully automated their complex fee verification and client settlement processes, eliminating time-consuming and error-prone manual flows.
Using Reiterate's workflows, they're able to automatically generate reports for their customers and validate PSP settlement accuracy in minutes rather than days.
Results
The result is a fully automated reconciliation workflow that scales with TrueLabel's portfolio while maintaining accuracy and providing the financial transparency their customers demand. They now save dozens of hours a week on manual and repetitive tasks.