Import/export SMEs face a unique accounting challenge — payments come in from multiple banks, in different currencies, across varying timelines. One deal might be paid through DBS in SGD, another via HSBC in USD, and a third through an overseas remittance that takes days to appear. Without a structured matching system, reconciling those collections becomes messy fast.
Here’s how trade-driven SMEs are keeping multi-bank collections clean and consistent with ccMonet — no spreadsheets, no confusion, just clarity across every deal.
When transactions live across multiple banking portals, it’s nearly impossible to see your true cash position.
ccMonet’s AI Bank Reconciliation connects securely to all your active accounts — local and foreign — and pulls daily transaction data into one dashboard.
Each collection is automatically tagged by:
That means no more toggling between portals or guessing which bank holds which payment.
Import/export invoices are rarely straightforward — partial payments, freight deductions, or exchange-rate differences make manual matching painful.
ccMonet’s AI Bookkeeping reads each remittance advice or SWIFT note and auto-matches it to the right invoice using references, amounts, and payer details.
The AI even tolerates small FX variances, flagging only what truly needs review. You get clean, verified matches without touching a spreadsheet.
FX differences can distort your receivables if not handled properly.
ccMonet records every payment in both original and base currency, applying the correct rate automatically. That ensures your books stay accurate, compliant, and comparable across currencies — ideal for SMEs transacting in both SGD and USD.
Once collections are matched, ccMonet reconciles each one directly to the right bank account in real time.
If a client pays from an unexpected source or through a third-party remittance, the AI highlights the mismatch instantly, allowing you to reassign or confirm the transaction in seconds.
No more end-of-month detective work to trace “mystery receipts.”
ccMonet’s AI Insights compiles all matched collections across banks into one live view:
This gives owners a real picture of liquidity — in local and foreign currency — before making new orders or supplier payments.
Trade documentation often faces scrutiny during audits.
Because every transaction in ccMonet carries a timestamp, invoice link, and bank reference, you get a complete digital audit trail across currencies and accounts.
That makes explaining payments to auditors or customs authorities fast, transparent, and stress-free.
For import/export SMEs, financial clarity depends on consistent reconciliation — not more spreadsheets.
With ccMonet, every incoming payment, currency conversion, and bank statement line connects automatically to its source, keeping your cross-border cash flow accurate and calm.
Sell globally. Bank anywhere. Reconcile effortlessly with ccMonet.
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