01
Bank activity arrives through Brazil's Open Finance
Transactions from the reimbursement accounts are read straight from the bank, with consent, with no statements downloaded by hand.
Riocard Mais · Urban mobility
Reimbursing Rio de Janeiro's public transport operators
Riocard automated the reimbursement flow for public transport operators across the state of Rio de Janeiro. Bank activity arrives through Brazil's Open Finance, is reconciled against what each operator is owed, and the result goes to SAP. The operation also runs 150,000 invoices a month through Docs.
How the data moves
- 01Open Finance
- 02Reconciliation
- 03Reimbursement
- 04SAP
- invoices a month
- 150,000
The challenge
Why it's hard.Urban mobility.
With electronic ticketing, a passenger tops up a card once and rides buses, trains, ferries and light rail run by different operators. Every trip creates an amount owed to the operator that carried the passenger. Finance has to make sure the amount calculated for each operator is what actually left the bank, on the right day, and record it all in the ERP. With many operators and recurring payouts, checking line by line can't close on time.
Calculated reimbursement vs. bank statement
- Operator AR$184,320.00Wire sentR$184,320.00
- Operator BR$97,510.40Pix sentR$97,510.40
- Operator CR$61,200.00Wire sentR$61,020.00
- Operator DR$45,870.15No match
Sample data.
How it works
How Openi solved it.In 3 steps.
- 02
What's owed is compared with what's paid
The amounts calculated per operator come in as the other source. The rule set matches each payout with the corresponding bank movement.
- 03
The result goes to SAP
What matches is recorded in SAP. Payouts with no bank movement, different amounts or movements with no operator are set aside for the team.
For the team
What's in plain sight.No digging.
- Payout with no matching bank movement
- Amount paid different from amount owed
- Bank movement with no operator identified
On the platform
Solutions used.
- Bank and crypto connectivityOpen Banking in Europe and Brazil, direct bank integrations and crypto wallets: accounts, payments and transactions wired into finance and the ERP.
- ReconciliationBanks, ERP, card acquirers and invoices matched by rules and AI. Only the mismatches reach your team.
- Tax document issuing and captureNF-e, NFC-e, NFS-e and NFCom (Brazilian e-invoices) issued from your systems, received invoices and CT-e captured by CNPJ, every response tracked.
- ERP integration and workflowsSystems connected, data transformed, rules, approvals and runs tracked until the ERP confirms them.
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