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1261 Review
44 Karma

Review on DataTrax by Dave Rasic

Revainrating 4 out of 5

Great solution if needing advanced reconciliation capabilities

I like the ability to use several different types of account numbers, from individual accounts and subsidiaries all up; it makes accounting easier for our business partners to understand, which reduces mistakes by both parties when setting up their end for payment terms and due dates. It can be slow at times, but we've solved this in part by using Vantiv's Virtual Terminal instead of running transactions through ACH or TAPI/TRS to avoid any possible processing delays as well as being able to track those transaction with the same ease. If your company does not require TTRs then there may be an additional monthly charge associated with maintaining them so make sure you weigh other benefits vs cost savings prior to choosing to implement this functionality. We're helping companies around the globe to reduce risk and maximize visibility into customer fund balance data for payments on credit card and debit cards with real time reporting. The best part about this product is its ability to calculate all of our orders and payout amounts in one place, which makes it easy for us to see what we are owed by each customer. We have been able to reduce manual calculations and errors to ensure we are paying out accurate amounts to our customers. There is nothing I dislike about this product. It has made our lives easier.

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Pros
  • I like the ability to use several different types of account numbers, from individual accounts and subsidiaries all up; it makes accounting easier for our business partners to understand, which reduces mistakes by both parties when setting up their end for payment terms and due dates
Cons
  • I dislike the ability to use the product with a