In the ever-evolving payments landscape, your CEO has once again seen the light —this time, it’s all about implementing a stored value platform. The premise is straightforward: customers load funds into a branded digital wallet and use those funds for purchases. This approach not only enhances customer loyalty but also allows brands to push targeted incentives directly into shopper wallets, supercharging engagement and retention.

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As an accountant, you might be thinking,

“Sounds great, for the business financially but an operational headache for me! What about the logistics? Where will these funds be held? When will they be distributed? And, most importantly, how will this impact my month-end processes?”

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Here’s the Good News: Ansa Has You Covered

With Ansa, we believe the benefits of a stored value platform should be hassle free headaches - especially for accounting teams.

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To make this belief a reality, we have built integrations with leading accounting software to make monthly reporting seamless.

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How it works:

1. You inform us of which accounts to credit or debit for each transaction type
2. Each month, Ansa automatically compiles transaction data by type and generates the necessary journal entries according to your specifications, directly into your ERP.

That's it!

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For instance, if sales paid for with your digital wallet should be recorded under Revenue Account 123, we’ve got you covered!

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Our documentation is comprehensive, and your dedicated implementation manager is always ready to guide you through the setup.

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Headache-Free Visibility

If questions arise, the Ansa Portal provides visibility into your monthly totals and allows you to download detailed transaction reports at any time. This sets you up for success when you may need to manually reconcile or prepare for an audit.

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Integrating new partners often means hours of extra work—downloading files, mapping data, and reconciling figures. But with Ansa, that’s a thing of the past.

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Incorporating a stored value platform can revolutionize your customer interactions—and with Ansa by your side, you can focus on what truly matters: driving growth and enhancing customer loyalty, all while ensuring your accounting processes remain streamlined and efficient. Embrace the future of payments with confidence!

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Ready to take a deeper dive into accounting? Check out Ledger 101!

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