Tipico, Germany’s premier sports betting platform, stands at the forefront of innovation, processing millions of bets each day across its online platform and 1,000+ physical betting shops. With such a high volume of transactions, accurate and timely payment reconciliation is crucial to maintaining trust and operational efficiency. These demands come with a lot of challenges in regard to timing, processes and KYD protocols. That’s why Tipico adopted our Payment Provider Reconciliation Solution, powered by Microsoft Dynamics 365 Business Central, to further develop their back-end operations and to ensure seamless reconciliation processes.
"The implementation of the PSP Reconciliation Solution helped us to improve our processes in speed and accuracy whilst the volume of transactions was increasing steadily. So we were able to keep up our ability to maintain compliance and operational efficiency. Thanks to this solution, we've been able to create new daily reports and KPIs, significantly enhancing our ability to monitor and take action in a timely manner" - Yasmine Cachia, Treasury Analyst, Tipico
Commitment to Secure and Reliable Betting Environment
As a leader in the sports betting industry, Tipico is committed to providing a secure and reliable betting environment for its customers. The reconciliation of payments is a critical component of this commitment. It ensures that all transactions are accurately matched and verified, supporting Tipico’s KYD protocols, which are vital for compliance and customer trust
"A rapidly growing number of transactions was making it increasingly challenging for users to run all our reconciliations daily within a reasonable timeframe. This increased the risk of delays, which would have also impacted the timeliness of other operations.” - Yasmine Cachia, Treasury Analyst, Tipico
Keeping up to the highest compliance standards and offering quick and reliable services for the customers, made it necessary for Tipico to look for a scalable solution that would allow the operator to master the increasing demand. Tipico’s priority always is to ensure the timeliness and accuracy of its compliance processes including crucial KYD checks.
Automating Reconciliation with Microsoft Dynamics 365 Business Central
Our PSP Reconciliation Solution was designed to meet these challenges, automating the entire reconciliation process to ensure timely and accurate results. By leveraging Microsoft Dynamics 365 Business Central, the solution provided Tipico with the flexibility and scalability needed to handle their high transaction volumes, while also enhancing their KYD processes.
Key features included:
- Cost-Saving Automation: Automating the reconciliation process, helped Tipico to reduce the need for manual intervention.
- Enhanced Back-Office Efficiency: The solution streamlined the reconciliation process, ensuring that transactions were matched and verified quickly, supporting compliance and KYD requirements.
- Customizable and Scalable: Tailored to meet Tipico's specific operational needs, the solution could easily adapt as the company continued to grow, providing a robust and scalable platform.
- Improved Data Integrity: With real-time processing and reporting, Tipico has great visibility into their reconciliation processes, ensuring that discrepancies are identified and resolved swiftly.
“The tool has streamlined our workflow by presenting data in a user-friendly format with color-coded transactions based on reconciliation status. It also provides greater transparency of the functionality’s process through the display of import duration and transaction count.” - Yasmine Cachia, Treasury Analyst, Tipico
Tipico’s Streamlined Payment Provider Solution Transformation
By implementing our PSP Reconciliation Solution, Tipico has improved its back-end processes. The automation of reconciliation tasks helps to speed up processing, fosters accuracy and reinforces the integrity of their KYD protocols. This ensures that Tipico can continue to offer a secure and reliable betting experience, maintaining compliance with industry regulations and upholding customer trust.
Tipico's adoption of our Streamlined, Flexible, and Scalable Payment Provider Reconciliation Solution has been a game-changer for their back-end operations. With a focus on compliance, security, and operational excellence, Tipico is a reliable leading operator within the sports betting industry.
For more information on how Tipico continues to innovate and enhance its business operations, visit their website https://www.tipico-group.com/.