About Accounting as a Service

This section introduces the service and sets expectations.

What is Accounting as a Service?

Accounting as a Service is a fully managed solution that goes beyond providing a platform—it takes over your accounting processes entirely, starting with the data you provide. Designed for eCommerce businesses, omnichannel providers, subscription-based services (like mobility, charging-providers or fibre optics), and other industries, this service manages subledger accounting, payment management, and reconciliation from end to end, allowing clients to focus on their core business while we handle the financial backend.

Key Differentiators

Complete Process Outsourcing

Unlike other solutions that simply offer a platform, Accounting as a Service takes over your accounting processes from booking transactions based on your invoices to managing payment flows and reconciliation. This fully managed approach eliminates the need for clients to maintain in-house accounting teams or software, streamlining operations and reducing overhead.

Extensive Payment Method and PSP Integration

Our service is pre-integrated with leading Payment Service Providers (PSPs) like Computop and Stripe, among others. Integration with these PSPs is straightforward and involves configuration within the provider, meaning clients do not need to integrate with Accounting as a Service interfaces directly. We support a wide array of payment methods, including:

  • Wallet Payments: ApplePay, GooglePay, AmazonPay, PayPal.
  • Local Payment Methods: P24 (Poland), iDEAL (Netherlands), Bancontact (Belgium), EPS (Austria).
  • Card Payments: Visa, MasterCard, American Express, Diners, Discover.
  • Online Payments: Blik, Multibanco, PayU, Trustly.
  • Bank Payments: Pre-payments, open invoice, direct debit.
  • Other Payments: Cash on delivery, gift card payments, omnichannel payments, in-app purchases, loyalty cards.
  • Collected Payment Methods: rivertyPay (Buy Now Pay Later), Klarna

PayPage Feature for Seamless Payment Experience

Accounting as a Service includes a unique PayPage feature that allows end-customers to select their preferred payment method for settling open amounts. The PayPage is customized to match the client’s branding, creating a seamless user experience where the end-customer remains unaware that they are interacting with a Riverty system. Payments are processed directly through the client’s PSP, ensuring that subsequent processes, such as settlement creation, occur as if handled through the client’s own checkout system.

End-to-End Process Integration

We are directly integrated with our sister company, a collection service provider, enabling seamless end-to-end financial management from invoicing to collections. This integration supports an efficient dunning process and ensures comprehensive financial oversight without the need for additional third-party services.

Customization and Configuration Capabilities

During the setup, clients have multiple options to individualize their Accounting as a Service configuration. This includes:

  • End-Customer Communication: All communications, including payment handling and notifications, are set up to appear as if they originate directly from the client, ensuring a seamless brand experience for end-customers.
  • Payment Handling Flexibility: Clients can define who captures payments (client or Accounting as a Service), select preferred PSPs (one or multiple for a single legal entity), and differentiate data by legal entity.
  • Tailored Dunning Processes: Clients can customize the dunning process, including intervals, fees, and payment terms, aligning them with their specific business requirements or using our standard configurations based on industry best practices.

Productized and Ready for Market

Our setup is highly productized, meaning there are minimal customization costs, and implementation is quick and efficient. We promise a short time to market, making it easy for clients to get started and see immediate value.

European Market Focus with Global Reach

While Accounting as a Service primarily targets the European market, with a strong focus on industries such as fiber optics, charging providers, mobility companies, and eCommerce, it is also capable of supporting setups outside Europe. This flexibility makes it a versatile choice for companies looking to expand their financial operations across multiple regions.

Flexible Communication and Notifications

Accounting as a Service communicates directly with end-customers, sending notifications for key events such as payment confirmations, payment failures, and dunning reminders. For clients, the system provides various notifications, including balance updates, chargeback alerts, invoice creations, and daily ledger balances, enabling financial management and decision-making.

Compliance, Security, and Reporting

The service supports eInvoicing and adheres to strict compliance standards, ensuring secure and compliant handling of all transactions. At the end of each month, clients receive a comprehensive report with general ledger account sums and open items, ready to be integrated into their general ledger.