Dashboard - New Settlement Settings
NEW - Streamlined Multi-Branch Fund Settlement with the New Settlement Settings!
Last updated
NEW - Streamlined Multi-Branch Fund Settlement with the New Settlement Settings!
Last updated
In multi-branch business setups, financial liquidity heavily relies on seamless fund transfers. Factors such as differing bank accounts, variable transfer schedules, and branch-specific transaction types can make fund settlement more complex and potentially delay operations if not properly organized. To address this, DOKU introduces the New Settlement Settings.
DOKU’s New Settlement Settings provides a robust solution for multi-branch businesses, enabling them to configure fund settlements with precision and adaptability to meet the unique financial management needs of each branch.
Core Functionalities:
Customized Settlement Destinations Per Branch and Payment Channel For enhanced flexibility, merchants can now assign specific bank accounts to each branch and even direct payments by type or channel (e.g., sending virtual account settlements to one account while directing credit card payments to another).
This setup helps businesses efficiently manage multiple revenue streams without complex manual adjustments.
Flexible Scheduling and Minimum Settlement Amounts To support varying cash flow needs, merchants can configure branch-specific settlement schedules—daily, monthly, or bi-monthly—to keep operations in sync with each branch’s financial cycles.
Additionally, by setting minimum settlement amounts, businesses can ensure payouts align with targeted fund levels, deferring smaller settlements until a designated threshold is met.
Comprehensive, Branch-Level Reporting and Notification Customization Each branch can access detailed, transparent reports on their fund settlements. Report formats include CSV, XLSX, and PDF, and merchants can personalize templates to align with financial tracking requirements.
Notifications for settlement reports can be sent automatically to designated recipients via email or secure SFTP, ensuring timely access to financial data and reducing delays.
Intuitive Role-Based Access Control A user’s role determines their access and control over configuration settings, protecting sensitive information while maintaining operational efficiency. Company Admins manage overall business-level settings, while Branch (Brand) Admins have control over branch-specific settings, maintaining a structured and secure hierarchy in financial operations.
Together, these core functionalities empower multi-branch businesses to streamline fund settlement processes, enhancing overall financial visibility, compliance, and operational autonomy for each branch.
Key Benefits:
Simplified Financial Management for Multi-Brand Merchants Whether each branch operates with a unique bank account or centralizes transactions, Multibrand Settlement provides flexibility to manage funds based on the business’s exact structural needs. This includes the option for branches to either operate independently or refer to a central business account, ideal for franchises, aggregators, or any business with distributed operations.
Enhanced Operational Efficiency with Automation By automating fund settlement schedules and thresholds, businesses reduce manual intervention, streamline cash flow, and maintain consistent financial health across branches.
Improved Cash Flow Oversight and Control The capability to monitor fund movements and configure branch-specific settlement levels (business or brand level) empowers merchants to adapt quickly to business needs and simplify audit processes.
DOKU’s New Settlement Settings ensures that managing multi-branch finances is a structured, automated, and scalable process—giving businesses the tools to maintain full visibility and control over cash flow.
