Timing Mismatches
Authorization, settlement, and bank posting happen at different moments across systems. A payment that is 'done' in one ledger is still pending in another, so balances never quite agree until everything catches up.
PLATFORM
03 / Operations
Treasury & Reconciliation
Automated treasury movement and real-time reconciliation for enterprise-grade operations — designed around an event-sourced ledger that finance and audit teams can trust.
In Development
01 / Problem
The Reconciliation Problem
Despite decades of automation, most finance teams still close their books by hand — exporting statements, matching rows in spreadsheets, and chasing differences that no single system can explain. The cost is not just labor; it is delayed visibility and eroded trust in the numbers.
Partial & Split Settlements
A single instruction may settle in parts, across batches, or against multiple sources. Matching one expected amount to several actual movements defeats naive one-to-one reconciliation and pushes work to humans.
Fee & FX Drift
Fees and currency conversions are applied unevenly along the path, so received amounts rarely equal sent amounts to the cent. Unexplained residues accumulate and quietly distort the close.
02 / Ledger
The Ledger Model
Reconciliation is only as trustworthy as the ledger beneath it. Railix is designing a double-entry, event-sourced ledger where every balance is derived from an immutable sequence of events — never overwritten in place.
- Ledger Accounts
- Structured accounts representing sources, destinations, and internal positions, each with a defined type and currency.
- Journal Entries
- Balanced double-entry postings where debits and credits must sum to zero, enforcing correctness at write time.
- Balance Types
- Distinct available, pending, and reserved balances, so committed-but-not-final value is never confused with spendable value.
- Event Immutability
- Ledger events are append-only; corrections are expressed as new compensating entries rather than edits.
- Replayability
- The full ledger state can be rebuilt by replaying its event log, enabling verification and safe recovery.
- Point-In-Time Balance Reconstruction
- Any account balance can be reconstructed as of any historical moment for audit and dispute resolution.
03 / Matching
Automated Matching & Exceptions
Matching is designed as an explicit pipeline, not a black box. Most items clear automatically; those that cannot are routed to a structured exception queue with a full audit trail rather than disappearing into a spreadsheet.
- 01
Ingest
Movement data is collected from settlement, banking, and internal sources into a common intake.
- 02
Normalize
Records are standardized to a shared schema — currencies, references, and identifiers aligned for comparison.
- 03
Match (1:1, 1:many, many:many)
Expected and actual movements are matched across simple and complex cardinalities, including split and batched settlements.
- 04
Auto-Clear
Confidently matched items are cleared automatically and posted to the ledger without human touch.
- 05
Exception Queue
Unresolved items are routed to a structured queue, classified by exception type for efficient handling.
- 06
Resolution & Audit Trail
Each resolution is recorded with its rationale, producing a complete, reconstructable audit trail.
Exception taxonomy (design): unmatched (no counterpart found), duplicate (repeated record), amount variance (value differs beyond tolerance), and orphan settlement (movement with no expected instruction).
04 / Movement
Treasury Movement
Beyond reconciliation, Railix is designing treasury movement as a governed, auditable capability. The following describe planned capability, not currently available features.
Balance Visibility Across Accounts
A consolidated, real-time view of available, pending, and reserved balances across all accounts is a planned capability.
Rules-Based Sweeps & Thresholds
Planned support for configurable sweeps and threshold triggers to move funds automatically under defined policy.
Approval Workflows & Maker-Checker
Planned maker-checker controls so material movements require independent review before execution.
Reporting Exports For Finance & Audit
Planned structured exports designed to feed finance systems and satisfy audit evidence requirements.
Close The Books In Real Time
The ledger and reconciliation model are in active development. Request early access to follow progress and share your reconciliation requirements.