From real-time banking reconciliations to automated reports, APIs are great allies of businesses and companies of different sizes. These technological tools are the bridge between different systems and software, allowing automation and efficient data exchange between them, which gives more financial visibility, quality and efficiency to internal operations.
In retail, consumers use multiple forms of payment, from cards to bank transfers, and it is precisely the payment gateway APIs that simplify this reconciliation and allow a store to offer so much variety at checkout. With their help, the financial department can automatically monitor the status of payments and identify any discrepancy between sales made and amounts received.
“For retail companies, the main advantages include operational efficiency, time savings, data centralization and agile decisions. But one of the biggest attractions of APIs is the ability to automate repetitive and time-consuming processes, such as bank reconciliation. Connecting the financial systems of stores to the platforms of banks, they allow transactions (such as transfers, payment of suppliers and monitoring of balances (occur and be recorded automatically”, says Titiana Amorim, CEO and founder of Aarin, the first tech-fin hub specialized in Pix and Embedded Finance in Brazil.
This not only streamlines financial control, but also reduces the risk of fraud by enabling more rigorous analysis of payment data.For businesses, this security is essential in a scenario where transaction volume grows every day.
Titiana also states that companies that use digital accounting systems can use APIs to automatically integrate accounting entries, organizing revenues and expenses and reducing the time dedicated to manual records.“It is like having a live cashier control panel.The possibility of constantly updating and checking the balance is a differential that helps identify where it is necessary to make adjustments”, highlights Ticana.
The acronym API comes from Application Programming Interfaces (or application programming interfaces, in Portuguese), and Brazil is the fourth country that creates more APIs in the world.In 2023 alone, there were 5.45 million such programs in the Brazilian territory, according to the report State of the API 2023, conducted by Postman.“With the growth of API development, the future of retail is increasingly connected, efficient and dynamic”, concludes Titiana.
