Autocore offers an automated payment orchestration platform for hotels, integrating payment gateways with their PMS and booking engines. It streamlines reservation payment collection, reconciliation, and cash flow management while providing real-time, anti-fraud bank validations.
Funding
Funding not disclosed
Founders
Product
Problem
Hotels face inefficiencies in managing reservation payments due to fragmented systems and manual processing. This leads to increased operational overhead, delayed cash flow, and potential revenue leakage.
Solution
Autocore provides an automated payment orchestration platform designed for the hospitality sector. It integrates hotel payment gateways with their existing Channel Manager, booking engine, and Property Management System (PMS). This integration automates the entire reservation collection process, from initial booking to final payment reconciliation. The platform enhances financial operations by reducing manual intervention, improving cash flow, and minimizing errors. Additionally, it incorporates real-time, anti-fraud bank validations for every transaction to mitigate financial risk.
Target Audience
The primary customers are hotels and hospitality businesses seeking to optimize their digital payment collection processes and improve financial operational efficiency.
Features
- Direct integration between payment gateways and hotel operational software (Channel Manager, Booking Engine, PMS).
- Automated reservation payment collection and reconciliation.
- Real-time, anti-fraud bank validations for transaction security.
- Streamlined cash flow management for hotels.
- Reduction in manual payment processing and associated operational costs.
- Support for consolidated payments from agencies.
- Virtual payment terminal functionality.