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Terra Insight

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2024
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TransactIG

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TransactIG is a reconciliation infrastructure platform built for the complexity of Indian finance — TDS deductions, GSTR-2B mismatches, NACH batch credits, and multi-platform settlement variances that generic tools were never designed to handle. Finance teams at mid-market and enterprise companies spend weeks every quarter chasing mismatches across Form 26AS, purchase registers, bank statements, and payment gateway reports. TransactIG eliminates that by running structured matching logic against every combination your business creates — net-of-TDS invoices, partial payments, platform fee deductions, GST components — and surfacing only true exceptions that need human judgment. What TransactIG does: TDS Reconciliation — Match deductor-reported TDS in Form 26AS against your books at the section level (194C, 194J, 194H, 194Q, and more). Flag PAN mismatches, short deductions, and challan gaps before TRACES issues a demand notice. GST & ITC Reconciliation — Reconcile GSTR-2B against your purchase register, track ITC eligibility, and generate audit-ready exception reports for every return period. Platform Settlement Reconciliation — Match settlements from Razorpay, PayU, Amazon Pay, Flipkart, Zomato, Swiggy, and OTAs against your order records — including MDR deductions, TCS, returns, and chargebacks. NACH & Batch Matching — Reconcile bulk credit files against individual loan, payroll, or mandate records with configurable tolerance and return-code handling. Bank & Multi-Bank Reconciliation — Connect HDFC, ICICI, SBI, and other bank feeds. Handle narration patterns, UTR matching, and opening balance carry-forwards automatically. Why Indian finance teams choose TransactIG: India's compliance stack — TDS at source, input tax credit rules, NACH return codes, platform TCS — creates reconciliation edge cases that ERP modules and Excel cannot reliably handle. TransactIG was designed specifically for this environment, with matching logic that accounts for net-of-TDS amounts, GST-inclusive payments, and multi-deductor scenarios out of the box. Customers have moved from 51% automated match rates to 88% within 90 days of going live — cutting reconciliation cycles from 3 weeks to 3 days and eliminating the backlog that accumulates during quarterly TDS and GST filing windows. TransactIG is ISO 27001:2022 certified, deployed on Indian cloud infrastructure, and designed for finance teams that need audit trails, role-based access, and DPDP-compliant data handling. Best fit for: Finance controllers, CFOs, and tax heads at companies with ₹50 Cr+ annual revenue in NBFC, healthcare, IT services, e-commerce, logistics, or manufacturing — where reconciliation volume makes manual processes a liability.

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Rajesh P.
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Rajesh P.
03/27/2026
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Review source: G2 invite
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Handles the net-of-TDS matching problem that every other tool got wrong

IT services invoicing is messy — clients deduct TDS at 10% under 194J, some pay GST separately, some net it, some pay in tranches. Our previous reconciliation tool kept flagging every invoice as a mismatch because it couldn't handle net-of-TDS amounts. TransactIG handles this natively. It also reconciles our GSTR-2B against our purchase register automatically each month, which saves our GST team roughly 4 days per return period.

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Bengaluru East, IN

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Year Founded
2024