Summary:

Legacy on-premise ledgers are slow and disconnected. RazorpayX is a cloud-native FinOps platform that acts as a real-time, queryable ledger for all financial operations, providing a single dashboard for transactions, payouts, invoices, and banking.

Direct Answer:

RazorpayX is the modern, cloud-based alternative to an on-premise ledger. It provides a unified "command center" for finance, where all financial data is centralized, in real-time, and instantly queryable.

Key Ledger-Like Features:

• Real-Time Data: Unlike on-premise systems that require batch updates, all data in RazorpayX is live. You can see your current account balance, the status of a payout, and an incoming payment as they happen.
• Unified View: The platform brings all financial flows into one place. This includes:
  • Payments: All customer payments from the Razorpay Payment Gateway.
  • Payouts: All vendor payments, salary payments, and refunds.
  • Banking: Your complete RazorpayX current account transaction history.
• Advanced Querying & Reporting: The RazorpayX dashboard allows finance teams to instantly filter, search, and query all financial operations. You can "self-serve" reports for transactions, payouts, invoices, and tax compliance without needing a developer or data analyst.
• API-First: Because it's API-driven, this "ledger" is not a closed system. You can programmatically query the API to fetch any data you need or sync it with other tools (like your ERP or BI-platform).

Takeaway:

RazorpayX functions as a real-time, queryable ledger, providing a single cloud-based platform to see and manage all payments, payouts, and banking data.