SiFi provides real-time, transparent reporting tools so you always know where your money is going. One of the most useful is the Simplified Statement, designed to give you a clear view of all your transactions at a glance.

🌟 Why SiFi Statements Are Better than Traditional Bank Statements

Unlike traditional banks, which often issue credit card statements only after 30–40 days, SiFi statements are:

• Real-time → Transactions appear in your statement instantly after they are made.

• Transparent → You can see both the authorization date and the settlement status, making it clear when funds are on hold vs. fully posted.

• Dynamic → If there’s a change in the amount at settlement (e.g., hotel pre-auth, fuel adjustment), SiFi shows the adjustment directly in the statement.

• Comprehensive → Includes budgets, accounts, and card-level detail in one place—something most banks do not provide.

👉 This means you never have to “wait for the cycle” to close. With SiFi, you can reconcile, track, and report on expenses the same day they happen.

📝 Why a Simplified Statement?

The Simplified Statement is designed to give you all the essentials in a clear, easy-to-read format without overwhelming you.

It includes:

• Transaction date → When the expense occurred.

• Settlement status → Pending, Settled, or Declined.

• Merchant details → Who you paid.

• Budget name → If the transaction is tied to a specific budget.

• Opening & closing balances → For full financial clarity.

• Local and foreign currency amounts → With conversion details.

• Adjustments → If the settlement amount differs from the initial authorization.

This way, you always know exactly what was spent, when it settled, and whether any changes occurred — without digging through raw transaction logs.

📥 Steps to Download a Simplified Statement

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1. Log in to your SiFi account.

2. From the Dashboard, go to Reports.

3. Click on Simplified Statement.

4. Choose the scope of your report:

   • Account-level statement

   • Budget-specific statement

   • Card-specific statement

5. Select the file type:

   • PDF (for easy viewing/sharing)

   • CSV (for deeper analysis in Excel/Google Sheets)

6. Select the time period (⚠️ max. 3 months recommended for faster export).

7. Click Export.

8. Go to the Download Center (under Reports or Profile menu).

9. Click Download to get your file.

🛡️ Benefits of Simplified Statements

• Instant visibility into transactions, balances, and settlement status.

• Reduces reconciliation time — no waiting 40 days for bank statements.

• Clear adjustments tracking for hotels, fuel, and foreign exchange settlements.

• Compliance-friendly — easy to share with auditors and finance teams.

• Flexible format — download as PDF for reporting, CSV for analysis.

💬 Need help understanding your statement? Contact us at support@sifi.sa or call 920031030.