ReconArt Bank Reconciliation

ReconArt is an integrated, fully web-based, best practice solution designed to automate and manage all aspects of business data reconciliation. It is fully configurable, scalable, fast, and a technology leader in the complex high-volume transaction matching.

Bank Reconciliation is one of the key business processes for which ReconArt was engineered. It is universal in nature and relevant to businesses of all sizes and industries. The fundamental activity in bank reconciliation involves the matching of individual transactions reported from the bank (via statement or detailed activity report) against relevant internal data (typically the GL) to ensure that all information recorded by the bank is accurate and accounted for in the business’ finance system.

Core capabilities

High volume matching between any bank statement and GL

Out of the box support for typical bank formats

Automation of data import, matching, and reporting

Fully configurable matching rules

Ready-to-go reconciliation reports

Key benefits

Significant time savings due to the full automation

Business user friendly

Auditable framework for enhanced control and compliance

Seamless integration with ERPs, internal systems and platforms

Scalability and flexibility

Find out more: https://www.reconart.com/solution/bank-reconciliation/