ReconArt Balance Sheet Reconciliation & Close

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.

ReconArt delivers robust functionality for workflow-based balance sheet account reconciliation and attestation and the financial period-end close. At its core, this process is all about substantiation of account balances and overall demonstration of accountability in the organization when it comes to balance sheet reporting and close. ReconArt’s software supports best practices and tooling for sound financial close management.

Whether your goal is to drive SOX compliance or meet other similar regulatory requirements, or simply to automate and modernize your balance sheet reconciliation and close, ReconArt can help you achieve this. Our reconciliation software is fully configurable to work with any ERP and other data sources, all type of accounts, and flexible workflow requirements. Attestation policies, reconcilement entries, substantiation notes and attachments are all stored perpetually in a centralized, secure, and fully auditable solution. From a small team of up to 10 people, to hundreds of users across different geographies, there is virtually no limit on the scope that ReconArt can support in your financial close management process.

Core capabilities

Streamlined and centralized repository for reconciliations and supporting documentation

Fully auditable attestation approval workflow

Configurable templates for all kinds of accounts - GL, Ledger to Sub ledger, Bank, Pre-paid, Intercompany, and Rollup

Support for different calendars and notifications

Ready-to-go reconciliation and status reports

Key benefits

A single consolidated platform for enhanced financial control and detailed audit trail

Full automation of the period-end certification process saving time and effort

Simplified and streamlined process that increases the visibility of the progress

100% web based

Quick integration of close data/information into and out of ReconArt

 

Find out more: https://www.reconart.com/solution/balance-sheet-reconciliation-and-close/

Product and service specifications
Database
• MySQL
Language used
• C#
• Other
Operating system
• N/A
Pricing structure
• Subscription-based
User interface
• Web
Tags:
Period-end close, Balance sheet reconciliation, Account certification, Audit trail, SOX compliance, Workflow management