ReconArt Intercompany 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.

ReconArt is designed in a way that can fully support the complex needs that arise when reconciling balances and transactions between and among different trading entities within the same parent organization. It ensures that both balance and transaction level data are properly reconciled, providing for the accuracy of reported financial statements at period end.

Core capabilities

Compare and reconcile intercompany activity and trading

Support for multiple GL, sub-ledger, and external data sources

Set up automated rules to match transactions and label exceptions

Ensure timely and accurate resolution of exceptions

Support a fully audited, streamlined and compliant process

Key benefits

Reduced manual effort and speed time to close books at month and quarter end

Increased visibility and operational efficiency

One single solution for all reconciliation needs

Business user friendly and minimal need for IT support

Scalability and flexibility to accommodate specific client/process requirements

 

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

Product and service specifications
Database
• MySQL
Language used
• C#
Operating system
• N/A
Pricing structure
• Subscription-based
User interface
• Web
Tags:
Intercompany Reconciliation, Consolidated Financial Statement, Audit Trail, Period-end Close