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.
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
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