ReconArt Total Reconciliation Lifecycle

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.

Functionality:

ReconArt consolidates and automates all stages of the reconciliation lifecycle:

  • File import/export*
  • Data transformation
  • Matching at transaction and balance level
  • Exceptions identification and management
  • Reporting and analytics
  • Task scheduling
  • Period-end close & balance sheet certification workflows
  • Compliance and audit readiness
  • Variance analysis
  • Journal entries back to the GL

*All common file formats are supported (SWIFT MT, ACH, BAI, FIRD, XLS, CSV, XML, etc.).

Benefits:

  • Significant time savings and lower business costs
  • Reduced manual effort and a viable replacement for obsolete methods such as spreadsheets
  • Integrated platform instead of disparate tools and patched-up solutions
  • Automation to prevent human errors and improve matching rates
  • Streamlined process, reporting visibility and improved operational efficiency
  • Enhanced multi-level control from single transaction to balance of accounts, granular audit trail
  • Timely identification of risk incidents
  • Intuitive & business user friendly, no heavy IT involvement
  • Flexible and configurable for all industry specifics
  • Scalability – industry benchmark for high volume transaction processing without performance drawbacks
  • Seamless integration with ERPs, internal systems and third-party platforms
  • Superb cost-to-benefits ratio

 

Find out more: https://www.reconart.com/software-overview/.

Product and service specifications
Database
• MS SQL Server
Language used
• C#
• Other
Operating system
• N/A
Pricing structure
• Subscription-based
User interface
• Web
Tags:
Reconciliation Software, Automated Reconciliations, Financial Controls