ReconArt, Inc.

And that’s when the debate always starts: should you develop a reconciliation solution in-house, or should you buy an off-the-shelf product. Often the former appears cheaper, and sometimes even gives the appearance of being quicker or easier; however reality has proven time and time again that looks can be deceiving. So here are six great...

Government entities often are among the largest organizations in terms of assets managed and cash turnover. They oversee public funds and are responsible for their gathering, safekeeping, redistribution, and investment. Apart from the sheer magnitude of financial management efforts required, institutions in custody of public funds must comply with...

As a business owner, you don’t want to waste the time of your highly motivated, expert employees on this tedious task. You would rather give them the proper tools, so they can focus on value added activities, business development and management. This is when automated reconciliation tool come to aid.

There have been many, well publicized instances where the plausible emergencies created as a result of a failure to address their reconciliation duties have culminated in unwelcome outcomes ranging from substantial fines to complete corporate collapse. There is certainly more attention to this issue today than there was even 10 years ago with a...

Position reconciliations in the investment space are so versatile and complex that creating a centralized platform for reconciling everything from FX (foreign exchange) positions, stocks, bonds and derivatives, intercompany balances, front office, back office and custodian activity and positions, has never been easily achieved in a cost effective...

To ensure customers’ smooth digital journey, traditional banks need to re-assess and redefine their operating models. This process is accelerated by the global pandemic which is transforming customer behavior and habits all over the globe. At the same time, financial services markets are disrupted by fintech companies successfully stepping in...

ReconArt was selected by TekSavvy, one of Canada’s leading independent telecommunications service providers, as the fastest growing provider of automated reconciliation software solutions to deliver intuitive reconciliation functionality for the period close process by keeping all the work contained within a single platform.

Many of the advancements in supporting the expense process have been driven by the confluence of regulation and technology. Let’s talk about what has been going on in the world of employee expenses and why reconciliation is now a crucial piece of this important corner of Finance.

These days it seems like we are receiving more and more requests to help with the automation and streamlining of credit card reconciliation. As a platform historically rooted in principles such as the ability to handle large data volumes, various and complex data sources, and multi-step matching scenarios, ReconArt™ is perfectly suited to answer...

As soon as TransferGo realized the need for a technical upgrade in its reconciliation process, its team outlined two major product requirements. First – full reconciliation process automation functionality. Second – scalability, meaning flexible solution capable to accommodate multiple data sources and huge data volumes with speed and...