ReconArt, Inc.

BG:What prospects do the travel & tourism industry face in the post-pandemic recovery period? IP: Business heavily suffered during the pandemic lockdowns. The broad travel & tourism segment has been among the hardest hit, some exited the business. Air transportation, holiday reservation platforms, hotels, recreational facilities and the...

Even without being acquainted with the craft of accountants, many have picked up stories about the gravity of the financial close. A nerve-racking event which takes place every year-end and originates numerous anecdotes and memes. What is financial close? The financial close is a crucial process that rounds off the daily efforts of the...

2020 will go down in history as a tumultuous year. We are in a defining period of time, challenging human ingenuity, perseverance, and priorities. Adapting to change can be painful and uneasy and it takes time to realise the opportunities for improvement it presents.   Businesses are compelled to face the reality of change and deal with it...

It’s the most wonderful time of the year! Well, except for the accounting community struggling with the year-end close. Most of the stress and frustration around closing the books is generated by unfit tools and the organisation of the process. Managing period-end close in accounting has several distinct challenges every F&A...

What are the main reasons these days for companies to pursue reconciliation automation? Reconciliation automation fits into the broader concept of business transformation in the realm of finance & accounting. To put it in a perspective, those efforts are aimed at reducing manual operations, tackling complexity, securing greater reporting...

By definition, corporate process optimisation propelled by digital transformation is a continuous effort. Technology innovation, pressure to stay ahead of the competition, and evolving customer needs demand enterprise act. Despite potential internal resistance, doubts and concerns about taking the leap forward, the real challenge is to stay...

The payments industry has undergone drastic changes in the last decade, making reconciliation critical to cope with huge volume, abundant data sources and a growing number of players involved in each individual transaction.   Yet what remains unchanged is the essence – payments are still about transactions, about making sure everyone...

The rush for data insights follows the Olympic motto – swifter, higher, stronger. Admittedly, information is the most valuable commodity in times of fast and dynamic changes so it is being gathered meticulously, bought and sold, stored and exchanged, processed and consumed. In the corporate world this perception has nurtured the big data...

As the pandemic spread, so did a joke – across social media: Who drives the digital transformation efforts in your company? CEO CTO CIO COVID-19 It’s funny because it rings true. Businesses around the world saw themselves amid an unprecedented situation as the pandemic hit. Lockdown restrictions and social isolation...