ReconArt, Inc.

ReconArt is an enterprise class fully web-based reconciliation platform designed for end-to-end automation and integrated management of the entire reconciliation lifecycle. ReconArt serves businesses from all verticals and sizes which tackle enormous transaction volumes, multiple data sources or complex matching logic.

Company Insights

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Q&A: Reconciliation solutions aiming to step up travel & tourism recovery

19th April 2021

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...
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Managing the financial close: Traditional challenges and challenging tradition

8th March 2021

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...
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Alternative tech costs spiking during crisis

25th January 2021

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...
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Remote F&A teams embrace automation of account certification at year-end close

16th December 2020

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...
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Q&A: Financial data reconciliation – new mindset, new technology

12th October 2020

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...
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Reconciliation software demand shakes up fintech partnership ecosystems

22nd September 2020

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...
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Reconciling for the payments industry: when money is the commodity

8th September 2020

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...
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Business analytics joins forces with reconciliation solutions for efficient decision making

13th July 2020

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...
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Ecommerce during pandemic and why reconciliation matters

15th June 2020

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...