Arlington, VA, USAâReconArt announces the successful implementation of its Cloud-based ReconArt.netâ¢ subscription service at First National Bankers Bank (FNBB) after a 6 week total elapsed project from contract execution to go-live.
Requiring no more than a web browser for all administrative, end user and reporting activities, ReconArtâ¢ has initially been deployed to automate the FNBBâs daily Federal Reserve and correspondent bank reconciliation activities. After a highly successful initial project, plans are in place to expand its use to other daily matching and exception resolution activities. The bank is also considering taking advantage of the Total Reconciliation Lifecycleâ¢ design of ReconArtâ¢ with its period end GL reconciliation component.
âWhen we selected ReconArt as our partner we knew we would be merging four banks into oneâ says Carolyn Dyer, EVP & CFO of First National Bankers Bank. âWhat we did not anticipate was doing this at the same time as implementing ReconArtâ¢. That we were able to achieve this simultaneously is testimony to the systemâs ease of deployment and intuitiveness for users.â
According to Nicolo Nisbett, EVP Sales at ReconArt, âWe are delighted to have delivered a high value implementation of our ReconArt.netâ¢ subscription-based reconciliation service at FNBB to provide a standardized platform for the enlarged bankâs needs throughout its reconciliation lifecycle.â