ReconArt Has Released Version 3.0 of the Total Reconciliation Lifecycle Solution

24 June 2020

ReconArt has released version 3.0 of our core Total Reconciliation Lifecycle solution. ReconArt user community can now take advantage of this major upgrade geared towards optimized user experience and functional improvements inspired by their input. ReconArt is designed as a best practice product, focused on implementing client feedback, 10+ years of reconciliation experience, industry best practices, and staying up-to-date with technology and regulatory developments.

In version 3.0, in addition to the user interface refreshment, the application has gone through a sweeping redesign of the main modules, where controls were updated and unified. ReconArt clients utilizing the Period-end Balance Sheet Reconciliation & Certification functionality now can benefit from the brand new Variance analysis module to improve controls of fluctuations in account balances during the financial close process.

Multiple performance improvements for parallel processing and speed of screen loading were added, aiming at greater system responsiveness and elimination of redundant steps in system operations.

Main rules and expressions editor was redesigned from scratch to allow more intuitive work with functions and classification of the modifications possible by their type.

A wider set of account reconciliation status monitoring features and new dashboards on account reconciliation status were developed, all meant to reinforce all-round visibility for every user category – from reconcilers to higher management.

А special focus is put on flexibility of the installation options – besides inhouse and hosted models, major cloud platforms are also supported with the addition of AWS and Azure including RDS / Managed instances options for the database.

ReconArt 3.0 has added support for the latest versions of SQL server (MS SQL 2019) and Windows Server (Windows Server 2019).

Since 2011, ReconArt drives innovation in the recon space and helps a global client base establish robust, flexible and scalable data reconciliation processes. We are committed to constant reinvestment in improvements at no additional cost for our clients and new releases go live at least twice per year. We keep client communication channels open and encourage full user independence.

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