ReconArt Total Reconciliation Lifecycle

ReconArt is an integrated, fully web-based, best practice solution designed to automate and manage all aspects of business data reconciliation. It is fully configurable, scalable, fast, and a technology leader in the complex high-volume transaction matching.

Functionality:

ReconArt consolidates and automates all stages of the reconciliation lifecycle:

• File import/export*
• Data transformation
• Matching at transaction and balance level
• Exceptions identification and management
• Reporting and analytics
• Task scheduling
• Period-end close & balance sheet certification workflows
• Compliance and audit readiness
• Variance analysis
• Journal entries back to the GL

*All common file formats are supported (SWIFT MT, ACH, BAI, FIRD, XLS, CSV, XML, etc.).

Benefits:

• Significant time savings and lower business costs
• Reduced manual effort and a viable replacement for obsolete methods such as spreadsheets
• Integrated platform instead of disparate tools and patched-up solutions
• Automation to prevent human errors and improve matching rates
• Streamlined process, reporting visibility and improved operational efficiency
• Enhanced multi-level control from single transaction to balance of accounts, granular audit trail
• Timely identification of risk incidents
• Intuitive & business user friendly, no heavy IT involvement
• Flexible and configurable for all industry specifics
• Scalability – industry benchmark for high volume transaction processing without performance drawbacks
• Seamless integration with ERPs, internal systems and third-party platforms
• Superb cost-to-benefits ratio

Find out more: https://www.reconart.com/software-overview/.