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/.
Database |
MS SQL Server
|
Language used |
C#
Other
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Operating system |
N/A
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Pricing structure |
Subscription-based
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User interface |
Web
|