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.
Regardless the size or industry domain, every company ploughs through heaps of transactions with its usual counterparts. Whether it is supplier invoices, utility bills, or client credits, their timely resolution have a significant impact on the cash position of the company. However, manual monitoring, ticking out and exceptions investigation is a daunting task, and slowness or disorder in completion can reveal tangible losses via thorough financial reconciliation.
ReconArt consolidates both Accounts Payable reconciliation (AP Recs) and Accounts Receivable reconciliation (AR Recs) and relieves accounting folks of a tremendous daily burden.
Centralize both AP/AR reconciliations in one single tool
Automate matching of incoming payments to open invoices
Automate matching of vendor statements to internal payables
Gain immediate insight into timing delays for aging analysis and process improvement
Quickly identify any real discrepancies during accounts reconciliation and post them to your GL
Minimized financial risks due to the detailed transactions reconciliation
Significant time & manual efforts saved with the full automation of the processes
Full support for all typical file formats
Capacity to process efficiently super high volumes of data
Seamless integration with ERPs, internal systems and platforms