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.
Bank Reconciliation is one of the key business processes for which ReconArt was engineered. It is universal in nature and relevant to businesses of all sizes and industries. The fundamental activity in bank reconciliation involves the matching of individual transactions reported from the bank (via statement or detailed activity report) against relevant internal data (typically the GL) to ensure that all information recorded by the bank is accurate and accounted for in the business’ finance system.
High volume matching between any bank statement and GL
Out of the box support for typical bank formats
Automation of data import, matching, and reporting
Fully configurable matching rules
Ready-to-go reconciliation reports
Significant time savings due to the full automation
Business user friendly
Auditable framework for enhanced control and compliance
Seamless integration with ERPs, internal systems and platforms
Scalability and flexibility
Find out more: https://www.reconart.com/solution/bank-reconciliation/