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.
ReconArt is a fit-for-purpose solution for credit card reconciliation. This type of payment reconciliation can represent a number of business processes from sales transactions, to vendor payments, or even employee expenses. Typically, it requires the regular matching of transactions on the organization’s credit card statements to the corresponding items on the internal ledgers. Other sources of data can also be involved, like POS or e-commerce applications, corporate expense systems, and bank statements. Once all credit card activity has been reconciled, any remaining unmatched items are left for further investigation.
Multi-stepped matching to suit any process (card statement, payment gateway, bank, GL, POS)
Full support for all typical file formats
Automation of data import and matching
Robust exception management and reporting
All types of matching relationships supported
Considerable reduction in the manual effort required for reconciliation
Easy to identify fraudulent items and mispostings
Financial risk reduction
Enhanced control and improved operational efficiency
Minimal IT resources needed as the users are self-sufficient
Scalability and flexibility