The Role of Automated Reconciliation in Banks’ Digital Transformation

by ReconArt | Other

The transformation and automation of financial processes are usually part of this bigger effort. For the reconciliation area, this means a high-volume transactional environment and process complexity. The deployment of an automated reconciliation solution, however, does not have to mean a heavy implementation and involvement of technology-based resources.

About ReconArt

Since 2011, ReconArt drives innovation in the recon space and helps a global client base establish robust, flexible and scalable data reconciliation processes. Our software solution leverages best practice and technology in line with the digital transformation trends in finance & accounting.

Our reconciliation tool is a fully configurable SaaS solution which originates from its powerful matching engine. It matches automatically your data by your predefined rules applying your unique business logic. The solution adapts to your growth curve and can accommodate very large and constantly increasing transaction volumes without compromising performance. Data quality and integrity are guaranteed through the normalization and enrichment functionality.

Oriented towards the self-sufficient business user, ReconArt is a best practice product which means implementing client feedback, staying up-to-date with technology and regulatory developments, and constant reinvestment in improvements without additional cost. We offer flexible deployment options and excellent on-going support. With ReconArt you can count on clear and predictable cost of ownership and attractive ROI.

Find out more: https://www.reconart.com/

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