US state treasuries: reconciliation use cases and best practices

by ReconArt | Best Practice

Reconciliation automation benefits in the specific use cases of the US state treasuries: Government entities often are among the largest organizations in terms of assets managed and cash turnover. They oversee public funds and are responsible for their gathering, safekeeping, redistribution, and investment. Apart from the sheer magnitude of financial management efforts required, institutions in custody of public funds must comply with high standards of accountability and transparency.

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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