All ReconArt Editions are web-based and work with any ERP, accounting system, and external data sources.
Find Your ReconArt edition
Universal bank reconciliation tool: a configurable solution designed for businesses of all industries and sizes, ReconArt ensures accurate matching of bank statement transactions with internal financial records like the cash accounts of the General Ledger
Overcomes complex reconciliation challenges and removes typical bottlenecks: handles high transaction volumes, varied bank statement formats, multi-currency transactions, and complex relationships (e.g., matching one-to-many, many-to-many)
Full automation of all reconciliation steps: AI-enhanced data import and transformation, rule-driven matching, exception classification and reporting, integration of multiple data sources
Exception management and compliance: provides instant visibility into discrepancies (bank fees and taxes, deposits in transit, delays, reversals, etc), enabling quick resolution of outstanding within an auditable framework and best-practice reporting
Broad Format Support: compatible with standard bank statement formats (like CSV, XLSX, BAI, ACH, SWIFT MT, camt.053) and custom or proprietary formats
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
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
Follow best practices by allowing automated, granular positions reconciliation
Quickly identify and resolve breaks
Gain instant visibility into errors and risk
Clean up and enrich all data from custodians and internal systems as needed
Combine with bank/cash activities reconciliation
One centralized repository for balance sheet account reconciliations and supporting documentations
Fully auditable attestation approval workflow
Checklist for month-end close or any other period-end activities
Automation of the period-end certification process saving time and efforts
Variance analyses of key period-end balances against previous periods
Ensure that all JEs (Journal Entries) posting to the GL are correct
Configure approval workflows based on amount thresholds for different risk levels
Set up as many approvers as needed
Ensure double-entry posting back to any ERP
Ensure controlled and audit-proof JE posting process
Compare and reconcile intercompany activity and trading
Support for multiple GL, sub-ledger, and external data sources
Set up automated rules to match transactions and label exceptions
Ensure timely and accurate resolution of exceptions
Support a fully audited, streamlined and compliant process
Allows full system integration within complex application landscapes
Allows both inbound and outbound integration with ERPs, workflow software, enterprise-wide schedulers, data lakes and warehouses
Supports automatic file ingestion as well as automatic output to feed in the business processes
Token based authentication and secure connection
ReconArt Customers
Here are some of the customers who leverage our reconciliation software to automate their reconciliation and close processes.
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