Alexandria, VA – September 9, 2024 – ReconArt, a leading provider of financial reconciliation software, is excited to announce the introduction of ReconArt AI Assistant, a new feature designed to revolutionize the way users create and optimize rules...
Financial reconciliation for insurance businesses: navigating complexity with precision Insurance is a multimillion-dollar industry, serving as a critical mechanism for risk mitigation. From health and life insurance to property and casualty coverage,...
Reconciliation software solves a long-standing need for automation of key data matching and financial close processes. As soon as organizations set their mind on implementing such a solution, they contemplate on the requirements and their prioritization....
Reconciliation professionals evaluating reconciliation software have high expectations about the benefits and capabilities of their solution. Their top priority is to ensure that the software demonstrates outstanding efficiency measured by matching...
Financial reporting acts as the cornerstone for financial transparency and accountability. Reports offer a deep dive into a company's financial health metrics. They shed light on crucial areas such as cash flow, overall profitability, and other key performance...
Journal entry (JE) is an essential element of the accounting craft. ReconArt, as a comprehensive account reconciliation solution, provides functionalities for journal entry creation and enhanced control. But let start form the basics. What is a journal...
ReconArt, a market-leading provider of data reconciliation technology, and PGi Technology Solutions, a reputable consultant in business process automation, have announced a...
All companies have accounting operations. Inevitably, they do account reconciliation at period end and most likely it is bank reconciliation. It is safe to say that all businesses do bank reconciliation as their cash streams pass through the banking...
AP / AR reconciliation (accounts payable / accounts receivable) can be regarded as mirror processes. In both cases, accountants perform side-by-side comparison of invoices against payments. Companies exchange...
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