AI TOOL PROFILE
ReconArt Account Reconciliation Software
- Finance and Accounting
- Account Reconciliation
- Mid-market companies
- Enterprise organizations
- Financial services firms
- High-volume e-commerce businesses
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- Mid-market companies, Enterprise organizations, Financial services firms, High-volume e-commerce businesses
- Key use cases
- Bank and Credit Card Reconciliation, Intercompany Reconciliation, Period-End Close Management, AP/AR Matching
- Integrations
- NetSuite, MS Dynamics, Mambu, Dropbox, Microsoft OneDrive
- Official website
- Visit reconart official website
How AI is used
ReconArt is a web-based software designed to support the matching of high-volume financial transactions. It is built for organizations in sectors such as banking, financial services, e-commerce, and insurance that handle complex data sets across multiple accounts.
The platform supports various reconciliation needs, including bank and credit card matching, intercompany reconciliation, and balance sheet reconciliations. It includes a financial close management module to help teams organize period-end tasks and certification workflows.
Because the tool is API-ready and supports various file formats like BAI and SWIFT, it is designed to connect with ERPs and general ledger systems. Buyers should confirm if the available integration levels and data import tools match their specific technical environment.
Key Features
High-Volume Transaction Matching
Supports the comparison of large data sets across bank statements, credit cards, and internal ledgers.
Financial Close Management
Includes tools for balance sheet reconciliation, account certification, and period-end task checklists.
AI Assistant
A feature designed to support the account reconciliation process.
Exception Management
Supports the categorization and management of transactions that do not match according to set rules.
API Integration
Provides a public API connector to facilitate data flow between the platform and ERPs or core banking systems.
Approval Workflows
Features role-based notifications and journal entry approval workflows.
Use Cases
Bank and Credit Card Reconciliation
Matching external statements against internal records to identify discrepancies.
Intercompany Reconciliation
Comparing transactions across multiple subsidiaries and managing eliminations for global organizations.
Period-End Close Management
Using task checklists and account certification to support a standardized financial close process.
AP/AR Matching
Reconciling payables and receivables between the general ledger and sub-ledgers.
Integrations
- NetSuite
- MS Dynamics
- Mambu
- Dropbox
- Microsoft OneDrive
- Google Drive
- Amazon S3
FAQ
What industries is ReconArt designed for?
- It is designed for banking, financial services, payments, travel, retail, e-commerce, and insurance organizations.
Does ReconArt support automation for bank statements?
- Yes, it supports automated matching for bank statements and recognizes industry-standard formats like BAI and SWIFT.
What is the Financial Close Management module?
- This module helps teams manage period-end tasks, perform variance analysis, and handle balance sheet account certification.
Source category: Finance & Accounting
Source subcategory: Account Reconciliation
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