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Recon Data Factory (RDF), an integration and data validation hub, takes end-to-end reconciliation automation to a new level. What does this mean for current and future ReconArt customers? As we have often said – we listen to our users very carefully. It is a mutually beneficial relationship ...
Jul / 14 / 2023
Jun / 15 / 2023
Credit card reconciliation is an accounting process of double-checking and verification of credit accounts. The purpose of financial reconciliations in general is to demonstrate the accuracy and completeness of GL accounts through comparison to external transaction data sources. In ...
May / 11 / 2023
Account reconciliation deals with verification and double-checking of account balances. Accountants have done it for ages and predominantly manually. It is essential for validation of financial statement inputs. The importance of financial reconciliations done right has been growing ...
Mar / 24 / 2023
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Mar / 22 / 2023
How cryptocurrency works The famous Bitcoin (and cryptocurrency, for that matter) definition ascribed to John Oliver says: “Everything you don’t understand about money, combined with everything you don’t know about computers.” The prolific rise in interest in the world of cryptocurrencies ...
Oct / 31 / 2022
Data reconciliation technology follows an evolution path increasingly defined by scalability, reduced human intervention, and connectivity. The main objectives to continually improve speed and efficiency can be met so long as reconciliation solutions are capable of handling large ...
Aug / 1 / 2022
The Sarbanes-Oxley Act of 2002 (SOX) is a fundamental piece of US legislation which introduces enhanced financial disclosure for publicly traded companies. It imposes standards for financial reporting to protect investors from false or misleading representation of companies’ financial ...
Jul / 29 / 2022
The UK Financial Conduct Authority (the FCA) regulates more than 50 thousand financial institutions (brokers, investment banks, custodians) which hold or control client money and custody assets or are involved in debt management. Each of them must make sure to comply with the FCA ...
Jul / 18 / 2022
Capital markets were among the first to benefit from globalization and trade liberalization. The investment turnover at global scale is mind blowing. Everyone is pursuing greater returns and opportunity to preserve and increase value. However, after the 2008 financial crisis, legislators ...
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