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What is supplier statement and invoice reconciliation? The process of reconciling a supplier statement and invoice reconciliation in general is quite plain and simple. The Supplier submits a list of transactions and the outstanding balance of unpaid invoices for a given period. ...
Feb / 25 / 2020
Jan / 8 / 2020
A genuine reconciliation tool is not about a pretty face, but all about a mighty heart. The reconciliation space is burgeoning and overcrowded these days. Software solutions promising miracles are just round the corner. But a closer look reveals that few offerings include a robust ...
Nov / 25 / 2019
Introduction. Digital Transformation in Banking and Financial Data. When it comes to financial data streams, paper as a medium has irreversibly lost the battle with e-formats decades ago. “Digital” does not mean only paperless, but above all being able to structure and analyze the ...
Oct / 7 / 2019
“Account reconciliation is the process of comparing two sets of records to ensure their balances are correct at the end of the accounting period”, end of the definition. As clear and simple as it sounds, this definition implies more than meets the eye. Imagine you are a small coffee ...
Sep / 5 / 2019
The travel industry has evolved tremendously in the past decades. Traveling the globe in 80 days might have been a miraculous achievement in the 19th century, but in today‘s hectic world anyone who can spare two or three weeks on the road can do it without breaking the bank. No ...
Aug / 5 / 2019
Government entities such as state treasury institutions, 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 ...
Jun / 18 / 2019
For businesses of any size, keeping on top of finances is a must. Account reconciliation is the process of comparing recorded transactions internally to monthly account records, such as bank or credit card statements to ensure that the records match up with what actually happened. Put ...
May / 21 / 2019
Account reconciliation finds its place in any and every accounting practice, but for some business models it has become a central issue. Transactional industries stand out as the most obvious example, where huge volumes and speed of exchange operations are typical characteristics ...
Apr / 15 / 2019
We are delighted to announce that ReconArt Inc. and Valuement Group srl have established a reseller relationship. The two companies have joined forces with the primary objective to elevate client experience. The added value of the partnership program is aimed at client process ...
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