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These days it seems like we are receiving more and more requests to help with the automation and streamlining of credit card reconciliation. As a platform historically rooted in principles such as the ability to handle large data volumes, various and complex data sources, and multi-step ...
Oct / 14 / 2015
Sep / 30 / 2015
Although it has been touted for many years as a pending revolution in how IT and business services are delivered, only recently has “the cloud” been embraced broadly as part of business strategy. Initially, adoption of Software-as-a-Service (SaaS) was focused on front office functions ...
Jul / 31 / 2015
ReconArt is a sophisticated Reconciliation Automation Tool which can bring cost and time savings, reduced financial risk, and efficiency into the accounting & reporting functions of your company. The benefits at a glance: ...
Jul / 30 / 2015
We are all familiar with reconciling outgoing payments against our bank accounts. That is simple enough. For the most part these are expenses. You know who the recipient is and you know why the payment is due. On the other hand, slightly more challenging is reconciling incoming ...
Apr / 15 / 2015
In my last blog post, I noted that many organizations are choosing to invest in their system solution portfolios. I outlined some rules to help guide you to a "modern" solution that has a very strong upside into the future. Often these projects are part of a broader program aimed ...
Mar / 26 / 2015
Introducing ReconArt to a prospective client for the first time is always an exciting experience. No matter whether we are talking to a multi-billion dollar bank considering hundreds of users to accommodate highly complex processes, or a startup looking for a couple of users to handle ...
Mar / 2 / 2015
There is something of a change afoot. We are on a wave that has many businesses looking to reinvest in their systems and processes. This interest is especially true in relation to reconciliation and financial close software. The drivers are varied, but generally the lack of investment ...
Feb / 23 / 2015
A detailed knowledge of reconciliation processes in bank and financial institutions (FIs) is a core competency at ReconArt, yet it never ceases to amaze us how every client’s focus is on a different process with a distinct set of challenges. We are fortunate to have worked with a ...
Feb / 9 / 2015
The United Kingdom’s Financial Conduct Authority (FCA) regulation PS14/9 related to custody assets and client money has a backstop for implementation of 1 June 2015. Compliance with the rules in the client assets sourcebook (CASS) has never been more important. There is now considerable ...
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