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From industry insights and best practices to the latest technologies, compliance standards, and ReconArt platform updates, we bring it all to you – short and informative
What is fuzzy matching and how does it work? Fuzzy matching algorithms work by comparing strings of characters and determining their similarity. The acceptable deviation from a perfect match is...
Managing financial reconciliation across different function and departments can be a challenging process for organizations of any size. Navigating workflows, handling supporting documentation, and integrating data from various sources demands...
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...
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...
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...
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...
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 with clients...
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...
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...
