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Mar / 17 / 2015

The Changing Landscape of the CFO

The emergence of the Shared Service Centre (SSC), sometimes also referred to as the Shared Services Operation or Organisation (SSO), is certainly no new phenomenon. Since the mid-noughties, the cost and efficiency opportunities to be had through centralisation have been well understood by CFOs. They have become part of the organisational landscape of ...

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Mar / 9 / 2015

Conciliación – Soluciones y su Desafío

El concepto manejado para el término conciliación se define como el proceso de hacer coincidir las transacciones individuales de los extractos bancarios con los datos internos relevantes para asegurar que toda la información registrada por el banco es exacta. Es un proceso que permite confrontar y conciliar los valores que la empresa tiene registrada ...

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Mar / 2 / 2015

Finding the “Modern” (Reconciliation & Financial Close) Software Solution

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 financial control solutions software. The drivers are varied, but generally the lack of investment has also created a lack of capability ...

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Feb / 23 / 2015

Reconciliation in Banks and Financial Institutions

A detailed knowledge of reconciliation processes in banks 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 wide range ...

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Feb / 16 / 2015

Insuring Your Risks: Partnering For Success

I was going to start off describing what we do here at ReconArt. In simple terms, we help our clients with their period, quarter and year-end financial close management and, leading up to that, make sure that all relevant accounts are properly reconciled. Then I suddenly realized something… In ...

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Feb / 9 / 2015

The FCA PS14/9 regulations: Coming, Ready or Not

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 ‘noise’ from the FCA given the short timescale for implementation, ...

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Aug / 22 / 2014

Is Your Financial Reporting SEC Compliant?

When you hear those letters, SEC, what comes to mind? To some it's the call sign of a superhero tasked with protecting the American people from fraud and keeping Wall Street accountable. To others it's a dreaded governmental bureaucracy creating endless paperwork and headaches. So although many of us are familiar with the SEC from news headlines, not ...

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Aug / 14 / 2014

4 Myths About Automating Your Reconciliations Debunked

You know there are problems with your current manual reconciliation process. It’s not efficient – there are way too many people ‘ticking and tying’ when they could be doing so much more. It’s open to risk and difficult to report on – unstandardized. Jack notes an exception in one way, Jill in another. Sometimes things get missed. It takes ...

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Jul / 30 / 2014

New FCA CASS Rules Require Robust Reconciliation Technology

Far reaching new rules introduced by the United Kingdom’s Financial Conduct Authority (FCA) with respect to customers’ monies and assets have been encompassed under policy statement 14/9 (http://www.fca.org.uk/static/documents/policy-statements/ps14-09.pdf). These ...

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Jul / 12 / 2014

Implementing A Reconciliation Solution – The Business Case Made

It is crucially important that all organizations, which rightly seek financial stability and control, pay careful attention to the need to deploy a robust reconciliation solution. The results of failing to do this, with the necessarily high degree of operational detail required, can be catastrophic for their reputation, both corporately and for their ...

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Case Study



Industry: Software
Focus: Multi-step Employee Expense Recs

In its own words, Workday was founded over a decade ago around the idea of putting “people at the center of enterprise software” and it continues to deliver on that idea today.

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ReconArt Customers

Here are some of our customers who leverage ReconArt to support their reconciliation and close processes.

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