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ReconArt Opens Up Direct Bank Data Feeds

by Nicolo Nisbett

Nicolo Nisbett

During the fourth quarter of 2015, ReconArt will offer new capabilities directly from within the ReconArt™ Total Reconciliation Lifecycle™ solution to automatically source both bank and other account activity data needed for reconciliation. ReconArt’s new ReconArtConnect™ service will give users access to their transactional data at over 17,000 financial institutions and other service providers across the globe. By using this feature, customers will be able to benefit from retrieval of activity statements that will be available on an automated and scheduled basis or on-demand. Users will no longer have to log into multiple bank websites to download statements and massage them for use in the bank reconciliation process.

ReconArt to launch automated bank feeds for reconciliationWhen coupled with ReconArt’s fully automated reconciliation solution platform, the entire process of data sourcing, transformation, mapping, matching and reconciliation can happen without user interaction. Only unmatched items will remain for investigation and resolution. The savings in staff time and the shift in focus to risk-centered activities is a significant boon to any operation whether large or small. By removing user actions in the data acquisition and incorporation process, the feature enhances security, control and integrity in the reconciliation flow. Furthermore, adoption of this integrated service may lead certain clients to significantly reduce their costs of having statements provided by their bank or banks.

This new ReconArtConnect™ service makes adding a bank account a simple, one-time process through ReconArt’s intuitive, self-service interface. As all the data comes into ReconArt’s system in a uniform format, business logic and analysis can be standardized against it.

While many organizations will benefit from accessing data related to bank accounts, the service will also include access to Credit Cards, PayPal and many other types of accounts.

Tags/Topics in this article: Product Announcement

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Another Stellar Year for ReconArt

by Hristo Marintchev

Hristo Marintchev
Once again, and for a second year in a row, ReconArt delivered fantastic growth in 2014. Just as our reconciliation software technology set progresses from strength to strength and remains unsurpassed in the industry for its intuitive flexibility, so too does our company. When the ReconArt™ Total Reconciliation Lifecycle™ solution was first launched at the beginning of 20...
Tags/Topics in this article: ReconArt Business

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Imagine software announces expanded reconciliation offering in partnership with Reconart

by Nicolo Nisbett

Nicolo Nisbett
NEW YORK – October 22nd, 2013 – Imagine Software, an award-winning provider of real-time portfolio and risk management solutions, and ReconArt, the complete lifecycle reconciliation specialists, today announced a partnership to offer firms in the alternative investment industry a robust and fully integrated portfolio management and reconciliation platform f...
Tags/Topics in this article: Partners

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ReconArt Triples In Size During 2012

by Nicolo Nisbett

Nicolo Nisbett
What a year 2012 was for ReconArt. Like so many of our customers, our finance team was busy last month pulling together all the final numbers for 2012, while many of us here at ReconArt have been focused on the year ahead. We have been vigorously executing our new plans for 2013 based upon client feedback.  We have been assessing various new markets - both industry-focused ...
Tags/Topics in this article: ReconArt Business

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Knab goes live with ReconArt reconciliation technology

by Nicolo Nisbett

Nicolo Nisbett
ReconArt announces the go-live of its ReconArt™ Total Reconciliation Lifecycle™ platform at the Netherlands’ latest bank. Arlington, VA, USA and London, UK (October 2012) —ReconArt announces the successful implementation and go-live of its ReconArt™ reconciliation solution at Knab, the latest online and mobile-centric bank launched recently in the Netherla...
Tags/Topics in this article: Clients

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What is Bank spelled backwards?

by Nicolo Nisbett

Nicolo Nisbett
What is the word ‘Bank’ spelled back-to-front?  Well it’s obviously Knab, but why do I ask?  Because it’s the name of one of our valued clients that has just gone live.  And when I say ‘gone live’ I mean in two very different but complementary ways.  First of all the folks at Knab have just very recently gone live as a company.   As a result, they have also go...
Tags/Topics in this article: Clients

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Customer Leverages ReconArt™ for “Out of the Box” Win

by Nicolo Nisbett

Nicolo Nisbett
Here at ReconArt™ we love to hear of our customers’ success stories.  We are really proud of the intuitive yet functional reconciliation platform we have developed.  That said, nothing cheers us more than hearing how are clients are using the ReconArt™ platform in ways that even we had never considered.  I was on a c...
Tags/Topics in this article: Customer Feedback

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ReconArt supports Fiesta Insurance’s growth with rapid deployment and immediate ROI

by Nicolo Nisbett

Nicolo Nisbett
ReconArt announces the go-live of its ReconArt.net™ cloud-based Reconciliation Software-as-a-Service at Fiesta Insurance Franchise Corp headquartered in Huntington Beach, California. Arlington, VA, USA (February 7, 2012) —ReconArt announces the successful go-live of its cloud-based ReconArt.net™ reconciliation solution in record time at ...
Tags/Topics in this article: Clients

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ReconArt Establishes Formal EMEA Presence and Office in London, UK

by Nicolo Nisbett

Nicolo Nisbett
ReconArt announces the incorporation of ReconArt (UK) Limited to coincide with the opening of its EMEA regional office based in London, United Kingdom, dedicated to the support of its rapidly growing client-led international footprint. Arlington, VA, USA and London, UK - ReconArt announces its continued inte...
Tags/Topics in this article: Press Release

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