The hospitality segment is a fast growing and emerging industry for ReconArt on both international and domestic fronts. We provide a next-generation, highly scalable and user-friendly reconciliation solution that gives up-lift by replacing aging, difficult to scale systems and processes. Our solution enables your team for a step-change in efficiency, accuracy and insight.
ReconArt accommodates the Total Reconciliation Lifecycle – from partner reconciliations, bank account activity, parent chain reconciliation to high volume GL, balance sheet reconciliation and certification. The ReconArt advantage provides our customers with a web-based, enterprise class solution that is intuitive to use, quick to “go live” and easy to expand across your team and operations.
ReconArt’s vast experience in the industry allows you to benefit from an already established best practice workflow through many types of account activities, utilizing predefined and very configurable templates. The addition and adaptation of business processes is easily accomplished by the business team and does not translate into costly IT resources. Our solution allows the reconciliation and certification process to scale and meet the challenges of your growing, exciting business.
Our Hospitality clients often take advantage of this sampling of out-of-the-box capabilities:
- Merchant Accounts
- Gateway activities
- Due From and Due to Reconciliations
- general ledger attestation (SOX)
- Bank to GL
- Booking Activity
- Commission Tracking
ReconArt excels in providing a fast and risk-free implementation process. Timelines for implementation range from a couple of weeks to several months based on process complexity and data availability. Both fixed cost and time-and-materials implementations are available to suit your situation. We also offer flexible hosting – the solution can be installed in-house or ReconArt can host it in one of our world class data centers to provide an easily scaled, zero footprint, low resource option. Both deployment options provide the highest level of security with role-based permissions on our 100% web based environment.
Our Hospitality clients span the range from small regional operations to global catering and specialty services. Each has their own set of challenges and special needs and practices which we meet by leveraging great technology and configurability. We serve this industry with continued support and ever increasing commitment to provide a mature and evolving solution.
ReconArt partners with the Hospitality industry to provide a solution that solves their reconciliation challenges in a scalable and sustainable way. We are fortunate to play a key role in the financial integrity process across many organization in the industry. We hope you will explore the many ways we can add value to your environment. Have questions or need more information? Contact us today; we are happy to help.