Bringing success to NetSuite clients all around the globe

NetSuite’s existing and prospective clients can gain significant advantage by automating and controlling their reconciliation activities – from daily to period close.

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Info Sheet

NetSuite Clients' Success Stories

ReconArt™ delivers a fully integrated, web-deployed, easily audited solution that provides a single environment for all your reconciliation activities.

  • 1

    TeeSpring, Inc. CA, United States

    TeeSpring is an eCommerce platform that enables users to create and sell high-quality products.

    • Significant time savings by automating reconciliations
    • Reduced operational risk by minimizing exceptions
    • Enhanced audit capabilities by having research documentation immediately available online

    TeeSpring selected ReconArt™ to achieve immediate automation of current manual processes handled in Microsoft Excel and Access, support for significant business growth without adding headcount, and speed period end close.

    Teespring went live in 2 weeks!

  • 2

    WorldRemit Ltd London, United Kingdom

    WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet, available to senders in 50 countries and to recipients in 120 destinations across Europe, Asia, Africa, Australia and the Americas.

    • Allow a fully developed reconciliation practice to be implemented alongside NetSuite
    • A platform to support significant growth
    • Ability to automate and control many different reconciliation practices including daily correspondent banks, cash in transit, and GL account reconciliation at period end.

    WorldRemit adopted ReconArt™ to support growth and allow a fully automated daily reconciliation of incoming and outgoing online FX transactions across many different currencies and correspondent banks.

  • 3

    Noonday Collection TX, United States

    Noonday Collection is an eCommerce business that designs and sells an inspired collection of jewelry and accessories made by Artisans across the globe.

    • Allow a fully developed reconciliation practice to be implemented alongside NetSuite
    • A platform to support significant growth
    • Ability to automate and control many different reconciliation practices including daily correspondent banks, cash in transit, and GL account reconciliation at period end.

    Noonday adopted ReconArt™ to eliminate time-consuming processes, to address a lack of interfacing with NetSuite for manual processes, and last but not least, for the launch of its new website, which brings new relationships with payment partners.

  • 4

    CALIBER HOME LOANS, INC. TX, United States

    Leading provider of home financing with the skills and staff to help you manage one of life’s biggest financial decisions.

    • Standardized platform to manage growth
    • Automated daily reconciliation processes
    • Enhanced visibility and control

    Caliber implemented ReconArt™ to reduce operational risk, handle data from multiple subsystems and automate its complex, high volume, non-standard, manual processes.

  • 5

    Mordfin LLP | NY, United States

    The Mord¬fin Group is a highly regarded tax, accounting and advisory group, operating successfully for more than 90 years.

    • Auto-matching, that allows users to focus on exceptions, and using
    • Recon Codes, which gives the opportunity to tag transactions on the bank that require journal entries in NetSuite
    • Automated export of records for booking

    Mordfin was doing all its processes manually prior to implementing ReconArt™. Its fully automated bank reconciliation functionality helped them to manage very time-consuming reconciliation and journal entry booking.

  • 6

    Titan Manufacturing and Distributing, Inc. TN, United States

    Titan Distributors is an eCommerce distributor who sells various products across several websites as well as eBay, Amazon, and other third party marketplaces.

    • Visibility of all transactions affecting cash balances
    • Significant future cost savings by utilizing current personnel
    • Gaining insight into fees, charged by different payment processors

    ReconArt™ helps Titan to handle time consuming PayPal reconciliations and multiple Merchant accounts. Prior to implementing ReconArt™ the organization was exposed to the possibility of fraud with little insight into whether transactions were legitimate.

  • 7

    Zenefits | CA, United States

    Zenefits is an online platform to help users manage payroll, benefits, compliance, and more by seamlessly connect your company's payroll, health insurance, paid time off, and other HR systems.

    • Automation of the output of various exports into NetSuite, including customer payments for application to invoices
    • Design of a process that tracks customer payments and revenue earned by matching to bank deposits and outstanding invoices

    A high volume of transactions, posting payments and other revenue entries into NetSuite were very impractical for Zenefits in the past. That was before adopting ReconArt™.

  • 8

    Refinery 29, Inc. NY, United States

    Refinery29, an independent fashion and style website in the United States, is a lifestyle platform that delivers nonstop inspiration to help women live a more stylish and creative life.

    • Ability to utilize additional ACH report file and automatically process and match large groups of ACH transactions
    • Automatching and ReconCodes to code transactions and automatically export records for booking

    Refinery29 reached out to ReconArt’s specialists to seek help with its bank reconciliations that did not have enough information for ACH transactions to properly reconcile against the General Ledger.

    Refinery’s manual recon and journal entries were very time-consuming and required additional staff to be hired.

  • 9

    Ace Parking Melbourne, Australia

    Ace Parking is a highly innovative Australian company that offers range of services, including car park management and operation, remote monitoring, retail and commercial parking services, consultancy services and parking equipment provision.

    • Automation of bank reconciliations for Westpac and Commonwealth Bank of Australia

    As a fast growing company Ace needed to upgrade the technologies it was previously using. Migrating from MYOB to NetSuite ERP Ace deployed ReconArt&tm; as part of the solution set.

  • 10

    Aussie Commerce Group, NSW, Australia

    Aussie Commerce operates some of the largest e-commerce brands in Australia, including BrandsExclusive, and Cudo. As one of the fastest growing companies in Australia, it harbors fifteen brands under its umbrella – from luxury products and homewares to entertainment deal offers. Aussie Commerce boasts an impressive 400 staff worldwide and a forecasted turnover of more than $200 million for FY15.

    • Tracking sales items through multiple systems – from Aussie Commerce internal sales system, through external payment providers, and NetSuite GL entries.
    • Data acquisition – automating data delivery from several different external providers, cutting out manual work.
    • Consolidation – providing one place where employees can view data from all external sources, improving ease of analytics and transaction tracking, as well as auditability.

    Aussie Commerce has streamlined its entire reconciliation process by bringing all NetSuite, bank and payment provider data together into ReconArt™ as its one singular financial reconciliation and reporting system. Implementing ReconArt™ has led to substantial efficiency gains in auditability, process automation and a sustainable platform for future business growth.