ReconArt for NetSuite – combining all the benefits of #1 Enterprise Resource Planning Cloud Business Software – NetSuite, with #1 Fully Web-based Cloud Reconciliation Platform – ReconArt.

How it works?

The best of both worlds, integrated into one, is achieved as part of SuiteCloud Developer Network (SDN) Partners – the “Built for NetSuite” program. ReconArt team designed and developed a communication bridge integrating ReconArt and NetSuite systems. The integration incorporates all stages of the lifecycle into one reconciliation tool: data import, transformation and enrichment, matching and exception resolution, reporting and analytics, period end reconciliation, attestation and certification, task management and journal entries back to the GL. ReconArt for NetSuite is a 100% web deployed across every function.

Key benefits

  • Reduce operational costs and minimize potential for errors by automation of manual and semi-manual reconciliation tasks:
  • Mitigate operational risk through automation
  • Enhance compliance and audit readiness
  • Streamline reconciliation activities and relinquish manual and disparate processes involving paper reports and spreadsheets
  • Speed up period and quarter end cycles by dealing with issues on the spot, reinforcing a structured, automated workflow geared towards closing the books quickly

Common reconciliation types

  • Bank Reconciliation
  • Merchant/PSP Reconciliation
  • Account Payables and Account Receivables Reconciliation
  • Investments Reconciliation
  • Suspense Account Reconciliation
  • GL Account Reconciliation