AP / AR reconciliation Software
How ReconArt Streamlines the AP/AR Reconciliation Process
One centralized reconciliation platform
Manage both Accounts Payable (AP) and Accounts Receivable (AR) reconciliation in a single, automated tool — no more siloed processes or disconnected spreadsheets.
Better cash flow management
Get real-time insights into payables, receivables, overdue payments and outstanding balances. Monitor timing delays for aging analysis and process improvement.
Improved internal controls and financial reporting
Aging reports, supplier spend analysis, reconciliation summaries, outstanding balances, exceptions, payment status and trends.
Seamless matching of invoices and payments
Reconcile vendor statements and internal payables with precision; automatically match incoming payments to open invoices, reducing manual intervention.
Reduces errors and fraud risks
Instantly identify discrepancies with automated issue detection and resolution workflows. Journal entry creation and approval are built right in and integration ready.
Full financial control across AP & AR
Centralized oversight of all AP/AR reconciliation activities with complete visibility into every transaction, status, and exception.
Process
How It Works From invoice intake to certified reconciliation
Data Sources
Invoices
Vendor Statements
Bank Feed
GL / ERP
Payments
Normalise
Matching Engine
Exceptions
Exception Management Break Resolution
Auto-categorisation, aging analysis, root cause tracking, and escalation workflows.
Key Benefits of ReconArt Payables & Receivables Reconciliation Software
Automated invoice processing
Significant time and manual efforts saved with automated invoice intake, validation, and matching across AP and AR workflows.
Streamlined exception handling
Auto-flagged discrepancies including duplicate invoices, overpayments, missing payments and payments in transit — resolved in configurable workflows.
Seamless ERP & GL integration
Seamless integration with ERPs, GL modules, internal accounting systems and invoicing platforms, with full support of all typical file formats.
Cloud-based scalability
Secure and scalable cloud-based solution accommodating growing numbers of monthly invoices and super high transactional volumes.
Configurable approval workflows
Configurable workflows for approval, investigation, and resolution — role-based notifications and a granular audit trail for full compliance.
Close faster
Complete your AP and AR close on time, every time, with matched transactions, resolved exceptions, and a signed-off audit trail. No last-minute scrambles, no reconciliation gaps.
Analytics
AP/AR Reconciliation Dashboards
- Open items dashboard aged by 30, 60, and 90+ days, broken down by counterparty and currency
- Invoice match rate tracked across periods, so improvements to matching rules and upstream data quality are immediately visible in the numbers
- Full audit trail from transaction import to certified sign-off, supporting internal controls and satisfying external audit requirements
Customer Success Stories
Trusted by finance teams worldwide
ReconArt is proud to receive the trust of our customers. Here are some organizations leveraging our reconciliation software.
Insights & Resources
Choosing reconciliation software is nоt a decision finance teams get to revisit every year. Between data migration, process reconfiguration, and staff retraining, switching platforms is disruptive enough that most organizations live with their choice for five, ten, sometimes more years.
OTA reconciliation in the travel industry stands out with its complexity. While a traveler sees a single booking and a single payment, hotels, online travel agencies (OTAs), tour operators, and other travel businesses may record that same transaction differently. Much
Travel industry reconciliation – the process of aligning financial records across multiple stakeholder – is structurally different from reconciliation in many other industries, because a single booking rarely involves a single transaction. It passes through intermediaries and generates multiple financial
Extend beyond AP / AR reconciliation
Bank Reconciliation
Automate bank statement matching against GL and sub-ledger entires with full audit trail.
Explore
Credit Card Reconciliation
Reconcile credit card statements across all card schemes and payment gateways automatically.
Explore
Financial Close Management
Coordinate tasks, approvals, and certification across the full period-end close cycle.
Explore