Bank Reconciliation

Bank Reconciliation Software

Automate and streamline your bank reconciliation process across all accounts and entities

Why ReconArt

How ReconArt Streamlines the
Bank Reconciliation Process

  • Universal bank reconciliation tool

    A configurable solution designed for businesses of all industries and sizes, ReconArt ensures accurate matching of bank statement transactions with internal financial records like the cash accounts of the General Ledger.

  • Full automation of all reconciliation steps

    AI-enhanced data import, enrichment and transformation, scalable multi-source data ingestion, normalization and validation, rule-driven matching, exception classification and reporting, and flexible output formats.

  • Broad Format Support

    Compatible with standard bank statement formats,  like CSV, XLSX, TXT, XML, BAI, ACH, SWIFT MT, camt.053 (ISO20022), FIRD and custom or proprietary formats.

  • Overcomes complex reconciliation challenges

    Handles high transaction volumes, varied bank statement formats, multi-currency transactions, and complex relationships (e.g., matching one-to-many, many-to-many) — removing typical bottlenecks.

  • Exception management and compliance

    Provides instant visibility into discrepancies (bank fees and taxes, deposits in transit, delays, reversals, etc), enabling quick resolution within an auditable framework and best-practice reporting.

  • Seamless integration with existing systems

    Flexibly connects with ERPs, banking systems, and payment providers to ensure smooth data flow, reduce manual intervention, and maintain data consistency across your financial ecosystem.

Process

How It Works From bank feed to certified close

Step 1

Connect

Bank statements arrive automatically from core banking systems, SWIFT, SFTP, direct feeds, or any structured data source.
Step 2

Transform

RDF normalises formats, currencies, and date conventions before a single transaction reaches the matching engine.
Step 3

Match

Rule-driven auto-matching processes high volumes instantly. Exceptions are classified and routed to the right owner automatically.

Step 4

Certify

Finance teams review, sign off, and export audit-ready reconciliation reports. Period close is completed with full traceability.
Key Benefits

Why Finance Teams Choose ReconArt

By implementing ReconArt’s bank reconciliation software, businesses achieve continuous accounting capabilities, improve compliance, and ensure accuracy in financial reporting.

01

Close faster

End-to-end automation reducing manual efforts at month-end close.

02

Audit-ready

Auditable workflows, transaction-level history, supporting documentation.

03

Scales with you

Accommodates growing transaction volumes, accounts and currencies.

04

Business-user friendly

No IT expertise required for set-up or daily operations.

05

Seamless integration

Ingests files, connects with ERPs, financial messaging platforms and bank feeds.

06

Visibility and control

Real-time dashboards and reporting provide full transparency into reconciliation status.

Analytics

Real-time visibility into a structured, repeatable process

ReconArt gives finance teams a structured, auditable bank reconciliation process with real-time visibility into match rates, open exceptions, and close progress across every account and entity.
Every step — from data ingestion to final sign-off — is tracked, documented, and repeatable, with analytics and dashboards that turn reconciliation data into actionable insight.

  • Exception dashboard categorises open items by type, value, and owner — so nothing falls through
    the cracks at period-end
  • Match rate trends visible across periods — most clients reach 97–98% auto match rates within a few
    reconciliation cycles
  • Full audit trail from first import to certified close — ready for internal and external review at any time
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Insights & Resources

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