ReconArt™ solution is designed in a way that can fully support the complex needs that arise when reconciling balances and transactions between and among different trading entities within the same parent organization. It ensures that both balance and transaction level data are properly reconciled, providing for the accuracy of reported financial statements at period end. …
The simple yet powerful exception management functionality within ReconArt™ ensures and enforces a streamlined and consistent workflow for the review and resolution of issues. Where discrepancies exist, they can be identified, addressed, approved and appropriately reflected in the ledgers of one or more entities in the form of journal entries. The whole process is automated: imports can be made from multiple sources and formats, data can be normalized and enriched and that adds a great amount of speed and efficiency. Healthy intercompany reconciliation avoids regulatory and statutory exposure by addressing those requirements supported by best practices. Transparency and auditability is guaranteed. ReconArt™ software provides a complete audit trail of how intercompany activity is recorded in all base systems and in the consolidated financial statements of the parent or holding company.
ReconArt is proud to receive the trust of our customers and we are dedicated to our mutual success. Here are some of the customers who leverage our reconciliation software to automate their reconciliation and close processes.
Progressive Credit is a microfinance organization founded in 2011. The company operates in 27 branches across Kenya with the mission to design innovative credit product tailored for consumers & SME.
1-800-PACK-RAT is an industry leader in portable storage and moving, who provides US customers and businesses with solutions for on-site storage, warehouse storage, local or long-distance moving.
RedCloud, HQ in the UK, has developed a digital ecosystem for order & inventory management, cashless payments, customer engagement. The platform is leveraged by small & local FMCG businesses globally.
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