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ReconArt 

Tag: Automated Reconciliation

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Dec / 11 / 2023

What is bank reconciliation: the five-minute guide

All companies have accounting operations. Inevitably, they do account reconciliation at period end and most likely it is bank reconciliation. It is safe to say that all businesses do bank reconciliation as their cash streams pass through the banking system. What is bank reconciliation? Every ...

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Oct / 31 / 2022

API integration brings measurable benefits in reconciliation technology

Data reconciliation technology follows an evolution path increasingly defined by scalability, reduced human intervention, and connectivity. The main objectives to continually improve speed and efficiency can be met so long as reconciliation solutions are capable of handling large data streams at sync with multiple external systems without the intervention ...

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Jul / 29 / 2022

CASS compliance needs automated reconciliations

The UK Financial Conduct Authority (the FCA) regulates more than 50 thousand financial institutions (brokers, investment banks, custodians) which hold or control client money and custody assets or are involved in debt management. Each of them must make sure to comply with the FCA Client Asset ...

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Jul / 18 / 2022

In verified data we trust: investment positions, holdings, and trades reconciliation

Capital markets were among the first to benefit from globalization and trade liberalization. The investment turnover at global scale is mind blowing. Everyone is pursuing greater returns and opportunity to preserve and increase value. However, after the 2008 financial crisis, legislators saw fit to enhance transparency and accountability. Today, investment ...

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Mar / 21 / 2022

Financial and operational risks mitigated with reconciliation automation

A special ReconArt feature first published on Bobsguide – the ultimate fintech resource, an innovative online platform that connects the providers of fintech solutions with the financial services professionals who need them. Read the article here ...

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Nov / 25 / 2021

Reconciliations automation behind the scenes: What, when and why

A special ReconArt feature first published on Bobsguide – the ultimate fintech resource, an innovative online platform that connects the providers of fintech solutions with the financial services professionals who need them. Read the article here ...

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Jun / 10 / 2021

ReconArt and 3i Infotech announce partnership in delivering data reconciliation solution

ReconArt, a market leader in data reconciliation technology and financial close management, and 3i Infotech, a global IT company driving digital transformation initiatives on 4 continents, are delighted to announce their partnership agreement. ReconArt and 3i Infotech join ...

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May / 19 / 2021

Alternative tech costs spiking during crisis

A special ReconArt feature first published on Bobsguide – the ultimate fintech resource, an innovative online platform that connects the providers of fintech solutions with the financial services professionals who need them. Read ...

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Dec / 14 / 2020

Ecommerce during pandemic and why reconciliation matters

Covid 19 has presented both threats and opportunities to the ecommerce industry As the pandemic spread, so did a joke – across social media: Who drives the digital transformation efforts in your company? A. CEO ...

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Jan / 8 / 2020

Matching Engine – the Heart of a Genuine Reconciliation Tool

A genuine reconciliation tool is not about a ...

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Sep / 5 / 2019

The Travel Industry in 2019: Trends, Challenges and How Reconciliation Tools Bring Value

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Nov / 6 / 2018

Account Reconciliations Beyond Spreadsheets

Spreadsheets are no doubt a great solution for data analysis and intermittent calculations, but their use as a long-term account reconciliation solution proves unsustainable. Recent studies suggest that Excel is still the most popular reconciliation ...

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Mar / 26 / 2015

ReconArt – Not Just a Buzz Word

Introducing ReconArt to a prospective client for the first time is always an exciting experience. No matter whether we are talking to a multi-billion dollar bank considering hundreds of users to accommodate highly complex processes, or a startup looking for a couple of users to handle a time-consuming account reconciliation, we gear up for our first-time ...

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Aug / 14 / 2014

4 Myths About Automating Your Reconciliations Debunked

You know there are problems with your current manual reconciliation process. It’s not efficient – there are way too many people ‘ticking and tying’ when they could be doing so much more. It’s open to risk and difficult to report on – unstandardized. Jack notes an exception in one way, Jill in another. Sometimes things get missed. It takes ...

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Apr / 25 / 2012

How to Make Merchant Processing Reconciliation Optimal

I recently penned a blog about how we have helped a number of clients recently with their accounts receivable cash allocation using the ReconArt™ Total Reconciliation Lifecycle™ ...

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Apr / 10 / 2012

Maximizing Receivables Cash Allocation Through Automated Reconciliation

Reconciliation technology has many uses and provides a wide array of tangible (savings) and less tangible benefits (until a problem becomes reality) in terms of mitigating financial transaction-based operational risk.  For instance, all organizations, in every market sector, have to reconcile the bank account, but there is so much more value a reconciliation ...

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Mar / 5 / 2012

The Corporate Reconciliation Landscape

Why it makes sense to deploy new technology now Now has never been a better time to review how technology can assist in the multitude of reconciliation practices that necessarily exist across multiple business lines and functions.  Many of us have recently closed the 2011 books, and gone through first internal, then external audit. This annual ...

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Let’s Talk The Corporate Reconciliation Landscape

Case Study

Premier Credit: bank reconciliation with ReconArt

Premier Credit: bank reconciliation with ReconArt

Industry: Finance, Financial Services, Lending
Focus: Multiple Bank Sources, Automation, Mambu integration

Premier Credit Limited is a microfinance company established in 2013 to provide credit only financial solutions to small and microfinance entrepreneurs in East Africa.

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ReconArt Customers

Here are some of the customers who leverage our reconciliation software to automate their reconciliation and close processes.

Soyven
Karhoo
Navan
Klar
Fujifilm
Expedia
Umpqua bank
Calgary co op B&W
Choice Bank
Nedbank
Asos
Fiat Chrysler
Ferratum
Quikrete
Deliveroo
Worldremit
Bill
Catalyst
Voyager
Toa

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