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 reconcili...

El concepto manejado para el término conciliación se define como el proceso de hacer coincidir las transacciones individuales de los extractos bancarios con los datos internos relevantes para asegurar que toda la información registrada por el banco es exacta. Es un proceso que permite confrontar y conciliar los valores que la empresa tiene registrada de una cuenta, ya sea...

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 too much time – month end...

If I ask a dozen finance or operations people in the business world the same question “What is reconciliation?” the chances are that I will get at least half a dozen different answers.  The reason is simple: they are involved in different types of reconcilements, and touch these at varying stages of a financial period.  The reality, though, is that every business engages ...

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™ solution.  Soon after it posted, I woke up one morning realizing that the same was true for merchant processing.�...

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 platform can deliv...

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 event often...