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 ...
read moreOct / 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 ...
read moreJul / 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 ...
read moreJul / 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 ...
read moreMar / 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 ...
read moreNov / 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 ...
read moreJun / 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 ...
read moreMay / 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 ...
read moreDec / 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 ...
read moreJan / 8 / 2020
Matching Engine – the Heart of a Genuine Reconciliation Tool
A genuine reconciliation tool is not about a ...
read moreNov / 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 ...
read moreMar / 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 ...
read moreAug / 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 ...
read moreApr / 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™ ...
read moreApr / 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 ...
read moreMar / 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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