Tag: Compliance

Reconciliation finds its place in any and every accounting practice, but for some business models it has become a central issue. Transactional industries stand out as the most obvious example, where huge volumes and speed of exchange operations are typical characteristics on top of cash amounts turnover. Retail business and ...

We are delighted to announce that ReconArt Inc. and Valuement Group srl have established a reseller relationship. The two companies have joined forces with the primary objective to elevate client experience. The added value of ...

Bank reconciliation is one thing that companies cannot function without nowadays, mainly because there is hardly a business that does not interact with financial institutions. While bank reconciliation is needed and wanted in order to assure control and healthy finances, it is also tedious to a level that often discourages and ...

We are delighted to announce the launch of ReconArt’s new website! We have placed more focus on our core values, way of work, and added value for our client community. With refreshed design, navigation and content updates, we have also enhanced the user experience, making it as easy as possible for prospects to find the information ...

Industry Overview Payment services and their evolving online and mobile cash transfer channels have emerged as a flourishing industry. People across borders connect and engage in trade exchange with increased convenience. The payment platforms facilitate B2B, C2B and increasingly so P2P transfers, both domestic ...

When most people hear “reconciliation” they usually think of the direct meaning of the word i.e. “to bring together again” or “to make friendly again”. Even when you open a dictionary, the first explanation is “to find a way in which two situations or beliefs that are opposed to each other can agree and exist together“. Indeed, this ...

“He’s making a list, he’s checking it twice. He’s gonna find out who’s been naughty or nice…”   Christmas is coming again – a busy period for Santa Claus. Have you ever considered the enormous effort Santa is facing here? And we are ...

In a world of infinitely deepening specialization, terminology develops in pace with evolution of technologies and inevitably requires special attention. One needs to familiarize himself with the modern industry slang first, in order to get a meaningful insight into the professional field about to be examined. The finance & accounting business ...

What does ReconArt for NetSuite mean? The simple answer would be: Managing and Automating your Reconciliations while NetSuite is your ERP system. A more elaborate answer would be: NetSuite works the way your business works, built from the ground up to the cloud. NetSuite manages your business process and integrates your company’s ...

Spreadsheets are no doubt a great solution for data analysis and intermittent calculations, but their use as a long-term reconciliation solution proves unsustainable. Recent studies suggest that Excel is still the most popular reconciliation tool for roughly 70% of the world’s financial institutions. Undoubtedly, its versatility, ...