Tag: Position Reconciliation

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Jan / 30 / 2019

The Remittance Industry & Reconciliation – the ReconArt Perspective

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 ...

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Jan / 15 / 2019

Breaking down reconciliation: types, processes, challenges

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 ...

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Dec / 17 / 2018

Santa Needs Reconciliation Software, Too

“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 ...

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Dec / 4 / 2018

Top reconciliation terms & definitions – beginners’ guide

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 ...

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Nov / 20 / 2018

ReconArt for NetSuite

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 ...

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Nov / 6 / 2018

Reconciliation Beyond Spreadsheets

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, ...

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Oct / 26 / 2018

ReconArt Is Developing Its Partnership Channel

ReconArt is a single-solution technology company providing a modern, enterprise-class, fully web-based reconciliation platform to a diverse, global client base of all industries and sizes. Our firm is headquartered in the United States just outside of Washington DC and also has offices in Europe. We have been serving our clients and the market since ...

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May / 18 / 2018

GDPR and ReconArt – Our Commitment to Data Privacy

GDPR: What is it all about? The European Union’s General Data Protection Regulation (GDPR) officially comes into effect on May 25, 2018. The compliance deadline which was a long time coming is now only 1 short week away, and even in the final days, the affected portion of the business world has been buzzing with activities ...

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Dec / 13 / 2017

Card Transactions in the e-Commerce World

The way payments are made nowadays is radically changing. People are using all kinds of devices (e.g. via smartphones and tablets) to shop, pay the rent, book a trip or make any other types of transactions. Thousands of companies are competing and cooperating at the same time to enable and simplify the flow of transactions and the transfer of related ...

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Aug / 7 / 2017

Enabling Enterprise-class Security in ReconArt

As designers of a world-class enterprise system, ReconArt has always had significant focus on application security. We have purposefully integrated enterprise security best practices in the application to keep access and data secured, while simultaneously keeping configuration and management as simple as possible. To achieve this capability, our application ...

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Case Study


First National Bankers Bank

Industry: Banking
Focus: Fed and Correspondent Bank Recs

First National Bankers Bank (FNBB), headquartered in Baton Rouge, Louisiana, was chartered as the first national Bankers Bank in the United States in 1984.

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ReconArt Customers

Here are some of our customers who leverage ReconArt to support their reconciliation and close processes.

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