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What is Bank Rec?

Bank Rec™ streamlines the bank account reconciliation process, making it quick and even enjoyable. You can wave farewell to the monotonous chores of 'ticking and tying' as your team is empowered to focus on more strategic endeavors. Each matched entry is conveniently identified with an 'audit trail number' for straightforward referencing and reporting. Any records that remain unmatched will be rolled over to the subsequent period until they are reconciled. The system allows you to generate a reconciliation report even in the face of discrepancies, offering recommendations for necessary journal entries. Our comprehensive collection of bank reconciliation reports provides deeper insights into your financial data. This innovative tool transforms a once solitary task into a thoroughly documented process that ensures uniformity and offers a solid backup for personnel and operations alike. It effortlessly integrates with any files exported in Excel, CSV, or BAI formats from your banking or accounting platforms. You have the option to use our predefined matching rules or tailor your own to cater to specific requirements. Additionally, exception reports clearly outline the causes of unmatched items, thereby significantly cutting down research time and enabling your team to focus on high-risk discrepancies. Moreover, this solution not only boosts efficiency but also fortifies the overall financial integrity of your organization, making it an invaluable asset in your operational toolkit. Ultimately, Bank Rec™ is designed to enhance collaboration and accountability within your financial workflows.

What is Ascent AutoRecon?

Reduce excess funds through fully transparent software that offers insightful clarity regarding your financial assets, allowing for more educated decision-making. Mitigate operational risks by utilizing accurate, real-time reconciliations along with extensive statistical analysis. Our unique architectural frameworks allow for the reconciliation of millions of records swiftly and efficiently. The system is designed to optimally utilize resources, featuring a highly scalable and cluster-capable engine that can adapt to various requirements. It is simple to deploy and can be tailored to fit the needs of different organizations. Automate the extraction of data from an array of sources, such as bank files, credit card processors, and Point of Sale systems, creating a solid, error-free environment that emphasizes user satisfaction. Furthermore, improve managerial effectiveness with robust security protocols and easy access controls while also enhancing the overall flow of business operations, ensuring that organizations can function smoothly and effectively. This comprehensive approach not only streamlines processes but also strengthens financial oversight.

Media

Media

Integrations Supported

Microsoft 365
Microsoft Excel
Microsoft Outlook

Integrations Supported

API Availability

API Availability

Pricing Information

$199.95 per month
Free Trial Offered?

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

Windows

Supported Platforms

SaaS
Windows

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support

Training Options

Documentation Hub
Online Training
On-Site Training

Training Options

On-Site Training

Company Facts

Organization Name

Treasury Software

Company Location

United States

Company Website

www.treasurysoftware.com/bank-reconciliation/bank-reconciliation.aspx

Company Facts

Organization Name

Ascent

Date Founded

2013

Company Location

United Arab Emirates

Company Website

www.ascentbusiness.com/bank-reconciliation/

Categories and Features

Reconciliation

Not specified

Categories and Features

Accounting

Bank Reconciliation
Nonprofits
Purchase Orders

Reconciliation

Not specified

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