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What is ReconArt?

ReconArt is a sophisticated web-based platform tailored for enterprises, aimed at streamlining the entire data reconciliation process while enhancing management integration. By leveraging cutting-edge technology and industry best practices, our reconciliation software solution effectively aligns with the ongoing digital transformation trends in the realms of finance and accounting. The platform's comprehensive integrated features encompass every stage of the reconciliation lifecycle, which ranges from administrative and data management to advanced transactional matching and exception handling, culminating in a thorough and fully auditable reconciliation of balance sheets. Additionally, it offers essential supporting tools such as journal approvals and variance analysis to facilitate the reconciliation process. Furthermore, ReconArt provides user-owned functionality that accommodates all forms of reconciliation, including but not limited to bank accounts, credit cards, payments, general ledger/suspense accounts, and accounts receivable/payable. In addition, it effectively manages ledger to subledger reconciliations, intercompany trades, positions, and balance sheets, making it an indispensable tool for financial professionals.

What is Frontier Reconciliation?

Even with rigorous regulations designed to promote accurate and compliant financial reporting, many companies still depend on outdated manual or semi-automated reconciliation and certification methods. These traditional approaches can result in various problems, including inaccuracies, operational inefficiencies, and reduced oversight of financial data during the certification process. Fiserv's Frontierâ„¢ Reconciliation provides a robust end-to-end solution that grants a comprehensive view of account reconciliation organization-wide, facilitating the easy identification of exceptions and minimizing the need for manual efforts. This solution fully automates labor-intensive workflows and ensures compliance with both corporate and regulatory requirements. Yet, the reduction of errors and the minimization of write-offs represent only a fraction of the overall advantages. By lessening the demand for manual investigations and interventions in the reconciliation process, organizations can achieve enhanced efficiency and lower operational expenses, enabling their teams to concentrate on more strategic, value-added initiatives. Ultimately, implementing such holistic solutions can revolutionize financial operations while paving the way for sustained success and growth within the organization.

Media

Media

Integrations Supported

NetSuite

Integrations Supported

ARGO

API Availability

API Availability

Pricing Information

$300/month/user

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS
Windows

Customer Service / Support

24 Hour Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

ReconArt

Date Founded

2008

Company Location

United States

Company Website

www.reconart.com

Company Facts

Organization Name

Fiserv

Company Location

United States

Company Website

www.fiserv.com/en/solutions/risk-and-compliance/financial-control-and-accounting/frontier-reconciliation.html

Categories and Features

Accounting

Accounts Payable
Accounts Receivable
Bank Reconciliation
CPA Firms
General Ledger
Government
Multi-Currency
Nonprofits

Financial Close

Not specified

Reconciliation

Not specified

Categories and Features

Compliance

Archiving & Retention
Audit Management
Controls Testing
ISO Compliance
Risk Management
Version Control

Financial Reporting

Audit Trail
Balance Sheet
Cash Management
General Ledger
Income Statements
Multi-Company
Multi-Department / Project

Financial Risk Management

Compliance Management
For Hedge Funds
Operational Risk Management
Stress Tests

Reconciliation

Not specified

Risk Management

Auditing
Business Process Control
Compliance Management
Dashboard
Internal Controls Management
Response Management
Risk Assessment

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