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What is ReconNET?

No matter your familiarity with overseeing critical data reconciliation in your business, you are bound to face complex challenges—such as overwhelming data quantities, tight deadlines, and a plethora of manual tasks. Often, poor workflows and a lack of transparency impede your team's advancement, which significantly limits the utilization of reconciliation data across various departments. ReconNET tackles these challenges head-on, allowing your finance team to reclaim precious time, reduce financial risks, and elevate its overall impact within your organization. Our software is tailored for handling high-volume transactions and matching tasks, automating over 90% of daily, monthly, and periodic reconciliation efforts while also decreasing associated expenses and risks. By leveraging our solution, you can drastically cut down on data-entry errors and processing delays, simplify manual tasks, and bolster your internal controls to enhance both accuracy and performance. Adopting these cutting-edge tools not only streamlines the reconciliation process but also fosters a culture of reliability and efficiency throughout your organization, positioning it for greater success.

What is Actuals?

Actuals is an advanced transaction reconciliation platform designed to assist organizations handling anywhere from thousands to millions of transactions by automatically matching and validating financial information across multiple systems, such as order, payment, settlement, and accounting, thereby eliminating the necessity for manual reconciliation and providing a detailed audit trail for each transaction. This platform not only produces transparent, auditable accounting records but also acts as a centralized hub that continually verifies payments, refunds, and chargebacks against order and settlement data, enabling finance teams to gain immediate insights into revenue, expenses, cash flow, and discrepancies without the need for spreadsheets. Furthermore, with its smooth integrations with payment processors, order management systems, and accounting applications, Actuals supports the identification of root causes of discrepancies, optimizes both month-end and year-end closing activities, and improves operational oversight through comprehensive reporting, which reduces errors and lessens the strain on ERP systems. By utilizing Actuals, organizations can significantly enhance the efficiency and precision of their financial processes, ultimately leading to better decision-making and resource allocation. This results in a more streamlined workflow that empowers finance teams to focus on strategic initiatives rather than getting bogged down in routine reconciliation tasks.

Media

Media

Integrations Supported

Trintech

Integrations Supported

Trintech

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Trintech

Company Location

United States

Company Website

www.trintech.com/targeted-tools/reconnet/

Company Facts

Organization Name

Actuals

Date Founded

2016

Company Location

Netherlands

Company Website

actuals.io

Categories and Features

Categories and Features

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Data Developments