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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 FlexTrap?

FlexTrap is an advanced cloud platform that utilizes artificial intelligence to improve the accuracy of payments and automate accounts payable tasks, which allows finance departments to prevent payment errors, detect discrepancies, and simplify the reconciliation of supplier statements, thus reducing financial risks and enhancing operational productivity. The platform implements more than 300 validation checks and employs machine learning techniques to analyze invoices and accounts payable transactions continuously, allowing it to identify potential issues such as duplicate payments, incorrect payments to vendors, and unclaimed credits while offering real-time alerts and insights for prompt action by accounts payable teams. Additionally, it revolutionizes the often cumbersome and time-consuming process of reconciling supplier statements through AI-powered data capture and smart matching with accounts payable records, creating a fast and scalable workflow that not only tracks open credits but also improves supplier relations and management. This modernized method significantly cuts down the time and resources usually required for manual reconciliation, enabling finance teams to concentrate on more strategic priorities. Ultimately, FlexTrap equips organizations with the tools necessary to exercise tighter financial oversight and foster stronger partnerships with their suppliers, while also paving the way for more innovative financial practices in the future.

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

FlexTecs

Company Location

United States

Company Website

flextrap.flextecs.com

Categories and Features

Categories and Features

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