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What is Reconcilio?

Reconcilio enhances the financial reconciliation workflow by consolidating various data sources, which allows finance teams to reduce manual tasks, speed up closing processes, and effectively identify exceptions. This platform supports integration with any ERP system, bank reports, payment processors, spreadsheets, or financial data collections. Users can effortlessly upload or connect two datasets to receive matched transactions, suggested matches, and clearly highlighted exceptions without needing to establish rules, mapping templates, or bespoke workflows. The adaptable tool supports multiple reconciliation scenarios such as bank reconciliation, accounts payable and receivable, intercompany transactions, PSP settlements, credit card transactions, vendor statements, customer balances, and other extensive financial matching tasks. Reconcilio is offered as both a web-based solution and an embeddable reconciliation engine API, making it suitable for software vendors, ERP systems, finance platforms, and automation providers interested in integrating advanced reconciliation features into their products. With its intuitive design and comprehensive capabilities, Reconcilio not only makes the reconciliation process more straightforward but also significantly boosts financial accuracy and efficiency across organizations of various scales. This ensures that users can focus on strategic financial decisions rather than getting bogged down by tedious reconciliation tasks.

What is LayerNext?

LayerNext is a cutting-edge financial operations platform tailored for mid-market and enterprise finance teams, utilizing AI technology to optimize and simplify processes. By enhancing tasks such as accounts payable, bank reconciliation, and financial reporting, it effectively operates across various environments, including cloud, desktop, legacy, and customized systems. The platform's accounts payable features adeptly manage invoice data, aligning it with corresponding purchase orders and receipts, ensuring smooth approval routing, and accurately posting verified entries into an ERP system. Moreover, reconciliation agents systematically compare transactions against bank data or uploaded statements, while detailed reporting workflows gather financial insights from multiple connected sources. Users are empowered to personalize business rules, create approval chains, set tolerances, and oversee exception handling, ensuring a tailored experience. Human oversight remains a priority through organized approval steps and validation checks, with comprehensive activity logs available for auditing purposes. Even for organizations without API capabilities, agents can efficiently operate through the application interface. LayerNext proves especially advantageous for businesses facing complex finance workflows, high transaction volumes, or those reliant on legacy systems, ultimately driving improvements in operational efficiency and accuracy in financial management. Its adaptability and integration capabilities further establish it as an essential tool for contemporary finance teams, fostering a more streamlined financial process.

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Integrations Supported

Integrations Supported

Epicor Eagle
FieldServio
FreshBooks
Microsoft Dynamics 365
NetSuite
QuickBooks Online
Xero

API Availability

API Availability

Pricing Information

$40/month/user
Free Trial Offered?

Pricing Information

Enterprise pricing includes an implementation fee and a recurring subscription tailored to automation scope and transaction volume.

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Not specified

Training Options

Not specified

Training Options

Not specified

Company Facts

Organization Name

Reconcilio

Date Founded

2025

Company Location

Cyprus

Company Website

www.reconcilio.com

Company Facts

Organization Name

LayerNext Inc.

Date Founded

2022

Company Location

United States

Company Website

www.layernext.ai

Categories and Features

Reconciliation

Not specified

Categories and Features

Accounts Payable

Not specified

AI Accounting Agents

Not specified

AI Finance

Not specified

AP Automation

Not specified

Reconciliation

Not specified

Popular Alternatives

Popular Alternatives

No Alternatives