ReconArt
Accounts receivable software
Accounts payable automation software
Financial close software
Accounting & finance software
Financial reconciliation software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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- Banking and insurance
- Transportation and logistics
- Real estate and property management
What is ReconArt
ReconArt is a finance operations platform focused on automating transaction matching and account reconciliations across bank, payment, and ERP/accounting data sources. It is used by accounting teams and shared service centers to reduce manual spreadsheet-based reconciliation work and support period-end close activities. The product combines configurable matching rules, workflow for exception handling, and audit-oriented reporting to document reconciliation outcomes. It is typically positioned for organizations with high transaction volumes and multiple payment channels.
Configurable matching and rules
ReconArt supports rule-based matching to reconcile transactions across multiple sources such as bank statements, payment processors, and ERP exports. This helps teams standardize how matches are identified and reduce manual review for routine cases. Rule configuration also supports handling common real-world scenarios like partial matches and tolerances. For high-volume environments, this can reduce reliance on ad hoc spreadsheet logic.
Exception workflow and audit trail
The platform provides workflows to route unmatched items for investigation, resolution, and approval. It maintains logs of actions taken on exceptions, which supports internal controls and audit requests. This structure can improve accountability compared with email-driven follow-ups. It also helps teams track aging and ownership of open reconciliation items.
Close support via reporting
ReconArt includes reconciliation status reporting that can be used to monitor completion and outstanding breaks during period-end close. Standardized outputs help finance leaders consolidate progress across accounts and entities. This can reduce time spent compiling reconciliation evidence from multiple files. It also supports repeatable close processes for teams operating across regions or business units.
Integration depth varies by system
Connectivity often depends on available connectors, file-based imports, or custom integration work for specific ERPs, banks, and payment providers. Organizations with many bespoke systems may need additional implementation effort to normalize data and maintain mappings. Ongoing changes to upstream formats can require updates to import logic. This can extend time-to-value compared with products that have native integrations for a company’s exact stack.
Upfront data standardization required
Effective reconciliation automation typically requires consistent identifiers, reference fields, and data quality across sources. If transaction data lacks common keys (e.g., invoice numbers, payment references), matching rates may be lower and exception volumes higher. Teams may need to adjust upstream processes to improve reference data capture. Without this, automation benefits can be limited to a subset of transactions.
Not a full AR/AP suite
While ReconArt can support AR/AP-related reconciliation (e.g., cash application, payment matching), it is primarily a reconciliation and exception-management tool rather than an end-to-end invoicing, collections, or bill-pay platform. Companies seeking embedded payment acceptance, customer invoicing, or supplier payment execution may need additional systems. This can increase overall process complexity and vendor management. Buyers should validate which AR/AP steps are handled natively versus via integrations.
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| Essentials | Custom pricing — contact sales | Ideal for small teams (~5). Up to 25 million transactions/year; full transaction matching; exceptions management; full process automation; reports; ongoing support. |
| Plus | Custom pricing — contact sales | For teams 10+. Includes Essentials features + period-end balance sheet reconciliation and certification; up to 50 million transactions/year; full automation; reports; ongoing support. |
| Certify | Custom pricing — contact sales | Focused on period-end balance sheet reconciliation and certification; configurable approval workflows; complete audit trail; full process automation; reports; ongoing support. |
| Close | Custom pricing — contact sales | Financial close management edition — choose 2+ modules (Certification, Task Management, Variance Analysis, Journal Entries); audit readiness; dashboards & reports; ongoing support. |
| Enterprise | Custom pricing — contact sales | Enterprise-grade for high-volume reconciliations (millions/billions of transactions); advanced security, flexible deployment (on‑prem/hybrid/cloud); API/connectors; dedicated support; brochure download available; "transparent pricing model: no transaction-based pricing" stated on site. |
