ReconArt™ for NetSuite
ReconArt™ for NetSuite is a Total Reconciliation Lifecycle solution for high volume transaction matching and exception resolution (e.g. bank, credit card, merchant, AP, AR, Payroll, inter-company, suspense, trades and positions) &/or period-end balance sheet account reconciliation, attestation and certification. The solution contains sophisticated methods for data enrichment and matching, including one to one, many to one, one to many and many to many comparisons, matching with or without variance and automated tagging of exceptions.
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Overview
ReconArt™ Total Reconciliation Lifecycle™ solution
ReconArt™ for NetSuite is а scalable integrated solution designed to help organizations in any industry move away from high cost, high risk manual processes, spreadsheets and locally developed solutions to achieve a high degree of automation and control across all their reconciliation activities both daily and month end.
In summary, ReconArt™ for NetSuite is the only NetSuite-integrated fully functional, enterprise scalable, highly intuitive, totally web-delivered, and rapid to deploy Total Reconciliation Lifecycle™ solution.
Key Benefits
- Automate quickly and efficiently some or all reconciliation processes.
- Enforce consistency across all your reconciliation practices.
- Reduce operational costs and boost profitability
- Mitigate both balance and transaction based operational risks
- Enhance internal and external audit and compliance activities
- Effectively handle all journals entries and tasks that need action, review and approvals
- Close the books faster at period, quarter and year end
Customer Quote
"We are happy with the decision we made with ReconArt. Key areas have been eliminating manual reconciliation and finding patterns in unmatched transactions. ReconArt’s implementation team has been very good. We find the Support Team to be very responsive and helpful."- Finance Manager, WorldRemit.
Why Compromise on Your Reconciliations?
ReconArt™ for NetSuite allows you to establish a high degree of automation, best practice and consolidation of all your reconciliation processes within a single Total Reconciliation Lifecycle™ solution:
- All reconciliation account types in one integrated solution: transactions, positions, balances, and non-financial data.
- All stages of the reconciliation lifecycle: data import, transformation and enrichment, matching, exception resolution, journal entries and approvals, task management, period end reconciliation, attestation and certification, reporting and analytics to help you manage and constantly improve your reconciliations.
- 100% web deployed across every function: set up, administration, daily and period end activities, reporting - everything performed in your browser of choice with no software installed or plugins.
- Full multi-language and multi-region support allowing users in every continent to operate in a single database using their language and settings of choice.
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ReconArt™ for NetSuite
