ReconArt
SaaS reconciliation and financial close automation for finance teams
About ReconArt
ReconArt is a cloud-based reconciliation platform that automates matching, exception management, and financial close workflows. Used by finance teams to reconcile bank statements, credit cards, intercompany transactions, and balance sheet accounts at high volumes, it replaces spreadsheet-driven processes with audit-ready automation.
Pros & Cons
Pros
- Handles extremely high transaction volumes with reliable matching performance
- Modular editions let finance teams start small and expand to full close automation
- Strong audit trail and compliance features for regulated industries
- Flexible data import handles virtually any source format
- True SaaS deployment — no on-prem infrastructure required
Cons
- Enterprise pricing is a barrier for small and mid-sized companies
- User interface feels dated compared to newer competitors like FloQast and BlackLine
- Implementation can take weeks to months depending on complexity
- Steeper learning curve than simpler reconciliation tools
- Opaque pricing requires a sales conversation
Key Features
Transaction Matching
High-volume automated matching for bank, card, payment, and intercompany data
Bank Reconciliation
Automates bank statement import and matching against GL entries
Balance Sheet Reconciliation
Reconcile balance sheet accounts with variance analysis and certification
Financial Close Management
Task management, journal approval workflows, and period-end close orchestration
Exception Management
Categorize and resolve unmatched items with workflow routing and audit trails
Data Import & Transformation
Connect to any data source with built-in ETL for normalizing formats
Audit Trail & Reporting
Complete audit trail with scheduled exports and customizable reports
Role-Based Workflows
Maker-checker approvals, role-based permissions, and notifications
Pricing
- Transaction matching
- Bank reconciliation
- Basic reporting
- Standard integrations
- Everything in Essentials
- Balance sheet reconciliation
- Variance analysis
- Advanced workflows
- Everything in Professional
- Financial close modules
- Task management
- Journal approvals
- Certification workflows
Best For
Bank Reconciliation Automation
Replace spreadsheet-based bank recs with automated matching and exception handling
Intercompany Reconciliation
Reconcile transactions across subsidiaries and eliminate manual matching work
Financial Close Acceleration
Shorten close cycles with automated task management and journal approvals
Audit Readiness
Maintain complete audit trails and supporting documentation for external auditors
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