ReconXi VS ReconArt

ReconXi Pricing

ReconArt Pricing

ReconXi

• AI-Powered Reconciliation: Utilizes artificial intelligence to automatically match financial records.
• CSV File Upload: Supports uploading bank statements and company ledgers exclusively in CSV format.
• Automated Transaction Matching: Automatically compares and matches transactions between different financial records.
• Manual Matching Capability: Allows users to manually match transactions identified as unmatched by the AI.
• Unlink AI Matches: Provides the option to unlink records matched by AI and match them manually if needed.
• Export Results: Enables users to export the reconciliation results to CSV files (Paid plans).
• Advanced AI Matching: Offers enhanced AI matching capabilities for larger datasets (Business Plan).

ReconArt

• AI-Powered Automation: Reduces manual reconciliation tasks by automating data import, transaction matching, and exception management.
• Comprehensive Financial Close Management: Supports balance sheet reconciliation, certification, period-end task management, and variance analysis.
• Configurable Approval Workflows: Enables audit-ready processes with role-based notifications and complete audit trails.
• Seamless ERP Integration: API-ready for integration with ERPs, general ledger systems, and various internal platforms.
• Scalable SaaS Platform: Handles large transaction volumes and adapts to growing business needs across industries.
• Exception Management: Identifies, categorizes, and manages transaction exceptions efficiently.
• Real-Time Dashboards & Reporting: Provides visibility and control through detailed reports and customizable dashboards.
• Robust Security & Compliance: Ensures secure, encrypted data handling with compliance-ready audit features.

ReconXi Use Cases

• Automating bank statement reconciliation for small businesses.
• Streamlining reconciliation processes for banks and financial institutions.
• Improving efficiency and accuracy for accounting and audit firms.
• Simplifying fee and expense reconciliation for schools and educational institutions.
• Assisting corporate finance departments with accurate financial tracking.

ReconArt Use Cases

• Automating high-volume bank transaction matching and reconciliation for financial institutions.
• Streamlining credit card and payments reconciliation for e-commerce businesses.
• Managing AP/AR reconciliation processes in large organizations.
• Ensuring audit readiness through period-end balance sheet certification and variance analysis.
• Integrating reconciliation workflows with ERP and accounting platforms.
• Optimizing intercompany and securities reconciliations for multi-entity corporations.

ReconXi FAQs

• What is ReconXi?

  ReconXi is an AI-powered platform designed to simplify financial reconciliation for professionals and organizations by automating the matching of financial records like bank statements and company ledgers.
• Is ReconXi free to use?

  ReconXi offers a free 'Basic' plan with limited features. Paid plans ('Starter' and 'Business') are available for users needing more capacity and advanced functionalities.
• What types of files can I upload to ReconXi?

  Currently, ReconXi only supports file uploads in CSV format.
• Can I manually adjust matched or unmatched transactions?

  Yes, users can manually match transactions flagged as unmatched by the AI and also unlink transactions initially matched by the AI to match them differently if needed, depending on the plan.

ReconArt FAQs

• What types of reconciliation can ReconArt automate?

  ReconArt can automate a wide range of reconciliation processes, including bank, credit card, AP/AR, securities, positions & trades, and intercompany reconciliations.
• Which industries benefit the most from ReconArt’s solution?

  Industries such as banking, financial services, payments, travel, retail, e-commerce, and insurance benefit from ReconArt’s reconciliation platform.
• Does ReconArt support integration with ERP and accounting systems?

  Yes, ReconArt is API-ready and integrates seamlessly with various ERPs, general ledger, and financial systems.
• How does ReconArt help with audit readiness?

  ReconArt provides configurable approval workflows, complete audit trails, secure data handling, and compliance-focused features to ensure organizations are audit ready.
• Is ReconArt suitable for high-volume transaction environments?

  Yes, ReconArt is designed to handle high-transaction volumes and is scalable for organizations of various sizes and needs.

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