ReconXi

No matter how familiar you are with the process of handling the reconciliation of your organization’s important data, in the end, it presents complex challenges — too much volume, too much time, too many manual processes. And, all too often, inefficient workflows and lack of visibility stymie your team, quickly limiting the use of your reconciliation data across various lines of business. ReconNET is the ideal solution to all of these challenges, helping your office of finance save time, reduce financial risk and grow its value to your business. Our high-volume transaction and matching software automates over 90% of daily, monthly, and periodic reconciliation while reducing associated costs and risks. We want to help you mitigate data-entry and processing errors, minimize manual processes, and tighten your internal controls.

Although ReconXpert was originally created to reconcile the Federal Reserve accounting information to the financial institution’s general ledger, the application has evolved to eliminate all time-consuming manual reconciliation processes while ensuring that accurate and timely information is available to the financial institution’s management in order to make crucial business decisions on a daily basis. ReconXpert contains two distinct modules that work together to create an advanced reconciliation tool that has unparalleled soft-coded matching rules for rapid set-up and reconciling. The Operations Module is a Web-based application that allows your organization to perform multiple reconciliations based on the business rules defined in the Administration Module. The results are displayed and the users have the ability to review automatic matches, create manual matches and manual journal entries, track open items and investigate items.