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Software solutions dealing with account reconciliation have been around since the 1960s. Originally developed on mainframes, they were designed to automate the ‘ticking and tying’ of transactions to ensure that they matched. To some extent they...
Aug / 9 / 2012
Jul / 24 / 2012
If I ask a dozen finance or operations people in the business world the same question “What is reconciliation?” the chances are that I will get at least half a dozen different answers. The reason is simple: they are involved in different types of...
Jun / 18 / 2012
Capital markets firms have been reconciling data for as long as any of us can remember. However, unlike the situation in some other industries, true enterprise-wide reconciliation practices housed in one repository have eluded the industry for...
May / 7 / 2012
Microsoft Excel remains the most widely used reconciliation platform today, but at what cost? It’s perfect for small businesses or quick fixes: cheap, easy, and flexible. But what happens when your needs grow in terms of frequency, volumes and...
Apr / 25 / 2012
I recently penned a blog about how we have helped a number of clients recently with their accounts receivable cash allocation using the ReconArt™ Total Reconciliation Lifecycle™ solution. Soon after it posted, I woke up one morning realizing that...
Apr / 10 / 2012
Reconciliation technology has many uses and provides a wide array of tangible (savings) and less tangible benefits (until a problem becomes reality) in terms of mitigating financial transaction-based operational risk. For instance, all organizations, in every...
Apr / 10 / 2012
Reconciliation technology has many uses and provides a wide array of tangible (savings) and less tangible benefits (until a problem becomes reality) in terms of mitigating financial transaction-based operational risk. For instance, all organizations, in every...
Mar / 5 / 2012
Why it makes sense to deploy new technology now Now has never been a better time to review how technology can assist in the multitude of reconciliation practices that necessarily exist across multiple business lines and functions. Many of us have recently closed...
Mar / 5 / 2012
Why it makes sense to deploy new technology now Now has never been a better time to review how technology can assist in the multitude of reconciliation practices that necessarily exist across multiple business lines and functions. Many of us have recently closed...
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