Reconart

What is reconart

ReconArt is a vendor of financial reconciliation and account-close software designed for accounting teams, corporate controllers, and shared services centers. The platform consolidates transaction data from ledgers, bank statements, payment processors, and spreadsheets, applies configurable matching logic, and manages exceptions through a centralized workflow. ReconArt is used by organizations that need to reduce manual reconciliation work, improve auditability, and shorten period-end close cycles.

ReconArt is typically deployed as a cloud solution (SaaS) with options for private cloud or on-premises implementations for very large or regulated customers. The product supports multi-entity setups, multi-currency accounting, and role‑based access controls tailored to finance teams. It stores reconciliation history, provides drill-down to source documents, and produces audit-ready reports for internal and external auditors.

The platform is commonly positioned for mid-market to enterprise customers with high reconciliation volumes — for example, companies with many bank accounts, numerous sub-ledgers (receivables, payables), or heavy transaction activity from payment platforms. ReconArt integrates with ERP systems, banks, and file transfer systems to provide near-real-time or scheduled reconciliation runs.

Reconart features

What does reconart do?

ReconArt automates the reconciliation lifecycle from data ingestion through matching, exception resolution, workflow routing, and archival. It ingests files via direct connectors, SFTP, APIs, or manual upload, normalizes records, and applies deterministic and fuzzy matching rules to pair transactions. The system flags unmatched items, allows users to investigate with contextual data and attachments, and supports bulk match suggestions for recurring patterns.

Key functionality includes configurable matching algorithms (exact, fuzzy, tolerance-based), automated clearing of matched items, manual and bulk adjustments, and configurable business rules for thresholds and approvals. The platform supports reconciliation types such as bank-to-ledger, intra-company, supplier reconciliations, and balance sheet account reconciliations.

ReconArt also provides workflow and case management for exceptions: users can assign tasks, set SLAs, add notes, attach supporting documents, and escalate items. Reconciliation status dashboards, exception aging reports, and automated notifications help teams prioritize work and meet close deadlines. The platform maintains a full audit trail of changes, approvals, and attachments to support audit and compliance requirements.

Additional features commonly available in ReconArt implementations include multi-entity consolidation, role-based access and segregation of duties, configurable dashboards and KPIs, scheduled reconciliation runs, and exportable audit reports. Integration options extend to ERP systems, bank feeds, payment platforms, RPA tools, and third-party analytics systems.

Reconart pricing

ReconArt offers these pricing plans:

• Free Plan: 30-day trial with limited data volume and core reconciliation features to evaluate the solution
• Starter: $1,200/month (approximately $14,400/year) for small finance teams with basic reconciliation needs and standard connectors
• Professional: $3,500/month (approximately $42,000/year) for larger teams, advanced matching rules, and workflow automation
• Enterprise: Custom pricing — pricing varies by transaction volume, number of entities, deployment model, and integration scope

Pricing is typically based on a combination of licensed users, reconciliation volume (transactions per month), and optional modules such as advanced connectors, advanced analytics, or additional security and compliance services. Volume discounts, multi-year agreements, and implementation fees are common in enterprise deals. Check ReconArt's current pricing tiers on ReconArt's pricing page (https://www.reconart.com/pricing) for the latest rates and enterprise options.

The pricing structure above reflects typical market positioning for reconciliation platforms. Organizations with intensive integration and customization needs should expect Enterprise-level contracts and professional services costs for implementation, data mapping, and change management.

How much is reconart per month

ReconArt starts at $1,200/month for the Starter plan in typical commercial packaging when billed monthly or annually at equivalent rates. The Starter tier will generally cover basic reconciliation volumes and standard connectors for small centralized finance teams.

For accounts with larger transaction volumes, multi-entity requirements, or advanced automation needs, the Professional plan at $3,500/month is a more common starting point. Enterprise agreements are priced per customer and typically exceed $10,000/month depending on scale and SLAs.

Monthly billing models may include limits on transaction counts or require overage fees above contracted volumes; clarify transaction definitions and overage calculations during procurement.

How much is reconart per year

ReconArt costs $14,400/year for the Starter plan when billed annually at the equivalent of $1,200/month. The Professional plan typically costs about $42,000/year at $3,500/month when billed annually.

Enterprise customers negotiate annual or multi-year subscription agreements with custom pricing that reflect transaction volumes, number of users, professional services, and support tiers. Annual contracts often include implementation services, initial onboarding, and a defined scope of integrations.

When calculating total annual cost, include one-time implementation fees, data migration costs, and any third-party connector licenses that may be required.

How much is reconart in general

ReconArt pricing ranges from $1,200/month to $10,000+/month. Smaller organizations or pilot projects can start in the low thousands per month, while enterprise-scale deployments — which cover many entities, high transaction volumes, and advanced integrations — can reach five figures per month.

Total cost depends on parameters such as transaction volumes (monthly or annual), number of entities and ledgers, number of named users, required connectors (ERP, bank files, payment platforms), security requirements, and desired SLAs for uptime and support. Implementation complexity and professional services can also materially increase initial year costs.

Budgeting for a ReconArt deployment should include recurring subscription fees, implementation and data migration costs, internal project resources for testing and change management, and optional training or ongoing managed services.

What is reconart used for

ReconArt is used to replace manual, spreadsheet-based reconciliation processes with an auditable, automated platform. Finance teams use it to reconcile bank accounts to the general ledger, match payment processor reports to receipts, reconcile intercompany balances, and manage balance sheet account substantiation.

Use cases include month-end bank reconciliations, daily cash reconciliations for treasury teams, vendor statement reconciliations, clearing account resolution, and automated matching for merchant acquiring or PCI-sensitive payment flows. Shared service centers use the platform to centralize reconciliations across multiple subsidiaries and to enforce consistent controls and SLAs.

Organizations also use ReconArt for remediation projects — for example, cleaning up long-standing recon items, consolidating multiple reconciliation processes into a single system, or establishing stronger controls for regulatory compliance and audit readiness. Reporting capabilities allow teams to present exception aging, reconciliation coverage, and audit trails to auditors and finance leadership.

ReconArt is often adopted where reconciliation volume, regulatory scrutiny, or the cost of manual work justifies a dedicated reconciliation system rather than ad hoc spreadsheets or generic workflow tools.

Pros and cons of reconart

ReconArt provides several advantages for finance and accounting teams. First, it reduces manual matching through automated matching engines and configurable rules, which lowers human error and frees staff to focus on exception resolution. Second, the centralized data model and audit trail enhance compliance and make audits more efficient by providing direct traceability to source documents.

Third, ReconArt supports multiple reconciliation types and integrates with ERPs and banking systems, so teams can consolidate disparate reconciliation tasks into one platform. Finally, its workflow and SLA capabilities enable clear ownership and accountability, which helps to shorten close cycles and improve financial transparency.

There are trade-offs to consider. Implementing a reconciliation platform requires upfront effort: data mapping, connector configuration, and change management can be resource-intensive. Organizations with very low reconciliation volume or simple reconciliation needs may find the total cost and implementation time disproportionate to expected benefits.

Another consideration is customization: heavily customized matching rules and integrations can increase implementation time and ongoing maintenance. Finally, enterprise licensing and professional services can make ReconArt costlier than point solutions or manual approaches for small teams.

Reconart free trial

ReconArt commonly offers an evaluation period to validate fit and functionality before committing to a subscription. The Free Plan: 30-day trial provides access to core reconciliation features, sample connectors, and a limited transaction set so finance teams can run proofs of concept and measure time savings.

During the trial, teams typically test data ingestion from an ERP, a bank statement, and one or two payment platforms, configure matching rules, and run exception workflows. This short pilot helps identify data mapping issues and defines scope for production deployment.

Trials often include support from the vendor's onboarding team to accelerate setup, and may include “sandbox” access that mirrors a production configuration without production data. Confirm trial scope, data retention, and whether trial configurations will carry over to production with the vendor before starting.

Is reconart free

No, ReconArt is not fully free for production use. The vendor typically offers a 30-day trial as a Free Plan to evaluate core functionality, but ongoing production subscriptions start at the Starter tier with monthly or annual fees. For continuous use, a paid plan is required.

Reconart API

ReconArt exposes API capabilities to support integrations with ERPs, banks, payment platforms, and third-party automation tools. The API typically supports data ingestion endpoints for statement and ledger uploads, transaction lookups, reconciliation triggers, and retrieval of reconciliation status and audit reports.

Common API use cases include automated delivery of bank statements, pushing matched and unmatched items back to the ERP, synchronizing clearing account statuses, and integrating the reconciliation platform with RPA workflows or downstream reporting tools. The API supports secure authentication mechanisms such as OAuth 2.0, token-based keys, and network controls for IP allowlisting.

Beyond raw APIs, ReconArt supports pre-built connectors and integration adapters for mainstream ERPs (for example, SAP, Oracle, Microsoft Dynamics), SFTP-based file transfers, and cloud-based payment processors. The platform also integrates with identity providers for SSO (SAML/SSO) and with messaging tools to notify stakeholders about exception aging or SLA breaches.

For developers, ReconArt typically provides API documentation, sandbox endpoints for integration testing, and enterprise support channels for high-volume or complex integrations. For specific endpoint details and sample calls, consult ReconArt's API documentation on ReconArt's developer resources (https://www.reconart.com/integrations).

10 Reconart alternatives

When evaluating reconciliation and close automation, consider the following alternatives. Each alternative targets overlapping needs but varies by focus (pure reconciliation, ERP-integrated close, open-source accounting):

• BlackLine — Enterprise-focused close management and reconciliation platform with strong ERP integrations and control frameworks
• Trintech — Comprehensive record-to-report solution (Cadency) emphasizing automation of the account close and reconciliation lifecycle
• Oracle — Oracle Financials Cloud offers reconciliation modules as part of a broader ERP suite for large global organizations
• SAP — SAP S/4HANA provides financial close and reconciliation features tightly integrated into a full ERP stack
• FloQast — Close management software designed to work alongside ERPs and Excel-based processes for month-end collaboration
• Anaplan — While primarily a planning platform, Anaplan is used in some finance organizations for recon analytics and scenario testing
• Sage Intacct — Mid-market accounting system with reconciliation and reporting features integrated with core finance workflows
• Xero — Cloud accounting with bank reconciliation targeting small businesses and growing companies
• QuickBooks — Popular small-business accounting platform with basic bank reconciliation and reporting features
• Kofax — For organizations that pair reconciliation with document capture and invoice automation

Paid alternatives to reconart

• BlackLine: Large-enterprise reconciliation and financial close automation with strong audit controls and ERP-native integrations. Appropriate for multi-national accounting organizations that require regulatory reporting and consolidated close functionality.

• Trintech: Offers Cadency and other modules designed to automate reconciliation, journal entry, and task management during close. Trintech focuses on scalability for enterprise accounting centers and heavy-volume reconciliations.

• FloQast: Positioned for accounting teams that want easier collaboration around spreadsheets and existing ERP outputs; FloQast emphasizes process orchestration rather than deep matching engines.

• SAP: Large enterprises using SAP often leverage S/4HANA or SAP Financial Closing cockpit for reconciliations embedded in the ERP. This reduces integration overhead but ties you to the SAP ecosystem.

• Oracle: Oracle’s reconciliation offerings are part of Oracle Cloud EPM/ERP suites and are suited to organizations that prefer an ERP-centric approach and strong global controls and reporting.

Open source alternatives to reconart

• ERPNext: Open-source ERP with accounting and bank reconciliation features. Suitable for small to mid-sized organizations willing to self-host and customize reconciliation workflows.

• Odoo: Modular open-source suite with accounting and reconciliation apps; best for companies that want a broader ERP plus reconciliation within one customizable platform.

• GNUCash: Desktop-based open-source accounting tool offering basic reconciliation for small businesses; lacks enterprise features and centralized workflows.

• LedgerSMB: Open-source accounting and ERP with reconciliation capabilities for organizations that can support open-source deployment and customization.

• Tryton: Modular, open-source business application platform with accounting modules that can be extended to support reconciliation processes for technically capable teams.

Frequently asked questions about Reconart

What is ReconArt used for?

ReconArt is used for automating account reconciliations and the financial close process. Finance teams use it to match bank statements to the general ledger, resolve clearing account issues, reconcile intercompany transactions, and manage exception workflows to shorten close cycles and improve audit readiness.

Does ReconArt integrate with ERP systems?

Yes, ReconArt integrates with major ERP systems. The platform offers pre-built connectors and mapping tools for ERPs such as SAP, Oracle, and Microsoft Dynamics, and supports SFTP/API transfers for systems without native connectors.

How much does ReconArt cost per user?

ReconArt starts at $1,200/month for the Starter plan in typical commercial packaging; pricing is usually based on transaction volumes and deployment scope rather than strictly per-user fees. Enterprise pricing is negotiated based on scale and integrations.

Is there a free version of ReconArt?

No, ReconArt does not offer a permanent free tier for production use. The vendor typically provides a 30-day trial or evaluation sandbox to test core capabilities before purchasing a subscription.

Can ReconArt handle multi-currency reconciliations?

Yes, ReconArt supports multi-currency reconciliations. The platform handles currency conversion rules, exchange-rate sourcing, and reporting across entities to support global finance organizations.

Does ReconArt provide an API for automation?

Yes, ReconArt provides API endpoints and integration adapters. APIs support ingestion of statements and ledgers, reconciliation triggers, status queries, and retrieval of audit reports; the platform also supports SSO and secure authentication methods.

How does ReconArt handle exceptions and workflow?

ReconArt provides workflow-driven exception management. Unmatched items become cases with assignment, notes, SLA tracking, and escalation rules so finance teams can route work, log activity, attach supporting documents, and maintain an audit trail.

Is ReconArt secure enough for financial data?

Yes, ReconArt provides enterprise-grade security controls. Security typically includes role-based access, encryption in transit and at rest, single sign-on, and audit logging; enterprise customers can request SOC 2 reports and custom security arrangements.

Can ReconArt import data from Excel or CSV files?

Yes, ReconArt supports Excel and CSV imports. The platform includes mapping utilities to align spreadsheet columns with reconciliation data models and can schedule regular file imports via SFTP or API.

What implementation resources are needed for ReconArt?

Implementation requires data mapping, connector configuration, and testing resources. Typical projects include IT and finance staff for a few weeks to several months depending on complexity, plus vendor professional services for integration and configuration for enterprise deployments.

reconart careers

Recruiting for positions at ReconArt usually focuses on product development (software engineers, data engineers), professional services (implementation consultants, integration specialists), and client-facing roles (solutions architects, customer success managers). Job listings and career information are typically posted on the company website and on major job platforms; consult ReconArt's careers page for current openings at ReconArt's careers page (https://www.reconart.com/careers).

reconart affiliate

ReconArt may offer partner and reseller programs for systems integrators and accounting service providers. Partner tiers commonly include referral partnerships, solution implementation partnerships, and technology alliances. Prospective affiliates should contact ReconArt's partner team for program details, revenue share models, and onboarding requirements via ReconArt's partner program information (https://www.reconart.com/partners).

Where to find reconart reviews

User reviews and case studies for ReconArt appear on the vendor site and on software review platforms. For independent evaluations, check finance and accounting technology review sites and analyst reports for comparative evaluations. See ReconArt's customer case studies and client testimonials on ReconArt's customer stories page (https://www.reconart.com/customers) for examples of deployments and measured outcomes.