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With ReconNET, you can automate over 90% of your reconciliation and exception management processes, including bank reconciliation, cash reconciliation and payroll reconciliation – improving productivity while reducing the costs associated with time-consuming and error-prone manual processes. ReconNET streamlines your workflow so you can deploy resources to other areas critical to your business.
Customers implementing our ReconNET solution typically see compelling ROI. With its world-class, high-volume matching engine, ReconNET applies state-of-the-art automation technology to save users thousands of hours and millions of dollars annually.
- A leading consumer products company using ReconNET is saving $1.5M annually in personnel costs alone
- The same company has reduced the time it takes to complete bank reconciliations from 1 month to 3 days
- The business now automates 85% of bank reconciliations with a 99.9% accuracy rate
Tightened Controls Improve Compliance
ReconNET incorporates your unique business rules into the reconciliation and exception management workflow – allowing you to obtain greater visibility and more efficiently manage risk. ReconNET features both detective and preventative controls to improve auditability and compliance with Sarbanes-Oxley (SOX) requirements and other similar compliance mandates.
Exception Management Reduces Exposure to Risk
ReconNET immediately detects and flags issues for review, so you can resolve exceptions quickly and eliminate losses due to fraud, error, or unnecessary chargebacks. Analysis tools provide insight into your unique business trends, allowing you to proactively reduce losses.
Cash Reconciliation Capabilities Maximize the Use of Available Funds
Transfer more of your available funds into higher-yielding concentration accounts using ReconNET’s truly anticipatory ACH capabilities. Sophisticated calculations allow you to maximize the use of available funds while avoiding overdrafts.
Reporting Tools Increase Decision-Support
ReconNET reconciliation software can help you turn raw data into valuable decision-support information. Powerful reporting tools allow you to compare key performance metrics, so you can optimize processes and financial relationships to reduce costs and increase performance.
Learn More About ReconNET:
» For an introductory demonstration of ReconNET, please register for one of our weekly webinars.
» FREE White Paper Download
Download Critical Risk Assessment: Exploring the Choice Between Established Vendors and their Smaller Counterparts and equip yourself to effectively perform risk assessment as you explore reconciliation solutions.
- Learn more about how ReconNET fits into the Unity Financial GRC software suite
- Learn more about ReconNET features
- Learn more about the Unity Financial GRC software suite
