Account Reconciliation Software

Trintech delivers end-to-end account reconciliation, including automated reconciliation for high volume, transaction-intensive accounts and template-based reconciliation for any remaining accounts.

ReconNET is the world’s leading reconciliation solution for high volume account matching used by major financial institutions, retail chains, and credit card processing firms. The reconciliation software automates daily, monthly, and periodic reconciliation and account balancing to help organizations tighten controls, reduce risk, cut costs, leverage cash, and make more informed decisions.

ReconNET resides within the overall Trintech account reconciliation framework and is tightly integrated with the Financial Close application through AssureNET GL for management reporting. AssureNET GL automates the review, approval, and status tracking of account reconciliations and manages the accounting close process.

Tightened Controls Improve Compliance

ReconNET incorporates your unique business rules – allowing you to obtain greater visibility and more efficiently manage business 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.

Automation Decreases Costs and Increases Efficiencies

Automate over 90% of your processes, 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.

Cash Management 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.

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