ReconNET: Accurate, Powerful Reconciliation for Reliable Financial Performance
ReconNET automates transaction matching, exception management, and reporting — helping your team close faster with confidence and control.
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, and too many manual processes. And all too often, inefficient workflows and lack of visibility delay 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 Finance and Accounting team 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.
Discover What You Gain
- Increased efficiency with automated high-volume transaction and matching, potentially reducing bank-to-book reconciliation efforts from weeks to days
- Advanced tools for exception reporting and management
- Powerful reporting and visualization tools that let you see where your cash is at any given time
- Comprehensive risk management functionality that includes both detective and preventative controls
- Robust customization options that allow you to perform specialty reconciliation specific to your organization
Featured Customer Testimonials
How Affordable Care Streamlined 4+ Million Transactions and Achieved a 90% Match Rate
AutoNation Auto Reconciles Up to 200k Transactions Per Month with Trintech
Kroger Creates Efficiencies & Finds a Strong Partnership with Trintech
From 2 Days to 6 Hours: How Five Below Reduced Credit Card Reconciliation Time by Up to 75%
Benefits That Drive Results
Automated, High-Volume Transaction Matching
ReconNET automates daily, monthly, and periodic reconciliation and account balancing processes through powerful matching algorithms — electronically matching your data and automatically reconciling accounts.
Controls and Reporting
Measure only the KPIs you want through easily accessible reports so that you can optimize your internal processes and financial relationships.
Anticipatory ACH
Get the most money possible into interest-bearing, concentration accounts by eliminating the need for proprietary bank ACH systems and their associated fees. ReconNET automates the ACH calculation process and reduces your company’s exposure to ACH overdraft fees.
SOX and BASEL II Compliance
ReconNET prevents mistakes during the input process and detects them during the output process to improve your audibility and compliance.
Real Results. Real Impact.
How Abercrombie & Fitch Scaled to 150 Million Transactions a Year Without Adding Headcount
Highlights
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Successfully Scaled Without Adding FTEs: Supported ~150M transactions annually with no team growth
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Unmatched Visibility: Pinpoints unsettled transactions and root causes, cuts losses through faster discrepancy detection, and improved loss prevention and chargeback insight
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Streamlined 200+ accounts, 800 transaction types, 120 jobs: Logic-based matching and exception-handling framework allow the team to handle both volume and complexity without adding manual workload
If you don’t know what’s not getting paid, you end up with balances you can’t explain. With Trintech, I can tell you exactly which transaction wasn’t settled and why.
Read the Case StudyPanera Bread Company Rises Above Spreadsheets to Increase Visibility and Control
Highlights
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Seamless ERP Integration: “Integration with Oracle and the ReconNET solution was an important factor in our decision. No other solution offered such a robust connection point between the high-volume cash and credit reconciliations and the balance sheet certification processes.”
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Scaled Business to E-Commerce: Automation provided the necessary time and energy to support an important online ordering initiative.
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Issues Identified in Days Rather Than Weeks: Detailed reporting and automated workflows enforce top-down consistency across all processes.
ReconNET spoke our language when it came to retail.
Read the Case StudyTexas Tech University Does More with Less Thanks to Trintech
Highlights
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Annual FTE Savings of ~$168,000: Despite enrollment increases and numerous new transaction types added to the mix, it is estimated that additional FTEs would have been required without automation, representing an annual avoided cost of about $168,000
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36% Increase in Efficiency: Existing staff is roughly 36% more efficient because of automation and manual, error-prone processes have been eliminated
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Cost Savings of $10,000: Greater self-sufficiency in the form of writing their own reconciliation types has saved over $10,000
Trintech's solution is so easy to use that we don't have to require an accounting degree for various operator positions. That keeps departmental costs low and has also resulted in very little turnover.
Read the Case Study
