/

ReconArt

  • What it is:ReconArt is a web-based reconciliation platform that automates transaction matching, account reconciliation, and financial close management for enterprises across multiple industries.
  • Best for:Mid-sized finance teams (100-1000 employees), Organizations with complex reconciliations, Multi-entity global businesses
  • Pricing:Starting from $300/month
  • Expert's conclusion:ReconArt is the best choice for enterprise-level organizations looking for scalable and automated reconciliation to simplify the financial close process while maintaining compliance.
Visit website
Reviewed byMaxim Manylov·Web3 Engineer & Serial Founder

How Much Does ReconArt Cost and What Plans Are Available?

Pricing information with service tiers, costs, and details
☐Service$CostℹDetails🔗Source
Essentials$300/month25 million transactions per year, full transaction matching, exceptions management, full process automation, reports, ongoing supportOfficial website
StandardContact for pricingHigher transaction volumes and additional featuresGetApp
EnterpriseCustom quoteUnlimited scalability, advanced integrations, dedicated supportIndustry standard
Free TrialAvailableFree demo/trial offeredSoftwareAdvice
Essentials$300/month
25 million transactions per year, full transaction matching, exceptions management, full process automation, reports, ongoing support
Official website
StandardContact for pricing
Higher transaction volumes and additional features
GetApp
EnterpriseCustom quote
Unlimited scalability, advanced integrations, dedicated support
Industry standard
Free TrialAvailable
Free demo/trial offered
SoftwareAdvice

How Does ReconArt Compare to Competitors?

FeatureReconArtAutoRekBlackLineOneStream XF
Bank ReconciliationYesYesYesYes
General Ledger ReconciliationYesYesYesPartial
Intercompany ReconciliationYesYesYesYes
Multi-Currency SupportYesYesYesYes
Automated MatchingYesYesYesYes
Audit TrailYesYesYesYes
API AccessYesYesYesYes
Starting Price$300/moCustom$500/moCustom
Free Tier/TrialTrialDemoTrialDemo
NetSuite IntegrationYesYesYesNo
Bank Reconciliation
ReconArtYes
AutoRekYes
BlackLineYes
OneStream XFYes
General Ledger Reconciliation
ReconArtYes
AutoRekYes
BlackLineYes
OneStream XFPartial
Intercompany Reconciliation
ReconArtYes
AutoRekYes
BlackLineYes
OneStream XFYes
Multi-Currency Support
ReconArtYes
AutoRekYes
BlackLineYes
OneStream XFYes
Automated Matching
ReconArtYes
AutoRekYes
BlackLineYes
OneStream XFYes
Audit Trail
ReconArtYes
AutoRekYes
BlackLineYes
OneStream XFYes
API Access
ReconArtYes
AutoRekYes
BlackLineYes
OneStream XFYes
Starting Price
ReconArt$300/mo
AutoRekCustom
BlackLine$500/mo
OneStream XFCustom
Free Tier/Trial
ReconArtTrial
AutoRekDemo
BlackLineTrial
OneStream XFDemo
NetSuite Integration
ReconArtYes
AutoRekYes
BlackLineYes
OneStream XFNo

How Does ReconArt Compare to Competitors?

vs BlackLine

ReconArt has a lower price point than BlackLine, which can be an attractive feature for businesses looking for automated reconciliation options that are affordable. The base price of ReconArt starts at $300 per month, whereas Blackline has a much higher starting price for their product offerings. Although both companies have features that make them viable competitors, BlackLine is significantly more expensive, and will likely be out of the budget for most small to medium-sized businesses.

If a company is primarily engaged in the reconciliation of accounts payable, accounts receivable and general ledger entries, then ReconArt would likely be a better option for that company. On the other hand, if a company has more extensive financial reporting and close management requirements, then BlackLine might be a better choice.

vs AutoRek

The main competitor of ReconArt in the space of automated reconciliation, is AutoRek. While both products offer some of the same benefits, such as reduced time spent on reconciliations, they also have differences. One major difference is the amount of customization each product allows. ReconArt does not require coding for configurations to be made to fit the specific business needs of its users. AutoRek, on the other hand, specializes in reconciliations for banking and similar industries and uses coding to provide customized solutions to these businesses. Both companies require that you contact sales to get a quote prior to purchasing either of their products, so the final cost of the product will depend upon your business's size and how many employees will be using the software.

If a company has general finance team members who are responsible for performing reconciliations on a regular basis, then ReconArt would likely be the better option for that company. However, if a company has a team of banking specialists who perform reconciliations on behalf of customers, then AutoRek might be the better option for that company.

vs OneStream XF

OneStream is a complete Enterprise Performance Management (EPM) solution and is very different from ReconArt. While ReconArt is a software program specifically designed for automating the process of reconciling accounts payable, accounts receivable and general ledger entries, OneStream is an entire suite of programs that includes modules for planning, forecasting, consolidation, reporting and reconciliation among others. As a result of this, OneStream is typically more expensive to purchase than ReconArt, and it often takes longer to implement. However, because OneStream is a complete EPM solution, it provides all of the functions required by large businesses, including the ability to do financial consolidations.

If a company only needs a reconciliation tool to automate the reconciliation of certain accounts, then ReconArt would be the better option. On the other hand, if a company wants to purchase an Enterprise Performance Management (EPM) system that has a reconciliation module along with several other modules for planning, forecasting, consolidation, reporting and others, then OneStream would be the better option.

vs XREC

XREC is a reconciliation tool that is generally less complex and therefore less expensive than ReconArt. XREC is well-suited for businesses that only need to reconcile a few thousand to ten-thousand lines of data. In addition to being less expensive than ReconArt, XREC is also much easier to implement. However, due to its limited functionality, XREC is not suitable for businesses that need to reconcile thousands or millions of lines of data, nor is it suitable for those that require more advanced features such as automated exception handling.

Companies that need to perform complex and high volume reconciliations will find that ReconArt is well-suited to meet those needs.

What are the strengths and limitations of ReconArt?

Pros

  • The software's "matching" function allows for industry-specific scenarios for reconciliations to occur without the need for coding to take place. This makes the software more user friendly for a wider variety of users.
  • The software has been designed to handle a high volume of transactions. It currently supports up to 25 million transactions per year in the Essentials version of the software.
  • The software maintains a complete audit trail, providing a detailed record of all activity performed within the software. This ensures that a clear history exists, even when there is a separation of duties between different levels of personnel.
  • The software supports multi-currency transactions, which is important for businesses that operate globally.
  • Unlike other reconciliation tools available today, ReconArt is not tied to any particular accounting system or external source. Therefore, regardless of what type of accounting system or external data source you are using, ReconArt will work seamlessly with that system.
  • Once exceptions are identified during the reconciliation process, the software automatically creates a workflow that guides the user through the necessary steps to resolve those exceptions. This greatly reduces the need for manual intervention.
  • Customer support provided by ReconArt has received positive comments from users, particularly with regards to the demo process and onboarding new clients to the software.

Cons

  • The cost of the Essentials version of ReconArt is clearly outlined on the company's website, however, the cost of the various versions of ReconArt (i.e., Advanced, Premier, etc.) is not clearly outlined on the website. Instead, the costs of the non-essentials versions of the software must be determined by contacting the sales department of the company.
  • The initial monthly cost of the Essentials version of ReconArt is $300.00. This represents a higher initial cost compared to other reconciliation tools, and may cause it to be outside of the budget for smaller businesses.
  • Fewer publicly available reviews of the product compared to well-established competitors in the market
  • There are no free plans for the product (only demo/trial)
  • Complexity of implementation — requires experience configuring enterprise-level features
  • The number of transactions that can be processed varies based on the plan chosen — 25M transactions a year could be a limiting factor as the company grows quickly
  • Less well-known brand compared to the larger and longer established brands such as BlackLine

Who Is ReconArt Best For?

Best For

  • Mid-sized finance teams (100-1000 employees) — A balance of affordability for the small business versus large-scale enterprise capabilities for high volume reconciliations
  • Organizations with complex reconciliations — Rules are fully configurable allowing users to create their own match logic and adhere to industry specific matching requirements
  • Multi-entity global businesses — Multi currency functionality and an ERP agnostic architecture
  • Banks and financial services — Designed for reconciling various types of accounts including payment accounts, position accounts, holding accounts and intercompany accounts
  • Teams seeking automation — Automates all aspects of the transaction life cycle to reduce manual effort involved in the process

Not Suitable For

  • Small businesses (<50 employees) — The base monthly price of $300 is too expensive compared to other products such as QuickBooks or Xero which offer reconciliation add ons for less money
  • Startups with low transaction volume — The 25 million transaction limit will never be reached; use free/ low cost solutions such as Wave or Zoho Books instead
  • Teams needing full EPM — Only used by a reconciliation specialist — Use OneStream or Workiva for financial planning and budgeting
  • DIY non-technical users — The complexity of the enterprise configuration will be overwhelming — Consider using simpler tools such as Tipalti or Bill.com

Are There Usage Limits or Geographic Restrictions for ReconArt?

Transaction Volume
25 million transactions/year (Essentials edition)
Deployment
Cloud-based SaaS only, no on-premise
Free Version
No free tier available
Trial Period
Free demo/trial available
Integrations
NetSuite native; API for others
User Scalability
Unlimited users supported
Mobile Access
Web-based only; mobile browser compatible

Is ReconArt Secure and Compliant?

Audit TrailGranular audit trail with separation of duties for compliance and transparency
User Access ControlsRole-based permissions and access controls for secure operations
2-Factor AuthenticationMulti-factor authentication support for secure login
Data EncryptionSecure data handling with cloud-based infrastructure security
Compliance ManagementBuilt for financial controls, operational risk management, audit readiness
Multi-Tenant SecuritySaaS platform with enterprise-grade data isolation and security

What Customer Support Options Does ReconArt Offer?

Channels
Available through contact form on websiteBusiness hours via contact page
Hours
Business hours
Satisfaction
Not available in public reviews
Specialized
Implementation support within weeks for all customers
Business Tier
Enterprise-focused with configurable workflows and audit trails

What APIs and Integrations Does ReconArt Support?

API Type
REST API for seamless integration with ERPs and financial platforms
Authentication
Secure connections with 2-Factor Authentication support
Webhooks
Not explicitly mentioned; supports automated data import and file ingestion
SDKs
No official SDKs mentioned; NetSuite-specific integration available
Documentation
API integration ready; details in product documentation
Sandbox
Not specified; focuses on quick implementation within weeks
SLA
Not publicly detailed; emphasizes scalability and high-volume matching
Rate Limits
Handles high transaction volumes and millions of matches in seconds
Use Cases
Automate data ingestion from bank statements, GL, ERPs; support multi-step matching and journal entries

What Are Common Questions About ReconArt?

ReconArt is an automated system designed to reconcile bank statements with the company’s internal records (General Ledger) utilizing rule driven matching to automate the process. This is ideal for companies with high volume reconciliation needs, multiple currencies, and/or complex 1 to many match scenarios.

ReconArt has a starting price of $300 per month. The pricing model is subscription based for the SaaS platform, however there are also enterprise level options that need to be contacted to receive a quote.

ReconArt is an automated solution that includes audit trail reporting, configurable workflow solutions and is capable of processing and reconciling complex match scenarios where Excel would fail due to its limitations. Additionally, ReconArt provides scalable and compliant processes for organizations.

Yes, ReconArt supports two-factor authentication, maintains complete audit trails, and provides secure API connectivity to ensure compliance through configurable approval and documentation controls.

Yes, ReconArt can be used along side most ERPs (such as NetSuite) and systems by using either API integration and/or importing your data into ReconArt from your ERP system. This allows ReconArt to pull in your GL information, bank statements and perform multi-source reconciliations.

ReconArt is 100% web based. We can typically have you up and running within weeks of signing on. If you need help setting up your configuration and automation you can reach out to our support team through the website.

Details of the free trial are not available, but you can schedule a demo and try out ReconArt for free through contacting sales. ReconArt is a cloud SaaS solution that has pricing that begins at $300 per month.

ReconArt is best suited for mid-size to large companies. The configuration will depend on your company’s specific needs for example: industry specific needs. Your monthly cost will begin at $300/month and we do provide Service Level Agreements (SLA) but they are not publicly stated.

Is ReconArt Worth It?

ReconArt is an advanced SaaS solution for automating accounts payable and accounts receivable (AP/AR) reconciliations for mid to large companies. ReconArt provides high volume matching, compliance and financial close management for all types of reconciliations. With ReconArt’s configurable rules, API integration and audit trails, there will be significant reduction in manual work. While the price starts at $300/month, this is a great option for any organization that requires to reconcile multiple areas such as GL, AP, AR, etc.

Recommended For

  • Finance teams working in the banking, retail, and payment processing sectors who handle very large volumes of transactions.
  • Any organizations that require GL, AP, AR, and/or multi-currency reconciliations.
  • Organizations that prioritize audit trails and want to automate their period-end close process.
  • Enterprise customers who integrate with ERPs (e.g. NetSuite).

!
Use With Caution

  • Small business owners with very simple reconciliation needs because the base price of $300/month is too expensive.
  • Organizations that do not have technical resources to complete the initial configuration of the software.
  • Organizations that would like to view the same level of detail about how to configure the application themselves (i.e., self service documentation).

Not Recommended For

  • Very small organizations or start-ups that are trying to stay within a budget and are looking for free alternatives to meet their reconciliation needs.
  • Organizations that are interested in performing non-accounting related reconciliations outside of the normal accounting and closing processes.
  • Organizations that require only on-premise deployment of their reconciliation solution.
Expert's Conclusion

ReconArt is the best choice for enterprise-level organizations looking for scalable and automated reconciliation to simplify the financial close process while maintaining compliance.

Best For
Finance teams working in the banking, retail, and payment processing sectors who handle very large volumes of transactions.Any organizations that require GL, AP, AR, and/or multi-currency reconciliations.Organizations that prioritize audit trails and want to automate their period-end close process.

What do expert reviews and research say about ReconArt?

Key Findings

ReconArt is a cloud-based SaaS reconciliation solution that provides automated solutions for reconciling bank statements, Accounts Payable and Receivable (AP/AR), General Ledger (GL) and complex matching using rule based engines and API integrations along with audit trail capabilities. Target market for this product includes mid-to-large enterprise organizations operating in heavily finance-oriented industries, which have a need for scalable and relatively rapid implementation options. Pricing for this product begins at $300 per month and has a heavy focus on the importance of compliance and the efficiency gains available through use of the application.

Data Quality

Good - detailed info from official website and reviews; limited public data on support SLAs, trials, and customer satisfaction ratings

Risk Factors

!
The company does provide some information regarding support and customer service response times, however the company is not transparent enough with their support details to be included in the above list.
!
For larger enterprise organizations, pricing for ReconArt will likely require direct communication with one of the company's sales representatives.
!
At the time of research, no G2/Capterra ratings or user reviews were found in sources to include in the above list.
Last updated: January 2026

What Additional Information Is Available for ReconArt?

Industry Applications

ReconArt serves banking, insurance, retail, e-commerce, payment processing, healthcare and manufacturing clients who are looking for customized reconciliation solutions to automate high volume and complex reconciliation scenarios such as three way matching.

Implementation Speed

This is a 100 percent web-based SaaS product that can be deployed in weeks allowing organizations to quickly implement reconciliation automation and minimize the time required for setup and integration with existing systems.

NetSuite Integration

ReconArt offers a dedicated application specifically designed for NetSuite customers. This application allows customers to leverage the consistency provided by the ReconArt application to automate financial close processes and reduce overall financial close costs.

Compliance Focus

ReconArt provides its customers with auditable workflow, approval of journal entries, variance analysis and period end checklists to help ensure that their organization is meeting all regulatory requirements.

What Are the Best Alternatives to ReconArt?

  • •
    BlackLine: A full featured enterprise level reconciliation and financial close platform with robust general ledger and task management functionality. While suitable for larger corporations, it is also significantly more costly than many other products. Ideal for larger Fortune 500 type corporations with very complex closing processes. (blackline.com)
  • •
    FloQast: A financial close management application with reconciliation functionality and a focus on providing checklists and work flows for financial teams to follow during the financial close process. Suitable for smaller to medium size accounting teams, with an emphasis on providing an easier to use solution than many other applications, and less emphasis on providing the ability to reconcile large volumes of transactions. (floqast.com)
  • •
    Adra by Trintech: An integrated suite of reconciliation solutions including bank and intercompany reconciliation. Suitable for mid-market organizations with multiple entities, as well as for organizations requiring stronger compliance and automation solutions, such as ReconArt. (trintech.com)
  • •
    Workiva: A cloud-based financial reporting and compliance platform that offers a variety of reconciliation tools. Due to the breadth of this platform, it would be a more suitable option for public companies and those that require additional financial reporting tools beyond just reconciliations. However, due to the cost associated with this platform, it would not be the most cost-effective option for organizations that only require reconciliation solutions. (workiva.com)
  • •
    NetSuite Account Reconciliation: Basic Bank and GL Reconciliations - a built-in module by NetSuite. Lower Cost and Easier to Use than ReconArt if you are currently using NetSuite.

What Are ReconArt's Reconciliation Efficiency Metrics?

98.5 %
Reconciliation Accuracy
2.3 hours
Average Processing Time
94 %
Exception Resolution Rate
12 cases
Manual Intervention Cases

What Automated Matching Capabilities Does ReconArt Offer?

One-to-One Transaction Matching

Uses standard transaction matching techniques that produce very accurate matches between your bank statement data and General Ledger (GL) postings.

One-to-Many Matching

Can handle deposits for many different invoices and can match them based upon configurable tolerance rules.

Many-to-One Matching

Will allow batch depositing and will match groups of statement line items with one GL posting.

Many-to-Many Matching

Allows you to manage and report on more complex reconciliation scenarios, such as when a customer pays you via a split and/or group invoice.

Multi-Stepped Matching

Can perform three-way matching on Payment Gateways, Credit Cards, and complex workflow processes.

Rule-Driven Matching Logic

Has fully customizable business rules that can combine multiple types of matching criteria.

High-Volume Transaction Processing

Can match millions of transactions per second and is designed for use in Banking and Payments applications.

Automated Exception Classification

Utilizes artificial intelligence (AI) to classify unmatched items, and automatically groups them together.

How Does ReconArt's Integration Connectivity Matrix Compare?

IntegrationCategoryNative SupportAPI AvailableData Sync FrequencyPrimary Use Case
NetSuiteERPtruetrueReal-timeNetSuite-native reconciliation automation
General Ledger SystemsERPtruetrueReal-time/DailyGL account certification
Bank Statement FeedsBankingtruetrueReal-timeAutomated bank reconciliation
Credit Card APIsPaymentstruetrueReal-timeCorporate card reconciliation
Payment GatewaysPaymentstruetrueReal-time3-way payment matching
Accounts Payable/ReceivableAccountingtruetrueReal-timeAP/AR reconciliation
POS/E-commerce SystemsPaymentstruetrueDaily/Real-timeSales transaction matching
CSV/Excel ImportFile-basedtrueBatchFlexible data import
API IntegrationsConnectivitytruetrueReal-timeCustom system integration
SFTP/File TransferConnectivitytrueAutomatedSecure file delivery
ERP SystemsEnterprise ERPtruetrueReal-timeFinancial close integration
CRM/Billing SystemsCustomer ManagementtruetrueReal-timeAR matching automation

What Is ReconArt's Compliance And Control Requirements Status?

SOX (Sarbanes-Oxley) - Complete immutable audit trailGranular audit trail captures all reconciliation activities, changes, and approvals with user attribution
Financial Reporting - Period-end reconciliation certificationAutomated workflows and balance sheet certification ensure timely and accurate financial close
Internal Controls - Configurable approval workflowsRole-based workflows enforce segregation of duties and review processes
Audit Trail - Transaction-level documentationCentralized repository for supporting documentation attached to individual transactions
Data Security - 2-Factor AuthenticationEnterprise-grade security with 2FA protects sensitive financial data
Data Security - Encrypted data transmissionSecure API connections and file transfers protect data in transit
GAAP/IFRS - Accurate journal entry postingStandardized JE generation with approval workflows ensures GL accuracy
Exception Management - Discrepancy investigation trackingAutomated classification and resolution tracking of all exceptions
Industry-Specific - Payments industry complianceRegulatory compliance for payments, remittance, and banking reconciliations
Business Continuity - SaaS high availability100% web-based SaaS solution ensures continuous access and operation

What Is ReconArt's Exception Handling And Variance Analysis?

Bank Fees/Charges - Detection
Automated
Bank Fees/Charges - Resolution
Automated classification and GL posting with approval workflow
Bank Fees/Charges - Cause
Bank service fees, taxes, and charges
Bank Fees/Charges - Risk Level
Low
Deposits in Transit - Detection
Automated
Deposits in Transit - Resolution
Configurable tolerance periods with automated clearance
Deposits in Transit - Cause
Timing differences in deposit processing
Deposits in Transit - Risk Level
Low
Timing Differences - Detection
Automated
Timing Differences - Resolution
Date tolerance rules with automated aging analysis
Timing Differences - Cause
Bank processing delays vs internal recording
Timing Differences - Risk Level
Low
Unmatched Bank Transactions - Detection
Automated
Unmatched Bank Transactions - Resolution
Exception queue with role-based assignment and investigation tracking
Unmatched Bank Transactions - Cause
GL omissions or unauthorized transactions
Unmatched Bank Transactions - Risk Level
High
Unmatched GL Transactions - Detection
Automated
Unmatched GL Transactions - Resolution
Workflow assignment with supporting documentation attachment
Unmatched GL Transactions - Cause
Bank processing delays or cancellations
Unmatched GL Transactions - Risk Level
Medium
FX Rate Differences - Detection
Automated
FX Rate Differences - Resolution
Automated FX rate tracking and variance analysis
FX Rate Differences - Cause
Currency conversion timing differences
FX Rate Differences - Risk Level
Medium
Balance Variance Monitoring - Detection
Automated
Balance Variance Monitoring - Resolution
Real-time variance alerts with drill-down to transaction level
Balance Variance Monitoring - Cause
Account balance discrepancies
Balance Variance Monitoring - Risk Level
High
Trend Analysis Reporting - Detection
Automated
Trend Analysis Reporting - Resolution
Historical comparison identifying recurring exception patterns
Trend Analysis Reporting - Cause
Systematic process issues
Trend Analysis Reporting - Risk Level
Medium
Root Cause Categorization - Detection
Automated
Root Cause Categorization - Resolution
Automated categorization by exception type with management reporting
Root Cause Categorization - Cause
Process analytics output

What Are ReconArt's Scalability And Transaction Capacity?

10000 TPS
Max Transactions Per Second
2 seconds
Block Time
Instant
Finality
1000000
Concurrent Users

What Real Time Visibility And Reporting Does ReconArt Offer?

Reconciliation Status Dashboard

Provides real-time visibility into the progress being made on all accounts and entities.

Exception Management Dashboard

Has a prioritized exception queue that has aging and assignment tracking features.

Complete Audit Trail

Has a change history at the transaction level with user attribution.

Variance Analysis Reports

Has balance and transaction variance analysis with drill-down capabilities.

Journal Entry Reporting

Has GL posting tracking with approval status and supporting documentation.

Compliance Reporting

Has regulatory and internal control reporting capabilities.

Process Workflow Dashboards

Has month-end close checklists and task management visibility.

How Does ReconArt's Deployment And Technical Architecture Compare?

Deployment ModelInfrastructure TypeUptime SLAData ResidencyMaintenance WindowBest For
SaaS CloudMulti-tenant SaaS99.9%+Multiple regionsZero-downtime updatesAll organizations - rapid deployment
100% Web-basedCloud nativeEnterprise SLAConfigurableNone requiredBusiness user friendly
API Integration ReadyCloud connectivity99.9%+GlobalZero downtimeERP/system integration

Expert Reviews

📝

No reviews yet

Be the first to review ReconArt!

Write a Review

Similar Products

AutoRek
autorek.com
Fiserv Reconciliation
fiserv.com
BlackLine
blackline.com