ReconArt

Cloud platform for bank, card, AP/AR and intercompany reconciliation and financial close.

Updated August 2026 · By the ERP Research Editorial Team · Independent and vendor-neutral.

Works with: NetSuiteTemenosMambuPlaid
Deployment: Cloud, On-premise
Company size: SMB, Mid-market, Enterprise
Pricing: Quote-based (edition-based licensing)
Founded: 2011
Headquarters: Arlington, Virginia, United States

Overview

ReconArt is a cloud-based reconciliation and financial close automation platform, in market since 2011 and headquartered in Arlington, Virginia. It covers bank and cash reconciliation, credit card transaction matching, accounts payable/receivable matching, intercompany reconciliation, and securities, positions and trades reconciliation, alongside a financial close module for balance sheet reconciliation and certification, journal entry approval workflows, and close task tracking.

The matching engine supports configurable one-to-one, one-to-many and many-to-many matching rules with per-account tolerance and threshold logic, and ingests a range of bank and payment file formats (CSV, XLSX, TXT, XML, BAI, ACH, SWIFT MT, camt.053/ISO 20022, and FIRD) as well as custom formats. A newer AI layer lets users describe matching logic in plain English, adds fuzzy and string-similarity matching with confidence-threshold auto-matching, and includes ReconArt IntelliDoc, an OCR tool for extracting data from unstructured PDF documents. The vendor reports processing more than 15 billion transactions annually for clients on six continents.

ReconArt connects to ERPs primarily through a certified NetSuite integration (it is a SuiteCloud Developer Network member), and exposes a public REST API plus a Recon Data Factory bridging layer for other ERPs, data warehouses and banking/payment systems, including named connectivity to Temenos, Mambu and Plaid. It is offered as web-based SaaS or on customer-hosted infrastructure, is ISO/IEC 27001 certified, and is licensed through edition-based plans (Essentials, Plus, Certify, Close, and a separate Enterprise edition) with fixed-scope implementation packages rather than published per-user pricing.

Screenshots & demo

Screenshots sourced from ReconArt, Inc..

Features & capabilities

Bank & Cash Reconciliation

Matching bank statement transactions against GL cash accounts.

Automated bank statement ingestion and normalization
Rule-driven auto-matching with configurable tolerances
One-to-one, one-to-many and many-to-many matching relationships
Support for CSV, XLSX, TXT, XML, BAI, ACH, SWIFT MT, camt.053 (ISO 20022) and FIRD formats
Custom/proprietary format handling
Multi-currency transaction support
Exception visibility for bank fees, taxes, deposits in transit, delays and reversals

Card & AP/AR Reconciliation

Matching card, payables and receivables transactions to the ledger.

Credit card transaction matching to ledger entries
Multi-programme, multi-entity card reconciliation views
Accounts payable invoice matching (PO reference, price, goods receipt, duplicate detection)
Accounts receivable matching (unapplied payments, short payments, disputed invoices, credit memos)
Aging analysis by days outstanding/overdue

Financial Close Management

End-to-end month-end close orchestration and certification.

Balance sheet reconciliation and certification
Multi-level journal entry approval workflows
Close task tracking with owner assignment and status
Variance analysis with threshold-based review flags
Complete audit trail of close activity

Intercompany & Securities Reconciliation

Group-level and instrument-level matching.

Intercompany balance matching and elimination
Securities, positions, trades and custody reconciliation
Matching-rule and position-group grid views
Multi-entity, multi-currency account structures

AI & Automation

AI-assisted rule creation and matching.

Natural-language matching rule creation
Plain-language explanation of existing rules for audit and onboarding
Fuzzy and string-similarity matching for inconsistent data
User-defined confidence-threshold auto-matching
Multi-key weighted scoring across date, amount and reference fields
ReconArt IntelliDoc AI-powered OCR document extraction

Data & Connectivity

Integration layer connecting ERPs, banks and data sources.

Public REST API (inbound and outbound, token authentication)
Native NetSuite integration (SuiteCloud Developer Network member)
Recon Data Factory bridge to ERPs, data lakes and warehouses
SFTP and cloud-storage ingestion (Dropbox, OneDrive, Google Drive, Amazon S3)
Named connectivity to Temenos and Mambu core banking platforms and Plaid

Common use cases

Automating daily bank and GL reconciliation across dozens of accounts and multiple banks
Matching high-volume retail POS and card transactions across hundreds of store locations
Reconciling auto-finance loan transactions with high automated match rates
Automating credit union share and loan account reconciliation at scale
Matching payment-processor transactions across dozens of payment methods
Reconciling travel bookings across OTA, direct and GDS channels
Running balance sheet certification and journal entry approval workflows for month-end close

Strengths & considerations

Strengths

Single platform spanning bank/cash, card, AP/AR, intercompany, and securities/positions reconciliation plus month-end close and certification
Configurable matching engine with published support for high transaction volumes and legacy banking formats (SWIFT MT, camt.053, BAI, FIRD)
Deployable as cloud SaaS or on customer-hosted infrastructure
AI layer for natural-language rule authoring and fuzzy/confidence-threshold matching, plus IntelliDoc OCR for unstructured PDFs
ISO/IEC 27001 certified, with edition-based licensing and fixed-scope (60- or 80-hour) implementation packages

ERP integrations

NetSuite

Prebuilt connectorBi-directionalSuiteCloud Developer Network member

Imports transactions and GL data, posts journal entries back to NetSuite

Temenos

API integrationBi-directional

Core banking platform connectivity

Mambu

API integrationBi-directional

SaaS core banking platform connectivity

Plaid

API integrationInbound

Financial data connectivity

Pricing

Model

Quote-based (edition-based licensing)

Annual subscription editions (Essentials: 25M transactions/year; Plus: 50M transactions/year plus balance sheet certification; Certify: period-end balance sheet reconciliation and certification; Close: 2+ close modules) plus a separate Enterprise edition. Fixed-scope 60- or 80-hour implementation packages; no published per-user or per-transaction price points; quote via a scoping call. Get an independent shortlist with pricing guidance below.

Technical & security

Hosting: Web-based SaaS, with on-premise/customer-hosted option
Compliance: ISO 27001

About the vendor

Founded: 2011
Headquarters: Arlington, Virginia, United States
Ownership: Private
Notable customers: MIDFLORIDA Credit Union, Munro Footwear Group, CA Auto Finance UK, Catalyst Corporate Federal Credit Union, MiFinity, TransferGo, Nedbank, 1-800-PACK-RAT

Alternatives to ReconArt in Bank Reconciliation

Adra SuiteMid-market financial close automation: matching, reconciliation, task management and reporting.AutoRekAutomated bank reconciliation and financial controls platform for regulated financial services.BlackLineCloud platform for financial close, account reconciliation, and intercompany accounting automation.CadencyAI-powered financial close platform for reconciliation, matching and SOX compliance.CashbookAutomates cash application, collections, deductions, AP and bank reconciliation across ERPs.DucoAI-powered, no-code reconciliation and data automation platform for financial services operations.

ReconArt — frequently asked questions

Does ReconArt integrate with NetSuite?

Yes. ReconArt is a SuiteCloud Developer Network member with a native NetSuite integration that imports transactions and GL data and posts journal entries back into NetSuite.

What bank and payment file formats does ReconArt support?

ReconArt's bank reconciliation module ingests CSV, XLSX, TXT, XML, BAI, ACH, SWIFT MT and camt.053 (ISO 20022) files, plus the FIRD format and custom or proprietary formats.

Is ReconArt cloud-based or on-premise?

Both. ReconArt is delivered as web-based SaaS but can also be deployed on customer-hosted infrastructure, which the vendor positions as avoiding deployment lock-in.

How is ReconArt priced?

ReconArt uses edition-based annual subscription licensing (Essentials, Plus, Certify, Close, and Enterprise) with fixed-scope 60- or 80-hour implementation packages. No per-user or per-transaction price points are published; pricing is quoted after a scoping call.

What compliance certifications does ReconArt hold?

ReconArt is ISO/IEC 27001 certified for information security management. The vendor also states its platform supports SOX, FCA CASS, HIPAA, SOC 2, GDPR and DORA regulatory frameworks.

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