The Commercial Division of Advanced Business Solutions (Advanced) today announces that it has entered into a partnership agreement with ReconArt, the provider of the 100% web-based Total Reconciliation Lifecycle solution™. The ReconArt™ solution is now available to Advanced’s customers, providing them with an intuitive and quick-to-implement answer to all their reconciliation needs.
ReconArt, which can be implemented in-house or provided as a hosted Software-as-a-Service, fulfils an organisation’s entire reconciliation requirements, providing support for all types of transaction matching, exception management and reconciliation activity.
By replacing multiple, disjointed and often cumbersome solutions currently used for different areas of reconciliation and different stages of the reconciliation lifecycle with a single, integrated solution, ReconArt improves efficiency and reduces both operational costs and risk. It also ensures compliance with audit, regulatory and statutory requirements.
Simon Fowler, Managing Director of Advanced Business Solutions (Commercial Division), says, “ReconArt is the most comprehensive and user-friendly reconciliation solution on the market, making it the ideal choice for Advanced’s customers, regardless of size and industry sector. We are pleased to be adding ReconArt to our business applications portfolio and look forward to it streamlining our customers’ reconciliation processes and driving down their operational costs.”
ReconArt covers all reconciliation activity. This includes bank, cash, credit and debit cards, payables, receivables, suspense, fixed assets, inventory, ledger-to-sub ledger, inter and intra-company and non-financial data. It also manages all stages of the reconciliation process, from data import, transformation and enrichment through to matching, exception resolution, reporting, analytics, period-end reconciliation, attestation and certification.
Nicolo Nisbett, Executive Vice President Sales from ReconArt, says, “As ReconArt is so fast to implement and easy to use, organisations can be up and running very quickly. Being web-based, the solution is very cost-effective and can deliver a swift return-on-investment, making it a compelling proposition for finance departments across all business sectors.”
Notes to Editor
About Advanced Business Solutions www.advancedcomputersoftware.com/abs
Advanced Business Solutions (Advanced) provides leading integrated business applications and services that enable public, private and third sector organisations to retain control, improve visibility and gain efficiencies whilst continually improving corporate performance. Advanced prides itself on getting close to its customers by understanding their businesses and responding to their evolving needs.
Advanced’s software systems comprise core accounting/financial management, procurement, human resource and payroll systems, integrated with a range of collaborative, document management and business intelligence solutions to extend the value and effectiveness of the finance, human resource and payroll departments. These can be delivered as a managed or bureau service.
Customers are from both the public and private sectors and include Companies House, Newcastle City Council, WH Smith, Royal Bank of Scotland, Aer Lingus, National Express Group, DFS, RSPB and Great Ormond Street Hospital for Children NHS Trust.
Advanced Business Solutions is a division of Advanced Computer Software Group plc, a leading supplier of software and IT services to the health, care and business services sectors.
About ReconArt www.reconart.com
ReconArt is the single focus provider of ReconArt™ which covers the Total Reconciliation Lifecycle™ in a single integrated web developed and deployed product installed in-house or as a SaaS. ReconArt™ allows financial services and their corporate clients to use one solution for all aspects of their reconciliation needs, from daily matching and exception and resolution to period-end attestation and account certification. The result: lowered operational costs, positive ROI, reduced exposure to operational risk and enhanced adherence to regulatory and statutory compliance requirements.
Liz Ebbrell and Angela Mycock, Advanced Computer Software Group
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