ReconXpert Description
Initially designed to align the Federal Reserve's accounting data with a financial institution's general ledger, ReconXpert has transformed into a solution that removes tedious manual reconciliation tasks, guaranteeing that management has access to precise and up-to-date information essential for making important daily business choices. The platform features two separate modules that seamlessly integrate, providing a sophisticated reconciliation tool equipped with unmatched soft-coded matching rules for quick setup and reconciliation. The Operations Module, being a web-based application, enables organizations to conduct several reconciliations in accordance with the business rules established in the Administration Module. Users can view the results, examine automatic matches, establish manual matches and journal entries, monitor outstanding items, and delve into specific inquiries, thus enhancing the overall efficiency of the reconciliation process. By streamlining these functions, ReconXpert significantly boosts productivity within financial institutions.
ReconXpert Alternatives
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Xero
Save 90% for 6 months on Xero's award-winning accounting and online bookkeeping platform. Beautifully simple, Xero offers a wide range of features that help businesses manage their numbers effortlessly, including invoicing, inventory management, bank connections, payroll, reporting, and app integrations for a seamless user experience. Xero offers plans for businesses of any size, with room to grow.
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Xero automates data entry by pulling sales and expense records directly from banks, invoicing apps, point-of-sale systems, and more. It securely connects to business bank accounts, eliminating manual data input, while smart bank reconciliation learns user preferences to streamline the process.
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AccountEdge
AccountEdge for Mac and Windows is a powerful accounting software that's easy to use.
Invoicing
Create and send customer invoices for products, services, or time and track payment status on open sales.
Expenses
Managing purchases and expenses helps you track your inventory and overhead costs. AccountEdge enables you to manage your vendors, payments, and recurring transactions.
Banking
Banking helps you manage money in and out in as much detail as you want. With integrated bank feeds and auto-match, reconciling your accounts is a breeze.
Payroll
Your employees are your most important asset, and maintaining compliance by tracking their pay, accruals, and expenses is critical to your business. With our optional payroll service, you'll always be on the latest payroll tax tables for accurate processing.
Inventory
Inventory tracking helps you manage your items and services and track their stock by location to ensure you have enough products on hand or on order to help fulfill customer requirements.
Accounting
Your chart of accounts is at the core of your financial reporting. Maintain your general ledger and budgets, create financial reports to help you monitor your business, and make informed decisions.
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ReconXi
ReconXi is an innovative financial reconciliation tool driven by artificial intelligence, aimed at automating the transaction matching process to reduce labor and minimize errors. Users have the ability to upload their bank statements and company ledgers in CSV format, allowing the AI to efficiently match records while providing straightforward indicators for both matched and unmatched transactions. This tool serves a wide array of users, from startups and small to medium-sized enterprises (SMEs) to financial professionals, larger corporations, educational institutions, and freelancers, delivering customized solutions that enhance financial workflows. By utilizing ReconXi, organizations can achieve precise financial documentation, lessen manual tasks, and concentrate on their primary objectives, all while avoiding the complications associated with traditional reconciliation methods. Ultimately, this leads to improved efficiency and accuracy in financial management.
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Integrations
No Integrations at this time
Company Details
Company:
Sydel Corporation
Year Founded:
1998
Headquarters:
United States
Website:
www.sydelcorp.com
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Product Details
Platforms
Web-Based
Types of Training
Training Docs
Customer Support
Business Hours
Online Support
ReconXpert Features and Options
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