Reconciliation system for all your company's bank statement movements, simply and quickly.
Smart Concil will let you reconcile throughout its front, easily and in minutes.
It is a configurable tool to set your business rules and reconcile all your files easily, whatever the format you use. You will be able to export all your reconciliations in different formats such as Excel, CSV, TXT or XML.
It automatically compares the movements made internally in the company's accounting against those reported in the bank statement accounts.
Once the information is loaded, Smart Concil starts the movement reconciliation automatically, using validation patterns previously defined (date, reference, description, amount, etc.). Once the process has finished, the reconciled information can be consulted in the system windows, showing the detail of each reconciliation made.
Those movements which cannot be reconciled automatically, because they do not meet the settled patterns, must be reconciled manually in the system through screens which show the accounting movements (Ledger) and the movements in a bank statement (Statement), where certain rules must be met.
Once those processes are done, the reconciliation is closed and the authorization process starts, handled by an administrative user. When the authorizing user validates the information, each account's reconciliation process can finally be closed, which leads to generating the final reconciliation reports.
The bank reconciliation system includes an administration module which offers different options for managing reconciliation operations, user creation and role assignment; and a reports module for the reconciled accounts, as well as a summary of those pending reconciliation, keeping a balance control of each account configured in the system.
Tell us which process you want to automate and we will show you how we solve it.