Financial Reconciliation Solutions Reviews and Ratings

What are Financial Reconciliation Solutions?

Gartner defines financial reconciliation solutions as the key tool that enables the controllership team to manage and reconcile financial transactions across internal and external data sources. Financial reconciliation solutions replace manual transactional matching efforts with a standardized and automated workflow, configurable to predefined business rules. These solutions are cloud-deployed via software as a service (SaaS)

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Trintech is a company that provides cloud-based reconciliation and financial close services. It aims to support organizations looking to improve their finance and accounting operations for increased efficiency and efficacy. The challenge of managing reconciliation and financial close processes, especially given time constraints, is a primary concern Trintech addresses. Services offered vary, encompassing high volume transaction matching, operational reconciliation streamlining, balance sheet reconciliation automation, intercompany accounting, journal entries, close management tasks, and risk governance and compliance control. The company's financial solutions include the Cadency Platform for large corporations and the Adra Suite catering to midsize entities. These services seek to reduce expenses while enhancing both governance and transparency in all reconciliation and financial close operations. Trintech works with numerous clients across multiple countries and diverse sectors.

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BlackLine is a publicly-traded company known for addressing traditional accounting challenges. It leverages a cloud-based financial operations management platform to enhance the efficiencies of financial departments. The primary objective of BlackLine is to modernize accounting procedures by consolidating the data and processes along with automating mundane activities. This also ensures accountability through comprehensive visibility. BlackLine provides comprehensive solutions for managing and automating various activities like financial close, accounts receivable, and intercompany accounts. They cater to both large and midsize corporations across various industries to help optimize accounting procedures. BlackLine operates globally with its main operations sprawled across several business hubs such as Los Angeles, New York, the San Francisco Bay area, London, Paris, Frankfurt, Tokyo, Singapore, and Sydney.

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Trintech is a company that provides cloud-based reconciliation and financial close services. It aims to support organizations looking to improve their finance and accounting operations for increased efficiency and efficacy. The challenge of managing reconciliation and financial close processes, especially given time constraints, is a primary concern Trintech addresses. Services offered vary, encompassing high volume transaction matching, operational reconciliation streamlining, balance sheet reconciliation automation, intercompany accounting, journal entries, close management tasks, and risk governance and compliance control. The company's financial solutions include the Cadency Platform for large corporations and the Adra Suite catering to midsize entities. These services seek to reduce expenses while enhancing both governance and transparency in all reconciliation and financial close operations. Trintech works with numerous clients across multiple countries and diverse sectors.

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Trintech is a company that provides cloud-based reconciliation and financial close services. It aims to support organizations looking to improve their finance and accounting operations for increased efficiency and efficacy. The challenge of managing reconciliation and financial close processes, especially given time constraints, is a primary concern Trintech addresses. Services offered vary, encompassing high volume transaction matching, operational reconciliation streamlining, balance sheet reconciliation automation, intercompany accounting, journal entries, close management tasks, and risk governance and compliance control. The company's financial solutions include the Cadency Platform for large corporations and the Adra Suite catering to midsize entities. These services seek to reduce expenses while enhancing both governance and transparency in all reconciliation and financial close operations. Trintech works with numerous clients across multiple countries and diverse sectors.

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Xelix is an enterprise SaaS company offering an AI-powered Control Centre for Accounts Payable teams. Xelix work with some of the largest global companies to automate and enhance their financial control processes. The Xelix cloud-solution sits alongside existing systems and provides a suite of products including overpayment and fraud prevention, master data management, automated supplier statement reconciliation, intelligent mailbox management and predictive analytics.

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OneStream is how today’s Finance teams can go beyond just reporting on the past and Take Finance Further by steering the business to the future. It’s the enterprise finance platform that unifies all your financial and operational data, embeds AI for better decisions and productivity, and can extend to meet the evolving needs of your business, without adding technical debt.

Our vision is to be the operating system for modern Finance, unifying core financial functions and empowering the CFO to become a critical driver of business strategy, innovation, and growth. We deliver a comprehensive cloud-based platform designed to modernize the Office of the CFO. Our Digital Finance Cloud unifies key financial and operational data and processes, embeds AI for faster and better planning and forecasting, and is infinitely extensible so customers can add new utility and achieve more value as their business needs evolve.

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Redwood Software is focused on providing full stack automation for crucial business processes. They have developed what is believed to be the foremost SaaS-based composable automation platform devoted for ERP. The platform offers solutions that enable organizations to conduct, manage and supervise their workflows across any application, service or server - applicable to both cloud and on-premise networks. This allows for enhanced confidence and control over automated business processes.

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Trintech is a company that provides cloud-based reconciliation and financial close services. It aims to support organizations looking to improve their finance and accounting operations for increased efficiency and efficacy. The challenge of managing reconciliation and financial close processes, especially given time constraints, is a primary concern Trintech addresses. Services offered vary, encompassing high volume transaction matching, operational reconciliation streamlining, balance sheet reconciliation automation, intercompany accounting, journal entries, close management tasks, and risk governance and compliance control. The company's financial solutions include the Cadency Platform for large corporations and the Adra Suite catering to midsize entities. These services seek to reduce expenses while enhancing both governance and transparency in all reconciliation and financial close operations. Trintech works with numerous clients across multiple countries and diverse sectors.

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Oracle is a cloud technology company that offers computing infrastructure and software solutions globally. This organization has developed an autonomous database, the first of its kind, to help manage and secure data. Oracle Cloud Infrastructure presents functionalities to facilitate the transition of workloads from on-site systems to the cloud, and vice versa, as well as between different clouds. Oracle's cloud software applications provide modern tools designed to support sustainable growth and resilience in businesses. Tools developed by Oracle are used by a wide range of users including nonprofit organizations and businesses of various sizes, to aid in operations like supply chain streamlining, human resource management, financial planning and connecting data and global users. Apart from business solutions, Oracle's technology also aids in tasks ranging from government defense to scientific and medical research.

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Trintech is a company that provides cloud-based reconciliation and financial close services. It aims to support organizations looking to improve their finance and accounting operations for increased efficiency and efficacy. The challenge of managing reconciliation and financial close processes, especially given time constraints, is a primary concern Trintech addresses. Services offered vary, encompassing high volume transaction matching, operational reconciliation streamlining, balance sheet reconciliation automation, intercompany accounting, journal entries, close management tasks, and risk governance and compliance control. The company's financial solutions include the Cadency Platform for large corporations and the Adra Suite catering to midsize entities. These services seek to reduce expenses while enhancing both governance and transparency in all reconciliation and financial close operations. Trintech works with numerous clients across multiple countries and diverse sectors.

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FloQast is an accounting workflow automation software provider. The company develops an Accounting Operations Platform that assists organizations in streamlining their accounting processes. With a primary focus on solving challenges related to financial close, finance and accounting operations, and compliance programs, FloQast provides solutions tailored to accountants' needs. By utilizing their resources, accounting teams can manage monthly closes, lower compliance burdens, be audit-ready, and enhance accuracy, visibility, and collaboration throughout their financial functions.

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AutoRek specializes in providing a variety of solutions designed to enhance the management of financial data. These solutions, applicable in large-scale organizations, focus on areas like high volume data migrations, eliminating manual processes, regulatory reporting, reducing fast close processes, and controlling operational and regulatory risk. The suite of services includes compliance and regulatory reporting solutions, financial control frameworks, balance sheet certification or account attestation, high volume data migration, and automated cash allocation. These services are specifically built with the aim of improving the efficiency and quality of financial data management, assisting in reducing costs, enhancing business process efficiency and supporting regulatory reporting requirements compliance.

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Broadridge Financial Solutions is a recognized worldwide fintech organization offering fundamental infrastructure assisting in investing, corporate governance, and communications to improve financial situations. The company is chiefly oriented towards providing technology-based solutions that foster business changes for banks, broker-dealers, asset managers, wealth managers, and public firms. In addition, Broadridge's infrastructure acts as an international communications center that encourages corporate governance by connecting numerous public companies and mutual funds with millions of individual and institutional investors across the globe. Furthermore, the technology and operation platforms of Broadridge support the everyday trading of securities, equities, fixed income, and other assets on a global level, amounting to more than $10 trillion. The company has over 14,000 associates in 21 countries worldwide.

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Wolters Kluwer is a global entity specializing in professional data, application solutions, and services. The company targets sectors such as healthcare, taxation and accounting, corporate and financial compliance, legal and regulation, along with corporate performance and ESG. Wolters Kluwer's central role is to assist its clients in making essential judgements daily, delivering expert solutions that harmoniously blend specialized technology, services, and extensive domain knowledge. The company maintains its operations in over 40 countries and serves customers in more than 180 nations. Wolters Kluwer is based in Alphen aan den Rijn, the Netherlands.

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HighRadius is a company that specializes in developing autonomous software solutions primarily targeted towards the Office of the CFO. The company's core product is a cloud-based autonomous platform that is data-driven and has the ability to change its behavior based on transient transactional data. This software can efficiently digitize order-to-cash, treasury, and record-to-report processes, featuring modern capabilities like artificial intelligence, robotic process automation, natural language processing, and no-code platforms. HighRadius's unique proposition combines the functionality of an application software vendor with a middleware platform for AI or RPA, thereby delivering measurable business outcomes, including DSO reduction, working capital optimization, bad-debt reduction, reduced month-end close timelines, and improved productivity in under six months.

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Founded in 2009, Kepion has focused on simplifying the process of financial planning and reporting for businesses of varying scales. Identifying the limitations of conventional spreadsheet solutions in effectively allowing businesses to plan, budget, and forecast, Kepion ventured towards web-based solutions. Steadily advancing its mission, Kepion consistently meets consumer needs and expedites the development of finance-focused applications utilizing the Microsoft BI platform.

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Oracle is a cloud technology company that offers computing infrastructure and software solutions globally. This organization has developed an autonomous database, the first of its kind, to help manage and secure data. Oracle Cloud Infrastructure presents functionalities to facilitate the transition of workloads from on-site systems to the cloud, and vice versa, as well as between different clouds. Oracle's cloud software applications provide modern tools designed to support sustainable growth and resilience in businesses. Tools developed by Oracle are used by a wide range of users including nonprofit organizations and businesses of various sizes, to aid in operations like supply chain streamlining, human resource management, financial planning and connecting data and global users. Apart from business solutions, Oracle's technology also aids in tasks ranging from government defense to scientific and medical research.

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ReconArt is a technology firm that offers a comprehensive reconciliation platform. The company, with its headquarters located just outside of Washington DC and additional offices in Europe, got its start in 2011. The variety of services provided by ReconArt includes administrative management, data integration, transactional matching & exception management technology, and flexible balance sheet reconciliation. The company also offers support functionality such as journal approvals and variance analysis. ReconArt's capabilities extend to all types of reconciliation, which includes bank accounts, credit cards, payments, GL/suspense, AR/AP, ledger to sub-ledger, intercompany, trades and positions, as well as balance sheet, with the ability to process and report non-financial data. Since its debut in 2011, ReconArt's solution has gained adoption in the reconciliation sector worldwide, serving a diverse portfolio covering numerous industries.

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SolveXia focuses on cloud-based automation and analytics for Finance departments. The SaaS platform addresses automation needs for banks, insurers, and other companies, facilitating improved efficiency in financial processes. Founders Mark Schneider and Jonathan Glass bring diverse expertise from software entrepreneurship and financial services. SolveXia leverages technology to capitalize on growth in Intelligent Automation, including Robotics, AI, and Analytics.

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SS&C is a global entity specializing in mission-critical, cloud-based software and solutions aimed at the financial and healthcare sectors. With operations scaling over 40 countries, SS&C works mainly with financial services and healthcare organizations. Its services encompass a spectrum of expertise and innovative approaches to cater to the specific needs of these sectors. It is an established entity with a substantial employee base.

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