ReconNET by Trintech Features

Reconciliation - Financial Reconciliation (4)

Automation: Based on 14 ReconNET by Trintech reviews. Automates the process of comparing financial transactions between different accounts, statements, or systems
Bank Statements: Helps match transactions recorded in the company's books with those in the bank statement This feature was mentioned in 13 ReconNET by Trintech reviews.
Exceptions: As reported in 14 ReconNET by Trintech reviews. Alerts users when exceptions and discrepencies can't automatically be resolved
Algorithms: Based on 12 ReconNET by Trintech reviews. Uses algorithms, such as rule-based matching, fuzzy logic, or machine learning techniques to help with comparing large sets of data

Accuracy: Ensures that financial records are accurate and precise, reducing the chances of errors that could lead to audit issues This feature was mentioned in 13 ReconNET by Trintech reviews.
Compliance: As reported in 12 ReconNET by Trintech reviews. Meets industry-specific compliance requirements and supports regulatory standards
Reporting: As reported in 14 ReconNET by Trintech reviews. Offeres customizable reporting features to provide a clear overview of the financial reconciliation process and any issues that may need attention
Audit Trail: Provides a detailed history of reconciliations and supports the accuracy of financial records 14 reviewers of ReconNET by Trintech have provided feedback on this feature.

Accounting: Integrates with accounting platforms to allow the import and reconciliation of financial data This feature was mentioned in 12 ReconNET by Trintech reviews.
Inventory: Based on 11 ReconNET by Trintech reviews. Integrates with inventory management systems to help reconcile financial data related to product movements, purchases, and sales
ERP: Integrates with ERP systems to reconcile financial data across various modules and departments 11 reviewers of ReconNET by Trintech have provided feedback on this feature.
Banking: Integrates with banking systems to import and match bank transactions 13 reviewers of ReconNET by Trintech have provided feedback on this feature.

Access: Offers role-based access control (RBAC) allowing administrators to define roles with specific sets of permissions 14 reviewers of ReconNET by Trintech have provided feedback on this feature.
Authentication: Uses features such as multi-factor authentication (MFA) to help ensure that only authorized users can access the software 13 reviewers of ReconNET by Trintech have provided feedback on this feature.
Encryption: Based on 12 ReconNET by Trintech reviews. Has encryption techniques to prevent unauthorized access or interception of data
Regulations: As reported in 13 ReconNET by Trintech reviews. Complys with regulations and standards, such as Sarbanes-Oxley (SOX), GDPR, or HIPAA