XREC Reconciliation

Reconcile your accouting and financial data quickly and easily with the XREC solution

Solutions for all types of reconciliations - Bank Reconciliation / Account Réconciliation / Cash & Credit Card Reconciliation / E-commerce Payments Reconciliation / Post Trade Reconciliation 

XREC is a powerful reconciliation solution to replace manual spreadsheets – You take control of your data, minimise the risk and improve the efficiency of your day-to-day operations with high-level transparency and governance.

Our cloud-based solution eliminates up to 99% of manual reconciliations and matching in a company's Accounting and Finance department while streamlining reconciliation processes, enhancing internal controls and strengthening corporate governance.

Key benefits of the xrec solution: 

• Automation of data import, reconciliation, matching, and reporting
• High volume matching between any transactional data, both internal and external with lightning speed and great accuracy
• 100% configurable matching rules (1-1, 1-m, m-m) with true multi-parties reconciliation function
• Support retroactive bank reconciliations of a previous period
• Reconcile and match data in any format. Zero coding needed to read all your source files and import transactional data
• Break management functionality for discrepancies facilitating exchanges and ongoing analyses & explanation plus tracking resolution actions – allocation of follow-ups, attachments to transactions, resolution, etc.
• Comprehensive audit trails for further follow-up and resolution
• Export functionality which enables transactional data along with reconciliation and matching results to your ERPs
• Customisable dashboards with KPI’s for accurate and detailed reporting
• Long-term archiving features for all your transactional data and historical reconciliation results