The finance team’s first choice for automated financial reconciliation

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Unique problems require unique solutions.

We understand that every company has unique reconciliation needs. Our modular platform allows clients to select a predefined set of rules based on their use cases that can then be customized according to their business specific needs.

How it Works

SmartConcil Simplify and STANDARDIZE the reconciliation process with just three easy steps:

01
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Data Collection

We include collectors that can read +100 financial formats automatically from diverse technologies (Files,APIs, databases, files, cloud repositories). We eliminate the need for manual processing.

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Image showing what bookkeeping includes (ledger, bank statements, invoicing, credit/debit, payment gateways, and core system)
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Data Analysis

Data goes through a process of cleaning, classification, and standardization to be ready for the matching process. Additionally, data can be exported for internal use.

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Matching Process

This is where the magic happens. Our robust matching engine utilizes advanced algorithms and pattern recognition techniques to analyze and compare thousands of transactions in seconds. Easy to incorporate customized business rules, enhancing its adaptability to your specific needs.

Image showing the matching process (pattern recognition, customized rules, and business rules)

Our Modules

Universal Bank Statements

Consolidate all bank statements into a centralized platform, organizing them based on currency or account. This allows for seamless internal data sharing.
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Reconciliation

Streamline your reconciliation process by loading, validating, and executing automated reconciliation. If necessary, easily create manual matching cases. Further, efficiently close periods and identify the reasons behind any inconsistencies.
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Reports

Easily export data based on transaction status and historical information. Generate comprehensive period-end closing reports for internal control, auditing and compliance purposes. Export clean and processed data for internal use
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Dashboard

Create Indicators base on historical information, to identify patterns and behaviors in order to improve the operation of the company
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Business Rules Configuration

Harness the power of our matching engine through the rules manager, which allows users to adapt and customize rules. This ensures 100% accuracy in identifying inconsistencies within the data.
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Internal Systems Feedback

Provide valuable feedback directly to internal systems by running database procedures, using APIs, or exporting data in specific formats. This integration allows you to quickly take action once inconsistencies are identified.
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