Tool profile
ReconArt: cost, fit and limits
ReconArt is a reconciliation and close automation platform made by ReconArt, Inc. that matches bank, card, payables, receivables, securities and intercompany transactions and certifies balance sheet accounts. It includes an AI assistant that builds matching rules in natural language. Banks, credit unions and corporate finance teams use it.
What to know first
ReconArt is the one vendor here that prints edition limits. Essentials covers 25 million transactions a year and Plus 50 million, while Certify and Close list no transaction cap. Prices are quoted, and implementation is a fixed package of 60 or 80 hours. Beyond matching, it offers journal entry approval workflows, an API layer and IntelliDoc for extracting data from documents.
ReconArt at a glance
| Maker | ReconArt, Inc., United States |
|---|---|
| Free plan | No |
| Entry price | Quote only |
| API access | Yes |
| Category | Best AI Financial Close Software in 2026, rank 4 of 10 |
| Website | reconart.com |
Who ReconArt is best for
Credit unions and community banks
Case studies cite 800 balance sheet accounts at a bankers bank and more than 50 account types automated at a credit union, so mid-sized financial institutions are an established user group.
Teams with peaks in volume
Editions state yearly transaction caps of 25 and 50 million, and the Enterprise edition is cited at over one million transactions per minute.
Controllers who need sign-off evidence
Certify adds balance sheet reconciliation, a configurable approval workflow and a complete audit trail, usable on its own. Auditors then receive one record of who reviewed which account and when.
Operations with document-heavy inputs
IntelliDoc extracts data from unstructured documents, and the page cites 98% accuracy on unstructured PDFs, a vendor figure to test.
ReconArt plans and pricing
| Plan | Price | What it includes |
|---|---|---|
| Essentials | Quote, annual subscription | 25 million transactions per year, with transaction matching, exceptions management, process automation, reports and support. |
| Plus | Quote, annual subscription | Essentials plus Certify, with 50 million transactions per year and period-end balance sheet reconciliation and certification. |
| Certify | Quote, annual subscription | Balance sheet reconciliation and certification with a configurable approval workflow and a complete audit trail. No transaction cap is stated. |
| Close | Quote, annual subscription | Choose two or more of Certification, Task Management, Variance Analysis and Journal Entries, with audit trail, multiple roles and dashboards. |
Checked November 2026.
What ReconArt does
- AI Assistant
- Users talk to their data and create matching rules in natural language instead of writing rule syntax by hand. Check how each rule is stored and shown afterward, so a reviewer can read it without the assistant.
- Multi-type reconciliation
- Bank, credit card, payables and receivables, securities, positions and trades, and intercompany reconciliation sit in one product. One product for these account types lets a controller report on all reconciliations from a single dashboard.
- Data and connectivity
- Data Factory pulls from ERPs, core banking systems, SFTP, cloud storage and spreadsheets, with Kafka for real-time payments listed. Ask which connections are native and which need setup work, as bank and ERP formats vary widely.
- IntelliDoc
- Extraction and classification for unstructured documents feeds matching with data that arrives as PDFs. Test it on your messiest statements, since the 98% accuracy on PDFs is a figure from the vendor.
- Close tools
- Journal entry approval workflows, task management and variance analysis are available through the Close edition. These pieces are sold as editions, so check which combination matches the steps in your own close.
How ReconArt handles your data
ReconArt, Inc. lists an Arlington, Virginia address on its privacy policy. The policy does not mention AI, machine learning, retention periods or hosting location, so the vendor's policy was not checked for those points. It states that sensitive data is exchanged over an SSL secured channel and that appropriate security measures are used. The footer shows ISO/IEC 27001:2022, and the home page claims SOX compliance is guaranteed without naming the basis. Ask for the certificate, the audit scope and the hosting region in writing.
Where ReconArt falls short in practice
- No price figures. Editions and limits are printed, but not the fees. A buyer still needs a quote for subscription and implementation. Editions and limits are printed, but a buyer still needs a quote for subscription and implementation before any budget request.
- Policy leaves gaps. The privacy policy is silent on AI, retention and hosting, though the product advertises AI features. Ask for a data processing agreement that answers them.
- SOX claim lacks a basis. The home page says SOX compliance is guaranteed but names no certifying body. Treat it as marketing until the auditor accepts the evidence. Treat it as marketing until your auditor accepts the evidence, and ask for the certificate and its scope.
Works with
Alternatives to ReconArt
ReconArt: common questions
What does a ReconArt edition limit mean?
Essentials covers 25 million transactions per year and Plus covers 50 million, according to the plans page. Certify and Close list no cap. Ask how the vendor counts a transaction, and whether both sides of a match count. Ask how the vendor counts a transaction, and whether both sides of a match count toward the yearly limit.
How long does ReconArt implementation take?
The plans page describes implementation as a fixed-scope package of 60 or 80 hours, and says subscription and implementation costs are defined upfront. Ask which tasks the hours cover and what happens if your data needs more mapping. Ask which tasks the hours cover, and what happens if your data needs more mapping than planned.
Can ReconArt create matching rules from plain language?
The home page says the ReconArt AI Assistant lets users talk to their data and create matching rules in natural language. Test it on a rule that you already run, and review how the rule is stored. Test it on a rule you already run, and compare the result with your current matching logic.
Does ReconArt include close management?
Yes, the Close edition requires two or more of Certification, Task Management, Variance Analysis and Journal Entries, and adds audit trail, roles and dashboards. Certify alone covers balance sheet certification. Certify alone covers balance sheet certification, so choose Close if you also need tasks and journals on top.
Which security certification does ReconArt show?
The footer shows ISO/IEC 27001:2022. The page also claims SOX compliance is guaranteed without naming a body. Request the ISO certificate and scope, and ask which SOC reports exist. Request the ISO certificate and its scope, and ask which SOC reports exist for the product.