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(IT-NEWSWIRE.COM, May 21, 2018 ) Global Bank Reconciliation Software Market Size, Status and Forecast 2022
Reconciliation is an accounting method that uses process information and mathematical methods in order to endorse that numbers are accurate and in arrangement. It checks whether the amount leaving an account coordinates with the amount that has been consumed, confirming the two are balanced at the completion of the recording interval. Reconciliation software is equipped with various features that help in reducing risks, improving quality, and save time through automated operations. In addition, reconciliation software provides the ability to streamline reconciliation, eliminate paper checks, and enhance vendor payments.
Bank reconciliation software automates all steps in the bank reconciliation process. It imports data from both ERP or general ledger systems and bank files or statements. It then compares account balances and transactions details between these sources, and identifies any discrepancies so that they can be investigated by accounting staff. This removes the burden of manually matching transactions that is placed on accounting staff, and frees accountants to focus on analysis of discrepancies.
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Top Manufacturers: Broadridge, AutoRek, ReconArt, SmartStream, Oracle, SS&C, Adra, BlackLine, Treasury, Xero, DataLog, Cashbook, Rimilia, Fiserv
Market Segment by Regions, regional analysis covers
United States
EU
Japan
China
India
Southeast Asia
Market Segment by Type, covers
Cloud based
On premise
Market Segment by Applications, can be divided into
Banks
Enterprise
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New bank reconciliation software solutions such as Cashbook integrate with all major ERPs and banks to provide users with easy, mechanized bank account reconciliation. The global reconciliation software market is witnessing strong growth owing to factors such as growing implementation of customer-centric banking solutions and growing requirement for standardized activities in banks. Additionally, rising demand for secure, cost-effective, and translucent transactions is also a key factor which is expected to drive the reconciliation software market in the coming years. Growing adoption of automated banking solutions due to high quality and reduced reconciliation time is supplementing the development of this market.
Growing adoption of online banking and mobile banking by consumers to perform different financial transactions through tablets and smartphones is anticipated to create immense opportunities for the development of this market. In addition, growing requirement for error-free and fast financial calculations is expected to fuel the demand for advanced solutions which is consequently driving the market growth.
Table of Content:
Global Bank Reconciliation Software Market Size, Status and Forecast 2022
1 Industry Overview of Bank Reconciliation Software
2 Global Bank Reconciliation Software Competition Analysis by Players
3 Company (Top Players) Profiles
3.1 Broadridge
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Bank Reconciliation Software Revenue (Value) (2012-2017)
3.1.5 Recent Developments
3.2 AutoRek
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Bank Reconciliation Software Revenue (Value) (2012-2017)
3.2.5 Recent Developments
3.3 ReconArt
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Bank Reconciliation Software Revenue (Value) (2012-2017)
3.3.5 Recent Developments
4 Global Bank Reconciliation Software Market Size by Type and Application (2012-2017)
5 United States Bank Reconciliation Software Development Status and Outlook
6 EU Bank Reconciliation Software Development Status and Outlook
7 Japan Bank Reconciliation Software Development Status and Outlook
8 China Bank Reconciliation Software Development Status and Outlook
9 India Bank Reconciliation Software Development Status and Outlook
10 Southeast Asia Bank Reconciliation Software Development Status and Outlook
11 Market Forecast by Regions, Type and Application (2017-2022)
12 Bank Reconciliation Software Market Dynamics
Complete Report: http://www.reportsweb.com/buy&RW00011434913/buy/3300
Contact Info:
Name: Sameer Joshi
Email: sales@reportsweb.com
Company Name: ReportsWeb
Website: Reportsweb.com
Phone: +1-646-491-9876
ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
Source: EmailWire.com
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