Datalog Bank Reconciliation is a robust software solution designed to transform complex financial reconciliation tasks into a highly efficient, automated process. It empowers organizations to create unlimited criteria, rules, and scenarios, ensuring bank reconciliations run seamlessly and accurately. The system automatically logs all reconciliations, making it easy to pull up any reconciliation report on demand, providing full auditability and transparency. The platform offers unparalleled control by allowing users to write their own reconciliation rules, applying an unlimited number of parameters and criteria. It supports complex logic, combining Boolean and mathematical operators to build flexible reconciliation models, including one-to-one, one-to-many, and many-to-one matching, with or without aggregations. This flexibility ensures that virtually any reconciliation scenario can be handled. Datalog Bank Reconciliation seamlessly connects accounting and treasury activities, enabling comprehensive tracking of treasury operations, monitoring of cash across all entities, and perfect alignment with accounting partners. Through native integration with the broader Datalog TMS, bank statements are accessed from a central repository, eliminating data duplication and ensuring data consistency. The system is highly flexible, capable of connecting to any ERP, accounting, or other IT system to retrieve detailed, global, real-time information about payables and receivables within the Datalog TMS platform. It automatically consolidates information to eliminate errors and mitigate fraud risk on every transaction, for every entity, and across the entire group, matching all types of accounting records with any type of entry (bank statement or otherwise) to deliver straightforward, accurate financial information rapidly. Furthermore, its no-code workflow engine allows users to add new bank formats and modify settings, rules, and workflows independently, reducing reliance on IT support.

Features & Benefits

• Automated & Customizable Reconciliation
  • Create unlimited criteria, rules, and scenarios to automate bank reconciliations, with automatic logging and on-demand reporting. Supports Boolean and mathematical operators for 1:1, one-to-many, and many-to-one matching.
  • Apply unlimited reconciliation rules
  • Manual, semi-automatic, or automatic reconciliation
• Seamless System Integration
  • Connects accounting and treasury activities, accessing bank statements from a central repository. Integrates with any ERP, accounting, or IT system for real-time payables and receivables data.
  • Import/export any file format
• Enhanced Data Accuracy & Risk Mitigation
  • Automatically consolidates information to eliminate errors and fraud risk on every transaction, across all entities and the entire group, matching all accounting records with any entry type.
  • Mitigate risk, maintain control
• High Performance & Scalability
  • Processes any volume of data, including extra-large datasets, in minutes, ensuring efficiency even with extensive financial operations.
• No-Code Customization
  • Empowers users to add new bank formats and modify settings, rules, and workflows independently using a no-code workflow engine, reducing reliance on technical support.