ReconArt
32 Case Studies
A ReconArt Case Study
Bankers’ Bank Northeast (BBN), a correspondent bank serving community financial institutions in New England, New York and New Jersey, needed to automate bank‑wide reconciliations that were being handled manually. BBN sought a solution to match growing volumes of transactions from its Federal Reserve account and to automate a suspense account for ACH flows—tasks that, when errors occurred, could take days to research and resolve. BBN selected the ReconArt platform to improve reporting, control and operational efficiency.
ReconArt implemented an automated reconciliation platform for BBN, delivering immediate exception identification, greater visibility into the reconciliation lifecycle and significant time savings. BBN has moved 16 reconciliations onto ReconArt, dramatically reducing the time to research and correct misposted transactions that previously could take days, and has begun sharing the success with clients while exploring additional automation and potential revenue‑generating services.
Charlotte Hansen
SVP & CFO