Case Study: The New South Wales Treasury Corporation achieves significant time savings and reduced operational risk with ReconArt

The New South Wales Treasury Corporation - Customer Case Study

New South Wales Treasury Corporation (TCorp), the NSW Government’s central borrowing authority, faced time-consuming, risky manual reconciliations: staff extracted data from multiple systems into spreadsheets, printed reports and matched items line-by-line, with the main cash reconciliation taking up to half a business day. After evaluating vendors, TCorp selected ReconArt and its cloud-based ReconArtNet SaaS for a modern, web-based reconciliation solution.

ReconArt implemented ReconArtNet to automate matching and reconciliations for TCorp’s main bank account and bond coupon payments, migrate accounts from a semi-manual process to a fully automated workflow, and provide online tools for tracking and resolving exceptions. ReconArt’s solution significantly reduced reconciliation preparation time, cut reliance on spreadsheets (lowering operational risk), freed staff for higher-value work, and—per TCorp—paid for itself almost immediately.

The New South Wales Treasury Corporation

Raffi Kalenderian

Head of Finance & Reporting