Case Study: WorldRemit achieves automated reconciliations and faster month-end close with ReconArt

WorldRemit - Customer Case Study

WorldRemit, a fast-growing online remittance company serving over 4 million customers across 145+ countries, faced rapidly increasing reconciliation volumes that made its manual, labor‑intensive exception handling and period‑end processes unsustainable. To scale and automate enterprise‑wide reconciliations and support the full reconciliation lifecycle (including journal‑entry approvals and balance‑sheet certification), WorldRemit selected ReconArt as its reconciliation platform after a successful Proof‑of‑Concept.

ReconArt delivered a phased implementation that introduced data enrichment on import, a flexible Rules Module for business users to create matching logic, a full audit trail, and integrations (including NetSuite) for journal posting and reporting. As a result, WorldRemit automated its reconciliation activity—reducing time and cost, accelerating month‑end close, enabling business self‑sufficiency in rolling out new processes (such as bank reconciliation automated in under a month), and improving transparency and control thanks to ReconArt.

WorldRemit