ReconArt Goes Live at First National Bankers Bank, Baton Rouge, LA

ARLINGTON, Va., Oct. 19, 2011 /PRNewswire/ -- ReconArt (www.reconart.com) announces the successful implementation of its Cloud-based ReconArt.net™ subscription service at First National Bankers Bank (FNBB) after a 6 week total elapsed project from contract execution to go-live.

Requiring no more than a web browser for all administrative, end user and reporting activities, ReconArt™ has initially been deployed to automate the FNBB's daily Federal Reserve and correspondent bank reconciliation activities.  After a highly successful initial project, plans are in place to expand its use to other daily matching and exception resolution activities.  The bank is also considering taking advantage of the Total Reconciliation Lifecycle™ design of ReconArt™ with its period end GL reconciliation component.

"When we selected ReconArt as our partner we knew we would be merging four banks into one" says Carolyn Dyer, EVP & CFO of First National Bankers Bank. "What we did not anticipate was doing this at the same time as implementing ReconArt™.  That we were able to achieve this simultaneously is testimony to the system's ease of deployment and intuitiveness for users."

According to Nicolo Nisbett, EVP Sales at ReconArt, "We are delighted to have delivered a high value implementation of our ReconArt.net™ subscription-based reconciliation service at FNBB to provide a standardized platform for the enlarged bank's needs throughout its reconciliation lifecycle."

About ReconArt

ReconArt is the single focus provider of ReconArt™ which covers the Total Reconciliation Lifecycle™ in a single integrated web developed and deployed product installed in-house or as a SaaS.  ReconArt™ allows financial services and their corporate clients to use one solution for all aspects of their reconciliation needs, from daily matching and exception and resolution to period-end attestation and account certification. The result: lowered operational costs, positive ROI, reduced exposure to operational risk and enhanced adherence to regulatory and statutory compliance requirements.

About First National Bankers Bank

First National Bankers Bank was the first nationally chartered banker's bank in the country.  In 2011 FNBB and three of its subsidiary banks merged into one so that today it serves approximately 800 community banks in the South East of the United States, many of whom have an ownership stake in FNBB.  

For more information contact:

ReconArt, Inc.
4720 Lee Highway
Arlington, VA 22207
+1 571-210-2444
[email protected]
www.reconart.com/contact-us

SOURCE ReconArt, Inc.