Automated Bank Reconciliation Software

How It Works: Integration and Automation

With automated bank reconciliation, everything is done for you. There’s no need to carry out lengthy manual reconciliation processes, thanks to intelligent account integration, transaction matching, statement import, exception handling and more.

Secure account integration

Because the iplicit system is fully integrated with your bank, you can simply import your latest bank statement. You’ll immediately find the imported statement, together with an automatically generated ledger balance, created based on the information in the statement

Quickly add missing transactions

Our intelligent bank reconciliation software can scan your transactions and automatically suggest matches for any transactions between your cash book and your ledger. It can do this by following rules that you set up, or by suggesting rules of its own. 

Efficient exception handling

Sometimes you’ll still be left with items that haven't been matched. But iplicit makes it easy to account for these. You can set up a library of auto templates: simply choose the one you need (for example, Bank charges) and the system will take the amount automatically from the statement.