Why reconciliation takes so long
Manual bank reconciliation often follows the same cycle: download statements from each portal, import them into Sage Intacct, then tick off transactions one by one. Bank fees, partial payments and rejections make it harder, and the close waits until everything is matched.
With Arkaio, statements arrive automatically over the banking channel and reconciliation starts as soon as they are received. The statement is created in Sage Intacct cash management just like a manual import, so your team keeps its bearings. For the method, see Automated bank reconciliation: moving from D+5 to D+0.
What Arkaio reconciles
camt statements
camt.052, camt.053 and camt.054, retrieved over EBICS, Open Banking or SFTP depending on your bank and agreement.
Payments sent by Arkaio
Transfers and direct debits are matched with their entries and applied to the original invoices.
Transactions outside Arkaio
For fees or transactions made directly, the engine analyzes the transaction and generates the matching entry.
Customer receipts
Matching by IBAN, Arkaio identifiers and, in Switzerland, QR reference.
Loan installments
Each bank loan installment is matched with the statement and posted in Sage Intacct.
Rejections and returned funds
Only the amount actually paid is imported; returned funds generate a reversal entry.
Control and evidence
- Exception review: when no match is found, a proposal is submitted to the user in Arkaio. Outside that case, no manual intervention is needed.
- Submission control: the statement also checks that the batch sent was compliant and detects transactions refused by the bank, alongside pain.002 status reports.
- Audit evidence: reconciliation evidence is available in Arkaio or in Sage Intacct, and a log records every transaction posted in Sage Intacct with its status.
Frequently asked questions
Do we still need to import statements manually?
No. Statements are retrieved automatically over the configured banking channel and then created in Sage Intacct cash management.
What happens to transactions Arkaio does not recognize?
The engine first tries to analyze them and generate the corresponding entry, for example for bank fees. If it finds no match, it submits a proposal to the user, who approves it in Arkaio.
Which statements are supported?
camt.052 (intraday), camt.053 (end of day) and camt.054 (debit and credit notifications). The messages you receive depend on your bank and your agreement.
See reconciliation on your own statements
A demo follows a statement from receipt to entries in Sage Intacct, on a case close to yours.