Automatically reconcile your General Ledger with bank transactions using advanced AI/ML. Built for banks, fintechs, insurance companies, and financial institutions globally. Handle billions of transactions with multi-currency support and enterprise-grade compliance.
Built for global financial institutions with AI-powered automation, multi-currency support, and comprehensive compliance features.
Automatically reconciles GL transactions with bank transactions using advanced AI/ML with confidence scoring and match explanations.
Connect to banks worldwide via APIs including Plaid (US/EU), TrueLayer (UK), and regional bank APIs. Support for multiple file formats.
Seamlessly integrate with Tyms, QuickBooks, Xero, NetSuite, SAP, Oracle, and local accounting systems globally.
Handle 150+ currencies with automatic conversion to USD for reporting. Historical exchange rate tracking and FX gain/loss calculations.
Complete data isolation with hierarchical structure: Tenant to Entities to Branches. Support for global operations across countries.
Smart exception queue with priority levels, assignment workflows, aging analysis, and SLA tracking across timezones.
Comprehensive audit trail with immutable history. Support for SOX, GDPR, and regional financial regulations worldwide.
Granular permissions with scoping to tenants, entities, branches, or countries. Support for SSO, SAML, and OAuth.
Custom reports and dashboards with multi-currency reporting, consolidated views across entities, and regional performance comparisons.
Store UTC timestamps with timezone-aware display. Support for regional business hours, holidays, and fiscal year differences.
Built to handle billions of transactions with sub-second query response times. Partitioned tables and optimized for global scale.
Compliance with data residency requirements. Regional data center mapping with 99.9% uptime SLA and enterprise-grade security.
Our AI-powered reconciliation engine uses sophisticated matching algorithms to handle even the most complex transaction scenarios.
Direct matching of single GL transactions to single bank transactions with exact amount and date correlation.
Match one GL entry to multiple bank transactions, perfect for invoices paid in installments or split payments.
Combine multiple GL transactions into a single bank payment, ideal for batch processing and bulk transfers.
Complex matching scenarios where multiple GL entries match multiple bank transactions simultaneously.
Imagine your finance team spending hours each month manually matching thousands of transactions between your General Ledger and bank statements. Now imagine that same process happening automatically, with AI that learns your patterns and gets smarter over time. That's the reality Farct brings to banks, fintechs, insurance companies, and financial institutions worldwide.
Our AI-powered reconciliation engine doesn't just match transactions—it understands them. Using machine learning, it recognizes patterns in how your organization processes payments, handles fees, and manages transactions across different currencies and timezones. Every match comes with a confidence score and explanation, so your team knows exactly why transactions were paired together. Whether you're dealing with simple one-to-one matches or complex many-to-many scenarios where one invoice spans multiple payments, Farct handles it all.
The magic happens through seamless connections. Farct integrates with over 150 banking APIs globally—from Plaid in the US and EU to TrueLayer in the UK, plus regional bank APIs worldwide. Your bank reconciliation software automatically fetches transactions in formats like BAI, MT940, or CAMT, while simultaneously pulling GL data from Tyms, QuickBooks, Xero, NetSuite, SAP, Oracle, or your local accounting system. No more manual exports, no more CSV uploads, no more waiting.
For global operations, Farct speaks every currency. With support for 150+ currencies, transactions are stored in their original currency while automatically converting to your base currency and USD for reporting. Historical exchange rates are tracked daily, ensuring accurate FX gain and loss calculations. Whether you're a bank processing cross-border payments or a fintech operating in multiple countries, multi-currency reconciliation happens seamlessly.
When exceptions arise—and they always do—Farct's intelligent exception management system takes over. Transactions needing review are automatically categorized by priority and routed to the right specialist. The system tracks aging, monitors SLAs across timezones, and even groups similar exceptions together so your team can resolve multiple issues at once. What used to take days now takes hours.
Every action is logged in an immutable audit trail. Who matched what transaction, when they did it, and why—it's all there for SOX, GDPR, and regulatory compliance. Custom reports generate in seconds, even with billions of transactions. Role-based access ensures the right people see the right data, whether they're in New York, London, or Singapore.
Built for scale, Farct handles the transaction volumes that would break traditional reconciliation software. Banks processing millions of daily transactions, payment gateways handling billions annually, insurance companies reconciling premiums and claims—they all run smoothly with sub-second query times and 99.9% uptime.
The best part? Farct gets smarter the more you use it. As your team reviews AI-suggested matches, the system learns your specific patterns, regional banking behaviors, and unique transaction characteristics. Exception rates drop, accuracy improves, and manual work becomes a thing of the past.
This is account reconciliation reimagined. GL reconciliation software that thinks, learns, and adapts. Bank reconciliation that scales with your business, no matter how global or complex. Welcome to financial reconciliation that actually works.
Pricing is based on your monthly transaction volume, not per seat. Perfect for enterprises with large transaction volumes.
See how Farct can transform your financial reconciliation process. Schedule a demo to see the platform in action.
Stop spending countless hours on manual reconciliation. Farct's AI-powered platform automatically reconciles your GL with bank transactions, reducing errors and saving time while ensuring compliance.