Who Uses This Software?

Medium to Enterprise Size Business


Average Ratings

8 Reviews

  • 4 / 5
    Overall

  • 4.5 / 5
    Ease of Use

  • 5 / 5
    Customer Service

Product Details

  • Starting Price
    Not provided by vendor
  • Deployment
    Cloud, SaaS, Web
    Installed - Windows
  • Training
    Documentation
    Webinars
    In Person
  • Support
    Online
    Business Hours
    24/7 (Live Rep)

Vendor Details

  • RecWise
  • www.recwise.com
  • Founded 2017
  • Australia

About RecWise

Manages the financial month end close, improves staff satisfaction, audit and account compliance.


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RecWise Features

  • Alerts/Notifications
  • Asset Tracking
  • Audit Planning
  • Compliance Management
  • Dashboard
  • Forms Management
  • Issue Management
  • Mobile Access
  • Risk Assessment
  • Task Management
  • Workflow Management

RecWise Reviews Recently Reviewed!


Easy to use & superb support team

Feb 25, 2019
4/5
Overall

3 / 5
Ease of Use

3 / 5
Features & Functionality

5 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Extremely
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Pros: It looks like an excel spreadsheet and comes with some simple & commonly used 'excel' formulas such as Sum, Average, etc. You can customise recs template based on your requirement, instead of a standard template that was fixed. The uploading and reloading of account balances into the software is very easy & fast. Both reviewer & preparer of the affected recs will then receive an email notification on the change in balances. Last but not least, the support team is always very helpful and responded within a short period of time.

Cons: Although it looks like an excel spreadsheet, the keyboard shortcut key doesn't work (Ctrl C, Ctrl V for copy & paste).

Overall: We implement Recwise with the aim to automate the reconciliation process as much as we could (instead of using excel & manually key in the account balance per the ledger). The system creates a more efficient reconciliation process; all supporting documents can be uploaded and stored with the recs, which can then be downloaded as an audit pack later.

A neutral review of Recwise from a reconciliator

Feb 25, 2019
4/5
Overall

4 / 5
Ease of Use

5 / 5
Features & Functionality

4 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: -Easy to attach supporting documents.

-Excel based interface means all user are familiar with it.

-Loading of new balance sheet amounts are quick and easy.

-Eliminate wasteful paper based reconciliation approach

Cons: -Small bugs-e.g: subtotal does not register, when attachment size is too large the system just froze.

The bugs do detract from the overall user experience but they do not diminish the value of this software.

Overall: Before our company used RecWise, we depended on paper based reconciliation method before signing off on the balance sheet amount digitally. After we got RecWise, we managed to eliminate the paper based recs, which means that we save time (from picking up printouts and arranging them) and resources (paper and printers). I realize that there are other options in the market but RecWise is one of the better priced software.

RecWise reconcilaition products

Dec 19, 2018
4/5
Overall

4 / 5
Ease of Use

3 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: Ease of use, capability and responsiveness of support team and General Manager.

Cons: Flexibility in self service reporting, noting tools function well for all standard reporting including detailed analysis for reconciling items

Overall: Really good customer support, product is right scale and complexity for our business and we have never had any issue with availability.

Online, paperless, reviewable reconciliation product

Feb 22, 2019
4/5
Overall

4 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Allows supporting documents from our records management system to be attached, auto-reconciling as per tailored rules, tracking and control of preparation, review and re-work. It has assisted us in the timely completion and control of our reconciliations. Auditors have full access to reconciliations.

Cons: Interface looks like excel, but sometimes it is not quite as usable.

Overall: Perfect tool to move our reconciliations from excel/paper to a controllable online system and to assist with the timely preparation and review by deadlines.

RecWise Review

Dec 17, 2018
4/5
Overall

5 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: RecWise is an easy to use reconciliation software. Users are able to view all the reconciliations and the supporting workpapers online. It moves away from paper base reconciliation. It provides more visibility to the reconciliation process.

Cons: The GL balance upload to Recwise is done manually. There is no interface between SAP and Recwise.

Vendor Response

by RecWise on December 18, 2018

Thank you Julie for the review.

The v4 onwards allows for automatic uploads from an ERP extract.

We can certainly work with you to develop an interface tool for SAP.

RecWise

Dec 17, 2018
4/5
Overall

5 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: We implemented RecWise in October this year and the team has all found it very easy to use. It has enhanced our month end processes with there being greater visibility from the whole finance team.

Support from the RecWise team has also been great.

Cons: Only improvement recommendation is the excel functionality/capabilities

Vendor Response

by RecWise on December 18, 2018

Thank you for the review.

We will being reviewing the Excel functionality early in 2019 and adding that additional functionality into the users interface.

Recwise

Feb 28, 2019
5/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: it is easy to use, very clear and fast and keep track of all users

Cons: problem with different language, work only in English

The software is user friendly

Feb 21, 2019
4/5
Overall

5 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: The software is user friendly. It doesn't require much training to start using.

Cons: Would be good if all the excel functionalities are available in Recwise.