Reconciles is a SmartStream alternative for US finance and payments teams whose reconciliation work is bank statements, processor payouts and invoice payments rather than securities, trades and nostro accounts. SmartStream sells its TLM platform to banks, brokers and asset managers through sales-led deals and publishes no price list. Reconciles publishes plans from $888 a year, charges no implementation fee and shows matched pairs from your own files before you create an account.
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SmartStream Technologies builds transaction lifecycle management software for financial institutions. Its TLM platform, sold in recent years as Smart Reconciliations, covers cash and securities reconciliation, nostro and cash management, and it is available as the cloud service TLM OnDemand as well as on premise. Banks use it to match millions of items a day across custodians, clearing houses and correspondent accounts.
That is a strong fit when your problem is the volume and variety of market data. It is a lot of platform when your month looks different: a Stripe payout, a lockbox deposit, a card batch and 800 open invoices that must tie to a ledger by the 5th. Matching those is the job Reconciles was built for, and it is the only job it does. We state facts about SmartStream only where SmartStream or a named source publishes them.
| Reconciles | SmartStream | Spreadsheets | |
|---|---|---|---|
| How you buy | Self-serve, by card in your account | Sales conversation, then a custom quote | Already installed |
| Published price | $888 to $5,988 a year billed yearly, or $149 to $999 monthly | None published | No license, paid in staff hours |
| What drives the price | Plan by monthly matched volume and entities | Cloud or on premise, asset classes, data volume and message formats | Hours of matching every month |
| Trial | Matches from your own files before signup | Demo led evaluation | Not applicable |
| Implementation | None, results in minutes | Project with onboarding of each data feed | Formulas built by hand |
| Scope | Bank, payout and payment lines matched to invoices and ledgers, exceptions, journal entries | Cash, securities and nostro reconciliation for financial institutions | Whatever the workbook owner builds |
| Best for | US mid-market finance teams, ecommerce brands, SaaS companies, fintechs and accounting firms | Banks, brokers and asset managers with large feeds | Very low volume |
SmartStream may quote very differently for your firm, so treat the table as a guide to how each product is sold, not as a quote.
| SmartStream style use case | Covered by Reconciles | What to use instead |
|---|---|---|
| Bank statement to ledger | Yes, statement CSV, XLSX, OFX, MT940 or PDF against any ledger export | Not needed |
| Processor payouts to bank deposits | Yes, one to one, one to many and many to one | Not needed |
| Payments to open invoices | Yes, with short pays and unapplied cash sent to an exceptions queue | Not needed |
| Journal entries for QuickBooks, Xero and NetSuite | Yes, on Growth and Scale | Not needed |
| Securities, trade and position reconciliation | No | SmartStream, Duco, Gresham or Xceptor |
| Nostro and correspondent bank cash at scale | No | SmartStream or AutoRek |
If most of your volume sits in the first four rows, the choice is mostly about price and setup time. If securities and nostro accounts are the problem, a capital markets platform is the right category and Reconciles is not.
Directory lists mix corporate close tools with capital markets vendors, so the shortlist splits by the data you reconcile.
Pick the group by your data. Trades and positions belong with the capital markets vendors. Bank statements, payouts, invoices and ledger exports belong with corporate tools.
The engine reads the bank or payout line and the open invoice file and tries one to one, one to many and many to one combinations on amounts, references and payer names. Six invoices paid by one ACH come back as one group with the total shown.
Every match shows why it was made, such as reference found in the memo, amount and date within two days, or three invoices summing to one deposit. Reviewers approve pairs instead of re-checking them.
Unmatched and partly matched items go to a queue with the amount, an owner and comments, so month end is a short list instead of a hunt through tabs.
Growth exports journal entries for QuickBooks and Xero and Scale adds NetSuite, so fees and adjustments land in the ledger without retyping. The bank reconciliation software page shows the full flow.
1. Export one month of bank activity from your main operating account as CSV or XLSX, plus any Stripe, PayPal or processor payout files.
2. Export the matching ledger or open invoice list from your accounting system.
3. Upload both and read the match rate, the exceptions queue and the reason on each pair.
4. Count what is left. If the leftovers are securities and nostro breaks, you need a capital markets platform. If they are unmatched deposits and fees, a matching tool covers it.
Starter costs $888 a year for up to 3,000 matched transactions a month. Growth costs $2,388 a year for up to 20,000 a month across 5 entities with every processor, roles and QuickBooks or Xero journal entries. Scale costs $5,988 a year for up to 100,000 a month across 25 entities, with API and SFTP, approvals, an audit log, NetSuite journal entries and SSO. Monthly billing is $149, $399 and $999. There is no implementation fee. Full details are on the pricing page, and the wider market is compared in reconciliation software cost.
The SmartStream alternatives buyers compare most are Duco, AutoRek, Gresham and Xceptor for bank and asset manager data, and BlackLine, Trintech Adra and ReconArt for corporate reconciliation and close. Teams whose work is bank, payout and invoice matching also shortlist self-serve software such as Reconciles, which publishes prices and needs no implementation.
SmartStream does not publish a price list. ERP Research says cost depends on the deployment model (cloud or on premise), the asset classes and data volumes processed and the message formats required, and is quoted per client. Reconciles lists every plan, from $888 to $5,988 a year billed yearly.
Yes, SmartStream offers TLM as a cloud service called TLM OnDemand as well as on premise deployments. Early announcements described a transaction-based subscription with no upfront license fee, and current terms are agreed in a quote.
Yes, if your data is bank statements, processor payouts and invoices rather than trades and securities. Reconciles costs $888 to $5,988 a year with no implementation fee, and you can see matched pairs from your own files before you sign up.
Upload a bank statement and a ledger or invoice export. In a few minutes you will see how much matches on its own and what a published plan costs to fix the rest.
Your account is saved and you are logged in. Your result now shows one more page of matched rows. You also get one more sample run of up to 500 lines.
To reconcile full months, open your workspace with a plan.
Choose a planStarter plan selected
Your account is saved and you are logged in. Pay by card on the next page and your workspace opens right away.
$74 per month, billed $888 yearly
$149 per month, billed monthly
Growth plan selected
Your account is saved and you are logged in. Pay by card on the next page and your workspace opens right away.
$199 per month, billed $2,388 yearly
$399 per month, billed monthly
Scale plan selected
Your account is saved and you are logged in. Pay by card on the next page and your workspace opens right away.
$499 per month, billed $5,988 yearly
$999 per month, billed monthly
Your account is saved and you are logged in. You can now run one sample reconciliation of up to 500 lines.
To reconcile full months, open your workspace with a plan.
Reconcile now Choose a planEvery plan includes the matching engine, the exceptions queue and exports. Pay yearly and save 50%.
Starter
$74 per month, billed $888 yearly
$149 per month, billed monthly
Growth
$199 per month, billed $2,388 yearly
$399 per month, billed monthly
Scale
$499 per month, billed $5,988 yearly
$999 per month, billed monthly
Cancel any time. Your plan stays active until the end of the paid period.
