Return on Investment (ROI)
Return on Investment (ROI)
In today’s challenging economic climate, return on investment is a key factor in selecting any automated financial governance solution. Trintech’s customers have realized significant quantitative and qualitative benefits from implementing our solutions including rapid return on investment (ROI) via reduced audit fees, employee cost savings, and operational efficiencies. The following are examples of return on investment derived by selected Trintech customers:
“AssureNET’s paperless, on-line environment not only drives cost savings, but also provides the necessary visibility and transparency needed in today’s complex and compliance-focused climate.” Success Story
Mary Ferry, Director Financial Accounting, ConAgra Foods
“We saw $1.5M annually in personnel costs alone, excluding other savings along with Bank to Book reconciliation efforts reduced from1 month to 3 days with 85% of the reconciliations now requiring no further intervention.”
Major Consumer Products Company
“As a result of having the system in place for our main bank reconciliation process, we’ve been able to reduce the number of staff involved by 50%, reconcile our accounts on a timely basis, better manage exceptions, and improve reporting capabilities.” Success Story
Lloyds TSB Asset Finance Division
“We have decreased 13 FTE’s – a 37% reduction – while increasing the number of studios by 20% (150 additional stores with more added every month). We have reduced our over and short expenses by over $800,000 (an 85% reduction in write-offs) in the first year, thanks to ReconNET!” Success Story
Olan Mills
“Without ReconNET, our 200 stores required a staff of 33 full-time employees for reconciliation. Now, 5 fulltime employees handle the sales audit (an 85% improvement in efficiency)!”
Sports Authority
“We saw 25% reduction in costs to service internal management reporting and external auditor, 25% reduction in external audit fees for an annual savings of over $600,000 and 25% reduction in ongoing compliance costs (including 1,500 hours and $90,000).”
Financial Services Trading House
“We were able to justify the entire purchase of the Unity Close module as a result of a committed reduction in annual audit fees.”
Global Management and Technology Consulting Company