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Hallmark Uses ReconNET for Account Reconciliation and Exception Management
Overview
Hallmark, the personal expression industry leader, is virtually synonymous with consumers’ preferred brand of greeting card. While best known for helping people express their feelings and touch the lives of others, Hallmark also owns and operates thriving businesses in the family entertainment and personal development industries.
Challenges
The sales and audit reconciliation process for Hallmark’s corporate-owned stores (about 5 percent of the Hallmark specialty store network) was handled manually and required the efficiencies of automation.
Objectives
Hallmark outlined the following objectives for the reconciliation project:
- Focus first on loss prevention to reduce non-product costs, such as overs/shorts
- Enforcement of operational policies regarding deposits and management of exceptions
- Optimize cash flow by enabling Treasury to plan float and perform ACH sweeps
Capabilities Provided
Hallmark chose ReconNET as the solution for deposit and credit card reconciliation for its 400 corporate owned stores.
Other Information
For more information on how you too can improve productivity and optimize cash flow with ReconNET, contact Trintech today.
