Success Story Library
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With ReconNET, Olan Mills Reduces Depository Shortages and Increases Staff Productivity
Overview
From its humble beginnings in 1932 to its reputation today as the worldwide leader in portrait photography, Olan Mills continues to place premiere emphasis on outstanding quality and exceptional customer service. The company has grown to include hundreds of professional portrait studios throughout the U.S., Puerto Rico and the U.K.
Challenges
Olan Mills, operating over 700 portrait studios nationwide, was using manual bank deposit verification and reconciliation procedures. Due to expected company growth, these complex manual procedures were a constraint to efficient operating procedures. In addition, depository shortages and accuracy were excessive due to lack of timely reconciliation.
Objectives
Olan Mills wanted to achieve the following objectives:
- Automate deposit verification and bank reconciliation process and increase related accounting staff productivity
- Reduce depository shortages and the related write-offs
Capabilities Provided
Olan Mills selected ReconNET as its solution for automating reconciliation of deposits.
Other Information
For more information on how you too can significantly increase staff productivity and reconciliation accuracy with ReconNET, contact Trintech today.
