Ahold Delhaize uses Trintech’s Reconciliation Solution to Eliminate Manual Processes, Provide Real-time Visibility and Increase Efficiency
Ahold Delhaize is one of the world’s largest food retail groups, a leader in supermarkets and e-commerce, and a company at the forefront of sustainable retailing. Its family of 21 local brands serves more than 50 million shoppers each week in 11 countries. Ahold Delhaize employs more than 375,000 associates in 6,500 local groceries, small format and specialty stores.
Ahold Delhaize’s preparation and review of the monthly reconciliations was a daunting and time-consuming task with no visibility into whether the reconciliations and closing tasks had been completed on time, if supporting documentation was attached, or more importantly, if there were any issues that needed to be resolved. They wanted to implement a solution that increased control and visibility of their general ledger reconciliation, and to improve overall efficiencies.
Since implementing Trintech’s reconciliation solution, Ahold Delhaize’s has benefited with the ability to identify all tasks for the whole accounting department including the set-up workflow, i.e. reminders by email for late tasks. The reconciliation solution also offers complete visibility for the accounting manager into the status of the closing activities by removing the use of spreadsheets and centralizing their monthly reconciliation exercise into a single tool.