From 2 Days to 6 Hours: How Five Below Reduced Credit Card Reconciliation Time by Up to 75%
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Trintech caught up with Nikelle Sabb, Sales Audit Specialist for Cash at Five Below, to discuss how her team left manual Excel spreadsheets in the past, cutting credit card reconciliation time by up to 75%.
Before Trintech: Long Hours, Spreadsheet Chaos, and Limited Visibility
Q: Nikelle, can you introduce yourself and describe what life looked like before Trintech?
A: Hi, Iโm Nikelle Sabb, and Iโm a Sales Audit Specialist for Cash at Five Below. Weโre a leading retailer originally focused on teens and tweens, but today we really serve everyoneโitโs all about fun.
When I first started, we were reconciling everything in Excel spreadsheets. And honestlyโit was brutal. Reconciling took long hours, sometimes days, just to get through the work. By the time we finished reconciling, there was barely any time left for research. We knew there were issues happening, but we couldnโt see them because we were too busy just trying to reconcile. Thatโs when we realized we needed a solution that could not only do what we were doingโbut do it fasterโso we could actually investigate and solve problems.
Choosing Trintech: โWow. What a Difference.โ
Q: How did Five Below land on Trintech?
A: A group was formed to evaluate reconciliation solutions, and after several meetings, Trintech was selected. I was part of the implementation from the very beginningโand once it was live, all I can say is wow.
What used to take us half a day or more was suddenly being handled by the system itself. It was eye-opening and honestly breathtaking. Over the years, Trintech has continued to evolve, rolling out updates and enhancements that make things even better for us as end users. I can say with complete confidenceโI never want to go back to spreadsheets. Ever.
Measurable ROI: From Days to Hours
Credit Card Reconciliation: From Nearly 2 Days to ~6 Hours
Q: Can you quantify the time savings youโve seen?
A: Absolutely. Credit card reconciliation used to be one of our biggest challenges. Early on, we had it set up at a summary level, which made it very difficult to drill into issues. So we went back, redesigned it as a detail-level report, and everything changed.
Before Trintech:
- 1.5 to 2 full days to reconcile a single day of credit cards
After Trintech:
- ~6 hours to complete the same work
Across the board, spreadsheets used to take all dayโa seven-hour day just reconciling, plus maybe an hour to research. Now, we can reconcile and research in about four hours total. Itโs completely changed our lives.
Cash & Credit Visibility: Turning Blind Spots into Action
Q: Beyond time savings, what other benefits have emerged?
A: When youโre dealing with cash and credit cards, visibility is everythingโespecially cash, where fluctuations are constant. Before, if you couldnโt get through reconciliation quickly, money could literally be walking out the door without you realizing it. Now, we can hone in on specific stores and say, โSomething isnโt right here.โ Maybe itโs a training issue. Maybe processes arenโt being followed correctly. But now we can see it.
Risk Mitigation & Stronger Partnerships with Loss Prevention
Q: How has Trintech helped reduce risk?
A: Weโve mitigated a lot of risk. Trintech gives us the insight we need to partner closely with our Loss Prevention team.
Now we can say:
- Why a store has an issue
- Where the issue is happening
- What process may be breaking down
That level of insight simply wasnโt possible with spreadsheets. The partnership between Loss Prevention and Sales Audit is now amazing because weโre all working from the same, reliable data.
Partnership & Support: โYouโre Always There for Me.โ
Q: How would you describe your relationship with the Trintech team?
A: I love yโall. Everyone is great to work with.
Iโm someone who likes to learn, so when I call support, Iโm watching everything they do. I ask why theyโre doing it, what it impactsโand because of that, Iโve become the back-end expert for the product at Five Below.
And Trintech is always there for me. Always.
Advice to Others: โDonโt Be Scared. Just Do It.โ
Q: What would you say to companies still relying on spreadsheets?
A: Donโt be scaredโjust do it.
If you come in every day and youโre staring at spreadsheets, you really need to think about making a change. Life moves too fast. Things happen on the fly. Spreadsheets had their timeโbut that time has passed.
Work-Life Balance Restored: โI Can Breathe Again.โ
Q: Trintech talks a lot about giving time back. How has that shown up in your life?
A: I have work-life balance now.
Before, my time was completely consumed by work. Now I can breathe again. The stress of constantly trying to get everything done is gone.
And honestly? My husband is happy to have his wife back!
Itโs given me more than just time backโnot just professionally, but personally. When things are done, theyโre done. And that peace of mind is everything.