Jewson Gains Greater Visibility and Control Over the Matching of 1.6 Million Transactions
Case Study
Share
To create more value on a daily basis and to eliminate manual tasks, the finance department at Jewson has automated its reconciliation process using the Adra™ Suite of Solutions from Trintech.
About Jewson
With over 600 branches across the country, Jewson is the UK’s leading supplier of sustainable timber and building materials. The first Jewson branch opened in 1836 – for more than 180 years they have been supplying building materials and supporting the trade. Jewson offers the widest range of quality materials and products from everyday core essentials to the latest sustainable innovations. In addition to timber and building materials, Jewson also has specialist landscaping, joinery, insulation, tool hire, brick, kitchen and bathroom centers up and down the country.
Why Adra® by Trintech?
Despite already implementing a reconciliation tool, Jewson felt that their current solution was not flexible enough to handle the complex requirements for data matching, with a significant amount of time being spent manually reconciling their transactions. “We have been using a simple reconciliation tool to handle our large volume of transactions but after investigating the market, we felt we could get extra support and further cost savings with Adra’s transaction matching solution,” said Janet Knight, Chief Cashier at Jewson.
Jewson knew they needed to take control of their cash management and financial accounts in order to increase financial control and reduce operational risk. In addition, they were looking to implement a solution that increased the speed of their reconciliation process and exception identification, improved the accuracy of their reconciliations and provided financial control enhancements to the business.
We were using a simple reconciliation tool to handle our large volume of transactions but after investigating the market, we felt we could get extra support and further cost savings with Adra.”
Solution In Action
With a fast and easy implementation, Jewson was able to benefit immediately from implementing Adra’s transaction matching solution. Training was quick and simple to understand and users were able to utilize the software within hours. Adra’s transaction matching solution controls their reconciliation process and provides real-time visibility into its progress. The accounting team can now use their time far more efficiently, and are able to complete the reconciliation process much quicker.
Adra’s transaction matching solution automates over 1.6 million yearly transactions for Jewson and other affiliate companies of the Saint-Gobain Building Distribution Group. The complex rules for data matching that were required by Jewson were also addressed by the flexibility of Adra’s transaction matching solution. Jewson has seen a quick return on investment by automating a previously lengthy and time-consuming process.
Read the Full Case Study
Learn more about building a mutually beneficial partnership with Trintech to help you scale your business and meet your clients’ financial close needs.
See an Adra Demo
We work closely with leading agency, advisory, BPO and technology experts that live and breathe financial close transformation, understand your industry.
