Accor struggled significantly with error prone, manual processes that delayed identifying exceptions and reporting; exposing the company to annual write-offs averaging $1.5 million. The company also had no process for escheatment, leading to an audit resulting in $3 million in penalties for unclaimed property that had not been filed with the appropriate states.
Since implementing Trintech’s reconciliation solution, Accor has achieved the following ROI:
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Accor, the world’s leading hotel operator and market leader in Europe, is present in 92 countries with more than 3,700 hotels. Accor’s broad portfolio of hotel brands – Sofitel, Pullman, MGallery, Grand Mercure, Novotel, Suite Novotel, Mercure, Adagio, Ibis, Ibis Styles, Ibis Budget and Hotel F1 – provide an extensive offer from luxury to budget.
Alabama Power uses Trintech’s reconciliation solution across several processes to automate its manual month-end processes Alabama Power selected and deployed Trintech’s reconciliation solution to automate its time-consuming and error-prone manual reconciliation and month-end processes. Along with Trintech’s reconciliation solution, Alabama Power chose Trintech’s DataFlow Transaction Network to reduce costs and simplify the company’s bank data collection. Alabama Power quickly realized significant process improvements and time savings using Trintech’s reconciliation solution…View Customer