AgriBank

AgriBank Uses Trintech’s Reconciliation Solution for its
Reconciliation Process to Improve Financial Controls

AgriBank serves as a wholesale lender and business-service provider to a 15-state network of local farm credit associations in a district that stretches from Ohio to Wyoming and Minnesota to Arkansas. AgriBank is the second largest of the four Farm Credit Banks and has over $94 billion in assets. Its headquarters is in downtown St. Paul, Minnesota.

AgriBank selected Trintech based upon its highly configurable solution. Trintech’s reconciliation solution is secure, transparent and comprehensive, allowing AgriBank to save significant time, cost and resources throughout its financial close process.

Since implementation, AgriBank has achieved greater efficiency, improved financial controls, standardized processes and more effective monitoring. All of AgriBank’s reconciliations and exception items, along with appropriate backup, are now systematically routed through an automated workflow to the appropriate user for review and signoff. Automation of their manual reconciliation process has notably lowered the bank’s risk levels by safeguarding the security of sensitive financial data.

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