Alabama Power Company, headquartered in Birmingham, Alabama, is a company in the southern United States that provides electricity service to 1.4 million customers in the southern two-thirds of Alabama. It is one of four U.S. utilities operated by the Southern Company, one of the nation’s largest generators of electricity.
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 for its depository accounts. Because of the solution’s flexibility, the utility expanded its usage across other company processes as well, including; credit card transactions, payroll, accounts payable, check drafts, stock dividends, unclaimed property and general ledger account reconciliation.
Return on Investment:
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