G6 Hospitality owns, operates and franchises more than 1,450 economy lodging locations under the iconic Motel 6 brand and the Studio 6 Extended Stay brand. Headquartered in Dallas (Carrollton), Texas, G6 Hospitality employs more than 10,000 team members across the U.S. and Canada.
G6 Hospitality 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, G6 Hospitality has achieved the following ROI:
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.View Customer