Ralph Lauren Corporation is a publicly traded, US-based holding company headquartered in New York City. It is considered a global leader in the design, marketing and distribution of premium lifestyle products in four categories: apparel, home, accessories and fragrances.
Founded in 1967, Ralph Lauren manages some of the world’s most widely recognized brands, while operating nearly 400 directly-owned free-standing stores, roughly 500 concession shops-within-shops and 7 e-commerce websites.
Due to the increased volume of reconciliations, Ralph Lauren greatly struggled with closing its books at month-end. The result of all the human intervention and manual processes meant lengthy delays, along with sporadic identification and lackluster correction of exception items. Ralph Lauren came to the decision to automate the manual reconciliation processes with Trintech’s reconciliation solution.
Since implementing Trintech’s reconciliation solution, Ralph Lauren has seen the following ROI:
Panera uses Trintech’s reconciliation solutions for its reconciliation processes to increase visibility and control depository accounts, credit cards and general ledger accounts – all in Excel. Due to the company’s rapid growth, Panera Bread Company had done everything they possibly could in-house and needed to implement an automated solution to keep up with the pace. There were several key requirements for this reconciliation solution including the ability to seamlessly integrate…View Customer