Trintech for Retail & eCommerce
For retailers, large volumes of transactions make it nearly impossible for finance and accounting teams to manage manually. Combine this with changing payment trends and higher expectations for business insights, and it’s clear that your finance office needs an AI-powered upgrade.
- 99%+ Auto-Match Rates
- 96%+ Decrease in Time Spent on Daily Recs
- 35%+ Increase in FTE Productivity
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Effectively Manage High-Volume Reconciliations Using AI-Powered Solutions
Leading retailers know that they must adapt and modernize their financial close process to effectively close the books and keep up with the fast-paced, evolving world. Inefficient processes and inconsistencies can cause errors in data that lead to major losses, especially when dealing with a high volume of transactions, inventory, vendors, and employee payroll.
With Trintech, you can customize your reconciliation and close process to meet the unique accounting requirements of your business, including the ability to run automated, high-volume multi-way matching and balance sheet reconciliations daily. Trintech’s reporting capabilities can also ensure compliance with reporting standards and regulations, giving you confidence in your numbers.
Real Results from our Retail Customers…
90%+ decrease in reconciliation time
97% decrease in time spent on exception management daily
Nearly 100% auto-match rate across 325 dealerships
Retail Financial Close Automation Use Cases
- Retail Point of Sale (POS): Reconcile all POS sales, tenders, returns, and taxes to the general ledger daily, so store-level performance and positions are accurate every day.
- Credit Card Authorization & Batch Settlement: Match card authorizations to settlement batches, processor reports, and bank deposits, and confirm all fees or chargebacks are fully understood.
- E-Commerce Payment Gateway Reconciliation (Stripe, PayPal, Klarna): Reconcile e-commerce orders to gateway transactions, payouts, and bank deposits to ensure online sales, refunds, and fees are accurately recorded across digital channels.
- Store-level Daily Sales Close Automation: Standardize and automate store closing processes by reconciling daily sales reports and tenders to expected deposits and journal entries, providing near real-time P&L visibility.
- Promotional Allowances, Accruals, & Discounts Journal Entry Automation:Automatically calculate and post journal entries for promotions, markdowns, vendor allowances, and related accruals so margin impact is accurately reflected, and promotional activity is audit ready.
A Solution that’s Tailored for Retail
The complex nature of retail organizations brings about unique challenges that we are able to help with.
Reimagine Your Close with Retail Accounting Automation Software
Automated Reconciliation for High-Volume Transactions
Discrepancies between the transactions recorded in the POS, merchant files, bank statements, and ledgers can create confusion and slow down the close. Gift cards, eCommerce, third party services, and more add even more complexity in retail. For high-volume transactions, AI transaction matching improves efficiency while reducing time spent reconciling.
Focus On Exceptions, Not Matching
Trintech’s AI reconciles thousands or even millions of transactions within defined thresholds, variances and tolerances set by users, so your team can focus on complicated exceptions, not mundane matching. Run your reconciliations daily, so you’re caught up before month end and reduce write-offs that take away from the bottom line.
Full Audit Trail to Ensure Compliance for eCommerce
E-commerce retailers that sell through third-party platforms need to meticulously track transactions to properly reconcile different sales taxes, 1099-Ks, returns, and chargebacks and to record revenue overall. Trintech delivers comprehensive workflow management that offers highly visible workflows and a complete audit trail.
Timely and Accurate Reporting
Trintech allows teams to produce accurate financial reports with intuitive reporting features, configurable templates, and automated data consolidation. This provides better visibility into cash flow, inventory management, and other key financial data to ensure you’re always up to date on financial status.
A major focus area for us is line-item matching, especially because we have a very high volume of e-commerce accounts to reconcile. By increasing automation in this area, we can significantly reduce manual workloads for accountants across the globe and allow them to focus on higher-value activities.”
Reporting is a big plus for us. We’ve created numerous customer reports with the data now available and can share them quickly with our stores, district managers, and loss-prevention personnel. Management enjoys and has grown to depend on the information.”
The Trintech Difference
Trintech’s AI Financial Close platform supports the most complex, high volume, and multi-way matching scenarios in the industry – on a daily basis. Through speed and agility, Trintech helps the world’s leading retailers focus less time on the close process, and more time creating better customer experiences.
See What Your Colleagues Are Achieving
How Abercrombie & Fitch Scaled to 150 Million Transactions a Year Without Adding Headcount
Read Case StudySince implementing, Abercrombie & Fitch has:
- Automated 150M+ transactions annually
- Streamlined 200+ accounts and 800 transaction types (Apple Pay, Klarna, PayPal, etc.)
- Maintained growth with same headcount since 2005
With Trintech, I can tell you exactly which transaction wasn’t settled and why. This allows us to troubleshoot and mitigate our losses time and time again.”
RaceTrac Fuels Reconciliation Efficiency with Trintech & Workday
Read Case StudySince implementing, RaceTrac has:
- 100% account reconciliation coverage
- Daily reconciliation visibility for leadership
- Proactive error detection before month-end close
We perform daily reporting on reconciliation status. Leaders now have a clear, holistic view of reconciling items, significantly improving our understanding of potential P&L impacts.”
Retail Reconciliation Reinvented: Marks & Spencer’s Journey to Scalable, Store-Level Automation
Read Case StudyHighlights:
- 20,000+ transactions reconciled weekly across 1,500+ global stores
- Store-level reconciliation accelerates exception resolution and prevents lost interest
- Significant cost savings from automated, scalable reconciliation and faster reporting
We are more in control of the information and payments from the bank. Timely reporting enables checking of banks credits, which means late credits are acted upon and we don’t lose out on interest. These factors have translated into significant cost-savings for M&S.”
From 2 Days to 6 Hours: How Five Below Reduced Credit Card Reconciliation Time by Up to 75%
More Videos
Northern Tool – How the Retailer Got Their “Cleanest Books In Years”
Learn how Trintech’s Cadency solution helped retailer Northern Tool gain better visibility into the month-end close, leading to their cleanest books in years.
Adidas: Scaling Global Finance with Trintech Automation
Kroger Creates Efficiencies & Finds a Strong Partnership with Trintech
See how Kroger, a 20-year Trintech customer, achieves greater financial standardization and fewer accounting errors with Trintech’s ReconNET for high-volume transaction matching.
Ahold Delhaize Uses Cadency by Trintech to Deliver Next-Level Visibility on a Global Scale
Learn how Ahold Delhaize, one of the world’s largest food retail groups, gained better account control with real-time monitoring, global-level visibility and detailed reporting of their financial close with Cadency by Trintech.
Trintech and Your ERP
Trintech offers certified, direct ERP connectors for providers such as Workday, SAP, Oracle and Microsoft Dynamics, so ERP integration is faster, easier and more secure.
FAQs
What challenges does Trintech solve for retail finance teams?
Retailers face high transaction volumes across multiple channels—stores, e-commerce, and third-party delivery platforms. Trintech eliminates manual reconciliation bottlenecks by automating over 90% of daily, monthly, and periodic reconciliations, ensuring accuracy, speed, and audit readiness. This reduces fraud risk, improves cash visibility, and frees finance teams to focus on strategic decisions.
How does Trintech’s retail transaction matching software handle millions of transactions?
Trintech’s AI matching engine supports 1:1, 1:many, and many:many matching across POS, gateways, processors, and banks, achieving 99%+ auto-match rates.
How does Trintech support retail eCommerce accounting solutions?
Trintech automates reconciliation of Stripe, PayPal, Klarna, and other gateways by matching orders, payouts, refunds, fees, and chargebacks to bank and ERP data.
Can Trintech support global, multi-entity retail organizations?
Trintech’s platforms are designed for multi-entity and multi-currency environments, consolidating reconciliations across geographies into one auditable view. This enables standardized close processes worldwide while supporting regional tax rules, POS integrations, and localized compliance requirements.
How does retail accounting automation software reduce exceptions and write-offs?
By reconciling transactions daily and prioritizing only high-risk exceptions, Trintech helps retailers resolve issues early and significantly reduce write-offs.
