Smiling Caucasian female worker with short blonde hair and eyeglasses using cash register while standing in bicycle store.

Simplifying the Close for Retail & eCommerce

As a finance and accounting team within the retail industry, you are expected to manage large volumes of transaction data, keep up with changing payment trends, provide business-critical insights as the economy shifts, and more. As your organization grows and the world of e-commerce enables consumers to buy more goods at a faster pace, the demands and expectations of the Office of Finance increase in tandem.

Trusted By:

Effectively Manage High-Volume Transactions While Providing Valuable Insight to the Business

Leading organizations know that they must adapt and modernize their financial close process in order to effectively close the books and keep up with today’s fast-paced world.

With the support of proven financial process automation, finance and accounting departments are learning to work smarter and more efficiently, ensuring their time and effort is focused on high-value activities that will drive the strategic direction of their organization.

Manage Data Across Complex Transactions

Focus on Exceptions While Managing Volume

Support Organizational Growth

Get your data right

Identify and organize your data more effectively from different sources of data such as credit and debit cards, cash, checks, giftcards, etc. Automated Matching improves efficiency and effectiveness, while subsequently reducing the monthly time spent reconciling.

Focus on what matters

Defined thresholds, variances, and tolerances on dates and amounts help drive up the automated match rate and reduce the time to manually match, allowing your teams to focus on exceptions.

Be proactive

With all financial close information in one place, your team can perform an in-depth analysis on your close data to further increase efficiency and improve accuracy, preparing your organization for future growth.

See What Your Colleagues Are Achieving

Since implementing Trintech, Ralph Lauren has achieved:

Reconciliation Time Cut from 4 Weeks to 1 Day — Now handled daily by a single employee.
Thousands of Dollars Saved Monthly — Significant reduction in cash shortages across stores.
260 Stores and 44 Bank Account Automated — Streamlined daily funds verification and exception handling.
Accelerated Month-End Close — Faster GL uploads of O&S, NSF, and bank fee data.

“The process that used to take four weeks and multiple people now takes one person less than a day.”

Ralph Lauren

woman working in dark room making an online purchase with a credit card

By using Adra, Bransdal Group was able to:

Spend less time on manual reconciliation tasks
Gain visibility and control of tasks
Complete documentation for internal control and the auditor

Having a system that handles the identification while managing the progress of balance reconciliation created value for us. We have a better overview of whether we’re on track for the month-end.”

Kjetil Homme Berntsen Accounting Manager

By using Adra, Hobbycraft were able to:

Resolve exceptions quicker
Gain confidence in the accuracy of their numbers
Improve their processes to refocus times on higher value-add tasks

It was critical that we made sure to implement a solution that captured thatknowledge so that all our processes were well documented and visible to ournew and existing team members. With Adra, we now have a robust tool inplace, and I no longer have to worry about a single point of failure.

Russell Harrison CFO

Workday Packaged Solutions

Packaged Solutions automate complex account reconciliations and high-volume, multi-source transaction matching based on deep retail industry knowledge and experience to streamline the financial reconciliation and close process within Trintech while optimizing planning and consolidation in Workday.

Find out more

New Daily Recs Feature in Cadency

The new Daily Recs feature in Cadency is especially helpful to those in the banking, financial services and industries. For organizations that must perform daily reconciliations, this allows them to comply with regulatory requirements, reduce risk, and see their financial position throughout the month, not just at month-end.

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.

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.

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.

Connect Your Data with Our Universal Plug and Play ERP Integrations

What is needed to transform and revolutionize the Office of Finance is an enterprise system of controls that enables an efficient close with accurate and reliable reporting. This system of controls needs to work closely with your financial system of record, for example, your ERP system, to enable activities such as transaction account matching, GL reconciliations, close tasks, journal entries, or even compliance testing while extending into your Office of Finance’s ecosystem for controls in treasury, tax, reporting and more.