Ahold Delhaize’s preparation and review of monthly reconciliations was a daunting and time-consuming task with no visibility into whether reconciliations and closing tasks had been completed on time, if supporting documentation was attached, or more importantly, if there were any issues that needed to be resolved. They wanted increased control and visibility of their general ledger reconciliation, and improved efficiency.
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.
G6 Hospitality Uses Trintech’s Reconciliation Solution for its Account Reconciliation Process to Eliminate Manual Spreadsheets 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…
Susan G. Komen
Susan G. Komen was looking for an automation solution that could eliminate its manual efforts, improve productivity and provide greater visibility and control over its financial processes. Since implementing Trintech’s solutions, Susan G. Komen has saved hundreds of thousands of dollars every year.
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.
Jenny Craig struggled with a severely delayed month-end close with exception items slow to be discovered and corrected. With new management and accounting personnel in place, Jenny Craig deployed Trintech’s reconciliation solution and enlisted Trintech for training. Since implementation, the department is realizing the following ROI:
Commerce Bank Selected Trintech’s Reconciliation Solution for its Flexibility and Adaptability Commerce Bank has led the way in banking innovation, establishing the country’s first 24-hour transit department, introducing the first full-scale International department and offering the first bank card to have the combined feature of a credit card and an…
Yum! Brands Uses Trintech’s Reconciliation Solution for its Depository Accounts, Credit Cards and Gift Cards Yum! Brands is an American fast food company. A Fortune 500 corporation, Yum! operates the licensed brands Taco Bell, KFC, Pizza Hut, and WingStreet worldwide. Based in Louisville, Kentucky, it is one of the world’s…
Siemen’s account reconciliation process was decentralized between each of the company’s business units. Many locations relied on Excel and multiple shared directories to perform general ledger account reconciliation. Siemens wanted an efficient, automated solution that could integrate with their complex ERP environment.
Panera Bread Company
Panera Bread Company’s Finance Department had done everything that it possibly could in-house. The company was reconciling 650 cash depository accounts, credit cards and general ledger accounts – all in Excel. But with the company’s tremendous growth, Finance found itself needing an automated solution that could help it keep up with the pace.