TUI Northern Europe selects Trintechs ReconNET

Monday 28 February 2005 18:05 CET | News

TUI Northern Europe, a division of TUI AG, the worlds largest tourism and services group, selected Trintechs ReconNET to automatethe verification and reconciliation of cash banking and credit card transactions, including foreign currency deposits from Forex Bureaus distributed throughout its 1,100 agencies.

Additionally, the solution automates the verification and reconciliation of the companys principal disbursement account. TUI Northern Europe owns many of Europes best-known holiday brands, and provides its traveling customers in the United Kingdom, Ireland, Sweden, Norway, Denmark and Finland with world-class vacation experiences through its airlines, tour companies and travel agencies. The ReconNET solution replaces a heavily-customized third-party system that required time-consuming and labor-intensive reconciliation and research processes. ReconNET streamlines cash management processes, increases internal controls, and provides effective risk management and reporting across the companys UK, Ireland, and Nordic agencies.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce