Faber, Coe & Gregg Selects Trintechs ReconNET

Monday 22 November 2004 00:59 CET | News

Faber, Coe & Gregg has selected ReconNET to automate the verification and reconciliation of bank deposits for its 70 locations.

The installation of ReconNET will enable the company to perform daily deposit verification and reconciliation to reduce costs and gain greater reporting and financial controls. Faber, Coe & Gregg, founded in 1848, operates shops offering news, gifts, books, and cafés in airports, train stations, hotels, office buildings and highway rest stops. Faber specialty shops can be found from Chicago to Miami Beach. The installation of ReconNET will eliminate manual processes for reconciliation of deposits, and enable reconciliation to occur daily instead of monthly. The improved timeliness of deposit verification will allow Faber to detect and resolve any discrepancies quickly, reducing write-offs for unknown variances.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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

Payments & Commerce