Select Comfort Selects Trintech

Tuesday 14 September 2004 15:51 CET | News

Select Comfort, has selected Trintechs ReconNET to automate the verification and reconciliation of its bank deposits, credit card transactions and disbursements for its retail and distribution channels.

Select Comfort has also selected Trintechs DataFlow transaction network to complete the automation of its financial processes through collection, formatting and delivery of daily banking data. The combination of ReconNET with DataFlows service will streamline Select Comforts cash management and accounting processes, reducing effort and operational costs while increasing cash controls and use of available funds. In addition to streamlining its daily reconciliation processes, Select Comfort will also use ReconNETs Research module to manage research of non-matching transactions detected by the system, and the ACH module to automatically move available cash from local depositing banks to interest-bearing corporate accounts.

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

Payments & Commerce