United Cinemas International Automates Reconciliation and Tightens Cash Controls with Trintech

Monday 12 January 2004 11:24 CET | News

United Cinemas International (UCI), has selected ReconNET 6.6 to automate the verification and reconciliation of its cash banking and credit card transactions.

ReconNET also enables UCI to streamline its cash management processes, and provide effective risk management and reporting across its UK and Ireland cinema estates. UCI (UK) is a wholly-owned subsidiary of the UCI Group, a joint venture owned equally by Universal and Paramount. The UCI Group specializes in the multiplex segment of the film exhibition market and has achieved a leading position in all the major territories in which they operate. UCI has cinemas in the UK, Ireland, Austria, Germany, Italy, Spain, Poland, Japan, Taiwan and Brazil. The installation of ReconNET 6.6 is part of the companys ongoing efforts to increase control, compliance and effectiveness of its reconciliation and transaction management practices at its UK Headquarters in Manchester, England. ReconNETs powerful reconciliation algorithms streamline many complex transaction-matching routines that had been entirely manual in the past. ReconNET gives UCI the ability to identify exceptions within one business day instead of after a month or longer.

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Categories: Payments & Commerce | Payments General
Countries: World
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