Whitbread Group PLC Selects Trintechs ReconNET Suite

Monday 20 October 2003 14:18 CET | News

Whitbread Group PLC, the UKs leading hotel, leisure and restaurants group, has selected Trintech ReconNET 6.6, ReconNET Online and ExecuNET to automate reconciliation of its deposit and credit card transactions, streamline its cash management processes, and provide effective risk management and reporting across its businesses.

Whitbread Group PLC has more than 1,300 UK locations under such household names as Travel Inn, Marriott Hotels, Beefeater, Brewers Fayre, Brewsters, Costa, TGI Fridays, Pizza Hut, and the market-leading David Lloyd Leisure brand. 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 Luton, England. In addition to benefiting from ReconNETs core reconciliation features, Whitbread will use ReconNET Onlines web-based capabilities to streamline communication between the head office and field-based auditors. Field auditors will gain access to real-time transactional information relating to their outlets, and have a web-based interface to track and respond to outstanding transactions identified by the head office that require investigation. Whitbread will monitor its overall financial performance and trends using ExecuNETs interactive analysis dashboard, which enables the company to review and drill down into their organizational hierarchy from division to area, and finally to individual outlet and bank account transaction information.

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Categories: Payments & Commerce | Payments General
Countries: World
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