Retailer Faber, Coe & Gregg has selected Trintech’s 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. Further, 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.
Faber, Coe & Gregg operates shops offering news, gifts, books, and cafs in airports, train stations, hotels, office buildings and highway rest stops.