BrightHouse has selected Trintech’s ReconNET solution to improve its operational reconciliation process efficiency. RecoNET is a component of Trintech’s Unity Suite platform, designed to automate the so called ‘Last Mile’ of Finance. BrightHouse a leading UK ‘rent-to-own company’, provides branded household goods to customers on affordable weekly payments through over 230 retail stores nationwide.
“ReconNET allows BrightHouse to manage the reconciliations for the high volumes of transactions that we have coming from over 230 stores throughout the UK that need to be reconciled with our GL system” said Karen Maher, Cash & Treasury Manager, BrightHouse. "At BrightHouse we offer customers a variety of payment methods to suit their needs. This results in complex reconciliations and we required a robust, easy to administer solution that could scale to match our ambitious growth plans for this year."
BrightHouse selected Trintech’s Unity ReconNET solution to manage complex reconciliations and to improve efficiencies through automation. The Unity ReconNET solution enables the company to, deliver very high match rates and allow finance to control all the administration and rules of the solution.
The solution remove significant levels of manual work from the daily reconciliations, allowing faster allocation of cash, real-time visibility of reconciled and unreconciled items and easier compliance with internal policies and procedures for cash management. The solution allows user to detect, flag and resolve issues early in the process using rules based workflow.
“BrightHouse joins Trintech's growing client base proving the power of Trintech’s technology to deliver ROI and efficiencies for core finance processes that are not supported by most GL and ERP solutions today. The adoption of the solution turns an inefficient manual exercise into an automated, daily, controlled and enhanced process,” said Tony Bethell, Trintech Vice President, EMEA.
