Trintech's ReconNET Selected by TUI Northern Europe
TUI Northern Europe has selected Trintech’s ReconNET to automate the verification and reconciliation of cash banking and credit card transactions, including foreign currency deposits from Forex Bureaus distributed throughout its 1,100 agencies. Additionally, the solution automates the verification and reconciliation of the company’s principal disbursement account. The ReconNET solution replaces a heavily customized third-party system that required time-consuming and labour-intensive reconciliation and research processes. It will help streamline cash management processes, increase internal controls, and provide effective risk management and reporting across the company’s UK, Ireland, and Nordic agencies.