More NewsLove’s Country Stores Improve Treasury Operations with GTreasury

Love's Country Stores Improve Treasury Operations with GTreasury

Love’s Country Stores has become more efficient with minimal increases to staff through treasury automation with GTreasury treasury workstation software. The software-as-a-service (SaaS) treasury management software automates all treasury tasks, from cash position calculation, to electronic payment initiation, through general ledger reconciliation.

When a company grows, its employee base generally grows with it, on both the operations and administrative sides of the business. In the case of the treasury department of Love’s Travel Stops & Country Stores, a national chain of petrol stations and convenience stores, the business has grown while treasury department head count has increased by only one person – all while providing improved cash management and financial reporting.

Carol Willett, Love’s manager of treasury services, credit’s the company’s use of the GTreasury internet-based SaaS treasury workstation for the department’s ability to handle a radically increasing workload through treasury automation and forecasting. Love’s began using the treasury automation software in 1999 to better track its accounts and avoid time-consuming manual procedures.

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