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.