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.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.