Somerston Hotels has selected Trintech’s ReconNET in an attempt to improve reconciliation and exception management processes while increasing operational efficiencies. “We’re growing at a rapid pace, and our existing reconciliation methodology is no longer efficient in terms of time, labour, and control,” said Janet Towers, finance director at Somerston Hotels. “With the aim and potential to double in size in the next few years, we wanted a scalable solution that will grow with us, as well as one that will streamline daily reconciliations, speed the identification of exceptions, increase resolution efficiencies, reduce operational costs, and help us improve reporting and gain greater financial controls.” Trintech say that the scalability of the system will give Somerston the ability to grow without the need to add the cost of additional personnel to manage processes underpinned by ReconNET.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more