Aetna Selects Chesapeake’s T-Recs Enterprise for Global Treasury Operations

Chesapeake System Solutions has announced that health care company Aetna has selected T-Recs Enterprise solution to automate reconciliation of its global accounts. T-Recs Enterprise, which stands for Total Reconciliation Solution, is an all-in-one software application that the company claims allows firms to reconcile the entire balance sheet and meet their financial governance, enterprise risk and compliance needs in an integrated solution. Ken McClellan, project manager on AIS corporate program delivery, says, “Through acquisitions, Aetna’s treasury operations unit became responsible for several foreign currency accounts that staff could only reconcile with manual conversions to US dollars. Aetna needed a system with a global monetary unit capability to automate foreign account reconciliation.”


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