List of Trintech ReconNET Customers
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Since 2010, our global team of researchers has been studying Trintech ReconNET customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased Trintech ReconNET for Financial Consolidation and Close from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using Trintech ReconNET for Financial Consolidation and Close include: TJX Companies, a United States based Retail organisation with 329000 employees and revenues of $30.55 billion, BAE Systems, a United Kingdom based Aerospace and Defense organisation with 111400 employees and revenues of $26.31 billion, Charles Schwab, a United States based Banking and Financial Services organisation with 33000 employees and revenues of $20.73 billion, Torrid, a United States based Retail organisation with 8000 employees and revenues of $1.29 billion, Cheddar's Scratch Kitchen, a United States based Leisure and Hospitality organisation with 6000 employees and revenues of $700.0 million and many others.
Contact us if you need a completed and verified list of companies using Trintech ReconNET, including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
The Trintech ReconNET customer wins are being incorporated in our Enterprise Applications Buyer Insight and Technographics Customer Database which has over 100 data fields that detail company usage of software systems and their digital transformation initiatives. Apps Run The World wants to become your No. 1 technographic data source!
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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BAE Systems | Aerospace and Defense | 111400 | $26.3B | United Kingdom | Trintech | Trintech ReconNET | Financial Consolidation and Close | 2019 | n/a |
In 2019, BAE Systems implemented Trintech ReconNET for Financial Consolidation and Close to standardize and automate balance sheet reconciliations across its finance organization. The rollout was aligned with a move to a Shared Services model intended to centralize reconciliation processes across its multiple ERP footprints including SAP, Oracle, and Sage.
Trintech ReconNET was configured to deliver automated bank reconciliations, apply a risk based account focus to reduce reconciliation volume, and surface centralized dashboards for finance leadership to drill down into account level risk. The implementation included over 300 automated bank reconciliations and the deployment of an automation bot that prepares reconciliations, advances items to review stages, and attaches supporting documentation automatically.
Operationally the solution was provisioned as a centralized Trintech environment operating alongside Cadency within the Shared Services Centers, with reconciliation data ingested via flat files from disparate locations into the Trintech platform. This created a single, standardized approach to balance sheet management on a global scale and enabled consistent processes and data aggregation across business units.
Governance and process transformation focused on standardizing workflows, instituting a risk based reconciliation strategy, and centralizing reporting and controls within the Shared Services model so that finance teams across regions had a unified control framework. Leadership gained real time visibility into the timeliness and accuracy of reconciliations through dashboards that permit drill down into individual accounts and risk items.
Outcomes documented by the program include fewer reconciliations through risk based account focus, greater control with reduced cost, enhanced visibility into balance sheet management, and a stated time saving of 13 hours per month on the reconciliation process following automation with Trintech solutions including Trintech ReconNET.
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Charles Schwab | Banking and Financial Services | 33000 | $20.7B | United States | Trintech | Trintech ReconNET | Financial Consolidation and Close | 2018 | n/a |
In 2018 Charles Schwab implemented Trintech ReconNET for Financial Consolidation and Close to centralize reconciliation and close workflows supporting its Procure to Payment operations. The deployment targeted finance and P2P transaction reconciliation as part of month end close orchestration and control activities across Schwab's operational finance landscape.
Trintech ReconNET was configured to run automated reconciliations, rule-based matching, exception management, and workflow-driven approvals, with audit trail and period close orchestration typical of Financial Consolidation and Close solutions. Configurations emphasized supplier statement reconciliation, account and bank reconciliations, and exception routing to finance and procurement teams to streamline control and review processes.
The implementation integrated ReconNET with Schwab applications explicitly cited in internal P2P tooling, including PeopleSoft FSCM, Ariba, Concur, Paymode-X and Bottomline payment applications, Archibus, Hiperos, Workday HR, CoStar, and the BO reporting system. These integrations positioned Trintech ReconNET as a reconciliation hub that fed validated balances and exception data into enterprise reporting and P2P analytics workflows.
Governance for the ReconNET rollout included assignment of a Senior Business System Analyst as a P2P subject matter expert responsible for application stewardship across Schwab P2P systems. Governance emphasized cross-functional coordination between finance, procurement, and IT for configuration changes, exception process definition, and ongoing operational support.
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Cheddar's Scratch Kitchen | Leisure and Hospitality | 6000 | $700M | United States | Trintech | Trintech ReconNET | Financial Consolidation and Close | 2015 | n/a |
In 2015 Cheddar's Scratch Kitchen deployed Trintech ReconNET as part of its Financial Consolidation and Close tooling. The deployment targeted daily reconciliation workflows across the restaurant estate and was operated by Sales Audit and Accounts Receivable personnel to centralize transaction-level close activity.
Trintech ReconNET was used to upload and reconcile daily restaurant transactions, and to support month end journal entry processing for Misc Cash and Corporate Deposits. Functional capabilities in use included transaction upload, automated reconciliation rules, and support for producing reconciled inputs to month end close activities, reflecting standard Financial Consolidation and Close workflows.
The ReconNET implementation operated alongside operational systems that supported front line cash and dispute workflows, including Issuetrak for charge and refund issue tracking, Valuetec for gift card activation and fulfillment, merchant services and American Express for chargeback resolution, and Solomon for client and employee setup. Daily cash handling, weekly check and cash processing for corporate deposits, credit card reconciliations, and chargeback case management were processed in these systems and reconciled through Trintech ReconNET.
Governance and operational coverage focused on Sales Audit and Accounts Receivable coordination across all restaurants, with ReconNET uploads performed daily and reconciliation responsibilities tied to month end journal entry preparation. ReconNET was therefore positioned as the central reconciliation ledger supporting close workflows for Cheddar's Scratch Kitchen within its Financial Consolidation and Close environment.
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Retail | 329000 | $30.5B | United States | Trintech | Trintech ReconNET | Financial Consolidation and Close | 2013 | n/a |
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Retail | 8000 | $1.3B | United States | Trintech | Trintech ReconNET | Financial Consolidation and Close | 2016 | n/a |
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Buyer Intent: Companies Evaluating Trintech ReconNET
- Koenig Solutions, a United Arab Emirates based Education organization with 58 Employees
- Teamtechnik, a United States based Retail company with 11 Employees
- Access Systems, a United States based Professional Services organization with 250 Employees
Discover Software Buyers actively Evaluating Enterprise Applications
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