Case Study: Central England Co-operative achieves faster, more accurate cash reconciliation with Aurum Solutions

Co-op - Customer Case Study

Central England Co-operative, a retail business, faced a significant challenge in managing the accurate reconciliation of its diverse and high-volume payment streams, which included cash, credit cards, and cheques. The manual processes were time-consuming and created pressure on their finance teams to maintain an accurate cash position while minimizing financial risk. They turned to Aurum Solutions for a comprehensive reconciliation solution to address this.

Aurum Solutions implemented its bank reconciliation software, which automated the ingestion of data, transformation of files, and matching of transactions. This automation freed up staff time by handling the bulk of the reconciliations and intelligently managing exceptions. The result was immense time savings for the finance team and the guaranteed maintenance of an accurate cash position, which drastically reduced the Co-operative's financial exposure. Aurum's scalable solution also provided robust audit trails and search functionality for future needs.

Central England Co-operative

Leanne Cox

Senior Banking Administrator