Case Study: Stonegate Group boosts reconciliation accuracy and match rates with Aurum Solutions

Stonegate Group boosts match rates by 50% with Aurum Solutions

Stonegate Group, the UK's largest pub company, faced a significant challenge with its semi-automated reconciliation process. Manually handling thousands of daily transactions across banking, treasury, and control was time-consuming and prone to error. They sought a seamless solution to reduce workload and improve accuracy, leading them to partner with Aurum Solutions and its automated reconciliation software.

Aurum Solutions implemented its software in a phased approach, targeting banking, treasury, and control processes. The solution provided rules-based automation, three-way matching, and real-time visibility, which eliminated manual data handling. The results were substantial, saving four hours daily and achieving a 50% increase in automatic match rates, which rose to 85%. Stonegate reported greatly improved data visibility and ease of use.

Stonegate Group