Case Study: Chadwicks Group speeds month-end close with Cashbook bank reconciliation

Chadwicks Group cuts month-end close to 3 days with Cashbook

The customer, Chadwicks Group, a major Irish builders' merchants, faced significant challenges with their previous bank reconciliation automation vendor, including a lack of system development, poor support, and a highly manual matching process. This led them to seek a new solution from vendor Cashbook to automate and transform their reconciliation process.

Cashbook implemented a customized bank reconciliation solution that integrated with the customer's dual general ledger feeds and incorporated specialized file enhancers and automated matching rules. This resulted in a faster month-end close, reducing the process from a week to just three days. The solution automatically matches 75-80% of transactions, approximately 17,000 per period, freeing the team to focus on higher-value activities.

Chadwicks Group