Case Study: Dion Oil reduces bank reconciliation time with FACTOR

Dion Oil - Customer Case Study

Dion Oil Company, LLC., a Key West, Florida convenience store operator with 12 stores under the Dion’s Quik-Marts label, needed a faster and more accurate way to reconcile five bank accounts each month. Before working with FACTOR, the company spent nearly 24 hours a month on manual bank reconciliation and had to wait until month-end to find errors.

Dion Oil implemented FACTOR’s Bank Reconciliation module to automate deposit reconciliation and support daily verification. The result was a reduction in reconciliation time from nearly 24 hours a month to just 90 minutes, while also allowing the team to identify and correct problems as they happened.

Dion Oil

Suzanne Banks

CEO