Case Study: American Petroleum reduces bank reconciliation time with FACTOR

Eliminating the Struggles of the Manual Bank Reconciliation Process

American Petroleum, Inc., a growing company operating five convenience stores under the Gallops brand and a wholesale fuel business, was spending nearly 16 hours each month on manual bank reconciliation. The end-of-month process was slow, error-prone, and delayed visibility into cash balances for each location.

American Petroleum chose FACTOR’s Bank Reconciliation module to automate deposit reconciliation and daily verification. With FACTOR, the company cut reconciliation time from nearly 16 hours a month to 30 minutes, a 97% reduction, while improving accuracy and giving its owner daily visibility into cash flow for each store.

American Petroleum

Sara Hoover

American Petroleum