Case Study: Ferraro Foods cuts close time and streamlines reconciliations with Planful and Trintech

Ferraro Foods cuts close time 55% with Planful

Ferraro Foods, a company delivering products to over 8,000 customers, faced challenges gaining an accurate and timely view of its financial performance as it grew. With financial data residing in two ERP systems and a manual, spreadsheet-driven close process, errors were often found too late. The company turned to vendor Planful for financial planning and close and also implemented Adra by Trintech to address its reconciliation challenges.

By implementing Planful and Trintech's Adra Matcher, Ferraro Foods automated its reconciliation workflows and gained control of its financial close calendar. The solution saved the accounting team approximately eight hours of effort per day, allowing them to focus on more valuable work. This led to a dramatic reduction in their close cycle time, from 10 business days down to just 4.5 days.

Ferraro Foods