Case Study: Fiesta Insurance Franchise Corporation achieves 95% faster reconciliations and major cost savings with ReconArt

Fiesta Insurance Franchise Corporation - Customer Case Study

Fiesta Insurance, a franchise network serving Hispanic communities with 125 storefronts, was struggling with highly manual bank reconciliations and QuickBooks capacity limits—previously requiring five people and about 36 hours per day to complete reconciliations. To automate matching of electronic bank feeds and its proprietary management system, Fiesta selected ReconArt reconciliation software.

ReconArt was deployed at Fiesta’s head office to automatically match internal MIS data with bank feeds (Wells Fargo, Bank of America, JPMorgan Chase) and went live in weeks as a cloud-managed solution. ReconArt enabled Fiesta to consolidate accounts to 12, cut daily reconciliation time by ~95% (from 36 to 2 hours), reduce staff involvement despite 2.5× store growth, process a California account with ~70,000 monthly transactions, improve exception handling and reduce fees—delivering immediate ROI (Fiesta estimates it would have needed 15 finance staff without ReconArt).

Fiesta Insurance Franchise Corporation

Diane Chaidez

Controller