Case Study: Bangor Savings Bank automates reconciliations and cuts manual work by 80% with Trintech

Bangor Savings Bank Automates Reconciliations, Cuts Manual Work by 80%, and Future-Proofs Finance Operations with Trintech

Bangor Savings Bank faced significant operational risk and inefficiency due to heavily manual, Excel-based reconciliation processes. These error-prone, labor-intensive workflows were buckling under the pressure of increasing transaction volumes, prompting the bank to seek a scalable solution from vendor Trintech.

By implementing Trintech's automated reconciliation platform, the bank achieved a 90%+ automated match rate and slashed its manual workload by 80%. This allowed the finance team to handle over 30,000 transactions daily without increasing staff, future-proofing their operations and enabling them to support rapid business growth and new fintech partnerships effectively.

Bangor Savings Bank

Christine Varisco

Accountant Analyst