Case Study: Northern Tool + Equipment halves reconciliation time and avoids added headcount with Trintech ReconNET

Northern Tool Implements Trintech’s Cloud-based Solutions and Quickly Cuts Reconciliation Time in Half

Northern Tool + Equipment, a family-owned retailer with 90 stores and a large online catalog, faced time-consuming, manual month-end bank-to-book reconciliations handled by a lean accounting staff using Excel. The cumbersome process created long close cycles (about two weeks), delayed exception identification, and placed heavy burden on a single employee.

The company deployed Trintech’s ReconNET and DataFlow in a SaaS environment to automate validated bank-statement downloads, deposit reconciliation, exception identification, reporting and approvals. Daily reconciliation time was cut in half, month-end close accelerated, discrepancy notifications became immediate, audit compliance improved, and Northern Tool avoided adding staff—saving more than $45,000 annually.

Northern Tool + Equipment

Lynn Bemis

Controller