Case Study: Specsavers achieves greater visibility, control and automation of reconciliations with Trintech's Cadency

Specsavers Increases Visibility and Control Over Reconciliation and Financial Close Processes

Specsavers, a leading optical and audiology retailer with more than 2,500 locations across 11 countries serving 40 million customers, faced a highly manual, spreadsheet-dependent reconciliation and financial close process. Multiple systems, inconsistent practices across sites and limited visibility increased risk and consumed excessive time and effort for their finance teams.

Specsavers implemented Cadency by Trintech, rolling it out across hundreds of entities to standardize and automate balance-sheet reconciliations. The centralized, risk-based solution now runs 115,000 reconciliations monthly with about 90% automated, delivering greater visibility, fewer errors, reduced risk and significant time savings while enabling continued global scale and further close-process automation.

Specsavers

Simon Ward

Finance Solutions Lead, Finance Operations