{"id":29936,"date":"2024-05-03T15:33:52","date_gmt":"2024-05-03T15:33:52","guid":{"rendered":"https:\/\/www.trintech.com\/?post_type=case-study&p=29936"},"modified":"2026-01-20T17:38:48","modified_gmt":"2026-01-20T17:38:48","slug":"proshop-reduces-bank-reconciliation-process-from-5-hours-to-10-minutes","status":"publish","type":"case-study","link":"https:\/\/www.trintech.com\/case-study\/proshop-reduces-bank-reconciliation-process-from-5-hours-to-10-minutes\/","title":{"rendered":"Proshop Reduces Bank Reconciliation Process from 5 Hours to 10 Minutes with Trintech"},"content":{"rendered":"
\n\t
\n
\n
\n

Proshop Reduces Bank Reconciliation Process from 5 Hours to 10 Minutes with Trintech<\/h1>\n

Case Study<\/p>\n <\/div>\n

\n

Share<\/h2>\n
\n \n Email<\/span><\/span>\n <\/a>\n Twitter<\/span><\/span><\/a>\n Facebook<\/span><\/span><\/a>\n Linkedin<\/span><\/span><\/a>\n<\/div> <\/div>\n <\/div>\n\n \n\t<\/div>\n<\/div>\n\n\n\n

Business Drivers to Automate<\/h2>\n\n\n\n

As a rapidly growing ecommerce business, Proshop quickly found that their spreadsheet-dependent processes were becoming obsolete.
\u201cDuring COVID, we experienced tremendous growth as online purchasing soared,\u201d shared Erik Dam, Chief Financial Officer at Proshop. \u201cWe were spending 4-5 hours each day reconciling our bank statements, which would have up to 4,000 lines daily. If a mistake was made, our team would have to work backwards.\u201d<\/strong> Proshop knew that their manual bank reconciliation processes were not sustainable. \u201cWith the amount of growth we were experiencing, we didn\u2019t want to become dependent upon inefficient processes.\u201d<\/p>\n\n\n\n

\n
\n \"Professional\n\n <\/div>\n\n
\n
\n\n

Decision to Automate with Trintech<\/h2>\n\n\n\n

\u201cWe were really looking for a solution that would be easy to use
and easy to learn, since we would be using it daily,\u201d said Dam.
\u201cA member of the team recommended Adra by Trintech and we
quickly decided that it was a good match for our needs. The
implementation was easy, and the team was excited to adopt
the new solution.\u201d<\/p>\n\n<\/div>\n <\/div>\n<\/div>\n\n\n

\n
\n \"CFO\n\n
\n \n \n <\/svg>\n\n
\n

\u201cOut of approximately 6,000 daily
reconciliations, there might be 50 exceptions that need human intervention,
which only takes the team about 10
minutes to handle. Compared to the previous 4-5 hours spent daily on 4,000 line items, that\u2019s a huge win for us.\u201d
<\/p>\n <\/blockquote>\n\n

\n Erik Dam<\/span>\n \n Chief Financial Officer, Proshop<\/span>\n <\/figcaption>\n\n <\/figure>\n <\/div>\n\n
\n
\n\n

Solution in Action<\/h2>\n\n\n\n

\u201cSince implementing Adra by Trintech in 2021, we\u2019ve maintained our growth trajectory, going from 100 million to 500 million in annual revenue and from 4,000 to 6,000 line items on our bank statements daily. In fact, it\u2019s not unusual to have as many as 20,000 transactions on the Monday after Black Friday. This growth wouldn\u2019t have been attainable without Trintech<\/strong>,\u201d commented Dam. <\/p>\n\n\n\n

\u201cThe largest benefit we\u2019ve experienced has been significant time savings. Out of approximately 6,000 daily reconciliations, there might be 50 exceptions that need human intervention, which only takes the team about 10 minutes to handle. Compared to the previous 4-5 hours spent daily on 4,000 line items, that\u2019s a huge win for us.\u201d <\/p>\n\n\n\n

Aside from significant time savings, Trintech has also helped Proshop reduce risk and gain visibility across the reconciliation process. \u201cWe now have confidence in the completeness and accuracy of our figures<\/strong>,\u201d mentioned Dam. <\/p>\n\n\n\n

When asked what\u2019s next for Proshop and Trintech, Dam was positive about the future: \u201cAs we grow, it\u2019s vital that we are able to scale our processes to meet the demand. We\u2019re very happy with our Trintech investment \u2014 we couldn\u2019t live without the solution, and it\u2019s going to be integral for our future.\u201d<\/p>\n\n<\/div>\n <\/div>\n<\/div>\n\n

\n
\n
\n
\n\n
\n
\n

Read the Full Case Study<\/h2>\n\n\n\n

Discover key insights and actionable strategies by downloading our full case study.<\/p>\n\n\n\n

\n
Download Case Study<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n
<\/div>\n\n\n\n
\n

See Trintech in Action<\/h2>\n\n\n\n

Seeing is believing. Discover why Trintech is the real leader in financial close automation.<\/p>\n\n\n\n

\n
Book a Demo<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n<\/div>\n <\/div>\n <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Business Drivers to Automate As a rapidly growing ecommerce business, Proshop quickly found that their spreadsheet-dependent processes were becoming obsolete. \u201cDuring COVID, we experienced tremendous growth as online purchasing soared,\u201d shared Erik Dam, Chief Financial Officer at Proshop. \u201cWe were spending 4-5 hours each day reconciling our bank statements, which would have up to 4,000 lines daily. If a mistake was made, our team would have to work backwards.\u201d Proshop knew that their manual bank reconciliation processes were not sustainable. \u201cWith the amount of growth we were experiencing, we didn\u2019t want to become dependent upon inefficient processes.\u201d<\/p>\n","protected":false},"featured_media":29937,"template":"","topic":[69,70,71,67],"product":[82,240],"class_list":["post-29936","case-study","type-case-study","status-publish","has-post-thumbnail","hentry","topic-account-reconciliation","topic-financial-reporting","topic-improve-visibility","topic-increase-efficiency-effectiveness","product-adra","product-retail"],"acf":[],"lang":"en","translations":{"en":29936,"se":38029},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/case-study\/29936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/case-study"}],"about":[{"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/types\/case-study"}],"version-history":[{"count":2,"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/case-study\/29936\/revisions"}],"predecessor-version":[{"id":49089,"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/case-study\/29936\/revisions\/49089"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/media\/29937"}],"wp:attachment":[{"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/media?parent=29936"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/topic?post=29936"},{"taxonomy":"product","embeddable":true,"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/product?post=29936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}