David Lloyd Leisure deploys new cash reconciliation platform

David Lloyd Leisure has selected Trintech's ReconNet platform to help improve daily productivity and increase reporting and financial controls.

ReconNET will be used by the leisure firm to automate the verification and reconciliation of its cash and credit cards, and will enable the firm to increase reporting and financial controls.

"We were familiar with ReconNet's capabilities from a prior business relationship," said Jason Smith, head of finance at David Lloyd Leisure. "We knew we wanted the same scalable system with us here. ReconNet will streamline daily reconciliations, reduce costs, and help us gain greater reporting and financial controls."

The installation of ReconNet will improve processes for the reconciliation of bank deposits, and enable reconciliation to occur daily instead of monthly.

Additionally, the ReconNet system will deliver real-time management reporting and risk analysis to business managers to enhance their key decision-making processes.