Chesapeake System Solutions, Inc.Â®, a provider of integrated financial governance, risk management and compliance software solutions to the worldâs foremost enterprises, announced today that Cellular South, the nationâs largest privately held wireless provider, has automated account reconciliation functions with its T-RecsÂ® Enterprise system. T-Recs is a comprehensive, process-driven solution capable of reconciling every account in an enterpriseâs General Ledger. In addition, Cellular South is using the Chesapeake IDMâ¢ (Internet Data Manager) solution to retrieve third-party financial data automatically over the Internet, streamlining data collection of bank and credit card data. Cellular South, which operates three call centers in its footprint and more than 85 retail locations, automated its depository, lock box, credit card and gift card accounts on T-Recs Enterprise.
T-Recs Enterprise transforms the reconciliation process, delivering the advanced functionality and processing power required to prevent fraud, manage risk and automate reconciliation. T-Recs Enterprise offers not only the flexibility to incorporate customer-defined data characteristics and business processes, but also the scalability needed to accommodate increasing transaction volume as a business grows.
Ben Pace, Chief Financial Officer of Cellular South, says, âThe transition to T-Recs Enterprise and Chesapeakeâs IDM was smooth and efficient. Within two monthsâ time, Cellular South was in production with T-Recs Enterprise. Thus far, weâve been pleased by the increased speed, efficiency and accuracy that automated account reconciliation has brought to our financial operations.â
Sheila Anderson, Senior Financial Consultant, Chesapeake, says, âReconciliation is a critical internal control for all organizations. Whether the challenge is certifying General Ledger balances and transactions, or assuring that credit card/deposit transactions are accurately posted, T-Recs Enterprise possesses all the functionality required in one enterprise-wide system. T-Recs Enterprise provides the framework to support all of an organizationâs internal control and compliance requirements, while providing the financial transparency organizations need to assure financial statements are accurate.â
Chesapeake System Solutionsâ T-Recs Enterprise is available as a licensed software offering, a hosted solution, a Software-as-a-Service (SaaS) solution and an outsourced service. The firmâs other financial governance, risk management and compliance software solutionsâSmartAnalysisÂ®, SmartTreasuryÂ® and Unclaimed Property Compliance System (UPCSÂ®)âalso are offered in licensed, hosted, SaaS and outsourced versions. All Chesapeake products are backed by an outstanding customer support team and application-unique training courses designed for every experience level.