Fitness First, a leading fitness and health company decided to automate their account reconciliation with Adra to increase flexibility and improve efficiency. Sean Allen, Treasury Controller, Fitness First UK tells us how easy and fast the accounts reconciliation process is using ACCOUNTS.
The process prior to using Adra ACCOUNTS involved a considerable amount of manual work as our existing software programme would only match approximately 40% of transactions. It would take on average 3 days to complete the whole process. We needed an automated reconciliation processes which is why we got in touch with Adra ACCOUNTS.
The implementation process was quick and easy
The implementation process was quick and relatively stress-free. Despite the format of the information being vastly different, as we changed banks, Adra’s software managed it without any problems.
We use Adra ACCOUNTS for the month-end close to reconcile our two most transaction-intense accounts.
Adra ACCOUNTS saves us a lot of time
Previously this would take us over 3 days to process but with the new system, the bank reconciliation takes just a few hours, allowing me time to focus on other tasks I am responsible for that require more manual attention. Thanks to the speed of the system, I can make corrections prior to shutting down accounts, making reconciliations work as it should, rather than having to correct items a month after the event.
Adra ACCOUNTS also saves me time by highlighting any anomalies.
About Fitness First:
Fitness First is a global fitness brand with 320 clubs worldwide, reaching over 852,000 members in 16 countries.
Fitness First is proud to partner with the British Olympic Association (BOA) as its first-ever Official Fitness Partner, supporting Team GB athletes as they embark on their road to the Rio 2016 Olympic Games. Fitness First is also a member of ukactive, the not-for-profit trade body that incorporates both private and public providers of fitness, physical activity, nutrition and active lifestyles.