John Lewis Partnership has selected Gresham Computing’s Clareti Transaction Control solution (CTC) to automate complex aspects of the general ledger reconciliation. The system will replace manual spreadsheets and is expected to deliver significant time and cost savings to the business together with additional controls.
Automating General Ledger reconciliations will enable the Partnership to quickly match data from various sources on a single control platform, the company claims. With CTC, John Lewis can obtain an up to date list of unmatched items instantly, allowing staff to focus on resolving any errors that occur.
CTC was selected following a competitive pitch process which included a proof of concept. The Partnership was reported to be impressed by CTC’s ability to rapidly on-board reconciliations in line with the needs of the business.
“The John Lewis Partnership is one of the UK’s leading retailers. I am delighted they selected our CTC matching and reconciliation platform to automate this aspect of their business,” said Chris Errington, chief executive officer for Gresham Computing.