Trintech Group Plc, a global provider of
secure electronic payment infrastructure solutions, announced that YUM!
Restaurants International, a division of YUM! Brands Inc. has
chosen ReconNET 6.1 to manage its reconciliation and cash management needs.
YUM! Restaurants International operates some of the world’s best known
quick-service restaurant chains, including KFC, Pizza Hut and Taco Bell. YUM!
Brands runs the operations of 30,000 restaurants in 100 countries around the
world. The installation of ReconNET 6.1 by the international division of YUM!
Brands is part of the company’s on-going efforts to centralize daily cash
management and reconciliation processes and provide a standardized methodology
across its restaurants. Implementation will begin in the UK and the
Netherlands, and extend to other countries as additional language versions of
ReconNET become available.
“By choosing Trintech’s ReconNET solution we are clearly demonstrating our
commitment to improving efficiencies that will lead to better performance and
ultimately improved customer service,” said Graham Hunt, Information
Technology Director, YUM! Restaurants International. “ReconNET is part of our
effort to monitor the performance of our restaurants in the UK and Netherlands
in a uniform way and leverage best practices from our highest-performing
“The addition of the international arm of the world’s largest restaurant
chain demonstrates the power of ReconNET 6.1,” said Randy Jesberg, General
Manager Funds Management Systems Division at Trintech. “Our ability to
seamlessly provide international support for ReconNET, coupled with its
demonstrably superior performance, made it the ideal choice for all YUM!’s
cash management and reconciliation needs.”
Among the more than 275 leading organizations using ReconNET are such
well-known companies as YUM! Brands, Target Corporation, Eddie Bauer, The
Limited, Radio Shack, Foot Locker, Best Buy, Hallmark Cards, Verizon Wireless,
Sprint PCS, Kroger, AMC Theaters, Budget Rent a Car, Outback Steakhouse,
Burger King, Wendy’s, and many others.
About ReconNET 6.1
ReconNET, part of Trintech’s PayWare suite of products, provides
enterprise reconciliation and exception management software for managing
multiple transaction types, including cash and check deposits, card payments
and disbursements, for verification, exception identification, resolution and
analysis. ReconNET facilitates much more than a simple matching process; the
real benefits are derived from identifying and managing exceptions, i.e., the
missing deposit, the fraudulent check, or the unresolved chargeback. Managing
exceptions efficiently with ReconNET enables organizations to optimize cash
flow, tighten internal controls and reduce costs.
About Trintech FMS
Trintech Funds Management Systems, a division of Trintech Group, offers a
unique combination of proven best practices, a comprehensive view of financial
information from store operations, accounting, and treasury to ensure that
management has the visibility, control and insight needed to make smarter and
faster decisions. Founded in 1987, The Trintech Group is a leading provider of
secure electronic payment infrastructure solutions for card-based transactions
for traditional commerce, eCommerce and mobile commerce. The company offers a
complete range of payment software products for credit, debit, commercial and
procurement card applications, as well as being a world leader in the
deployment of payment solutions for Internet commerce. Trintech can be
contacted in the US at 15851 Dallas Parkway, Suite 940, Addison, TX 75001
(Tel: +1-972-701-9802) and in Ireland at Trintech Building, South County
Business Park, Leopardstown, Dublin 18 (Tel: +353-1-207-4000). Trintech can
be reached on the Web at http://www.trintech.com.
About Yum! Restaurants International, based in Dallas, Texas is the
division of Yum! Brands that operates the five global brands, KFC, Pizza Hut,
Taco Bell, Long John Silvers and A&W outside the USA. Yum! Restaurants
International is Yum! Brands’ fastest growing and most profitable division
with regional offices, including YUM! Europe in Woking, Surrey, United
Kingdom. In fact, KFC earns more profit outside the USA than in the USA. In
2001, the Yum! International system opened a record 1,041 traditional
restaurants. With over 6,000 KFCs and over 4,000 Pizza Huts, Yum!
International has the second and third largest quick-service restaurant brands
outside the USA.