July 16, 2008 - Virgin Media successfully implemented CheckFrees Reconciliation and Exception Management solution to automate the reconciliation of customer revenue related accounts.
This implementation followed a full review of legacy systems in place throughout the organization and the subsequent need for a best-of-breed solution for Virgin Medias financial shared services center.
By consolidating its legacy reconciliation programs into a single enhanced platform, Virgin Media streamlined its transaction matching, reporting and performance management processes, while improving the efficiency of its operations. By automating its reconciliation system through CheckFree, Virgin Media reduced the time required to complete the month-end close process.
Moving to CheckFrees single automated reconciliation platform has provided us with greater visibility into our operations, allowing us to closely monitor the status of our accounts, improve process efficiency, provide support and training where required and reduce the likelihood of operational error, said Beverley Booth, head of finance and payroll services at Virgin Media.
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