Axon Ivy Use Case

Cash Transactions Reconciliation

A major retailer implemented the Axon.Ivy Digital Business Platform to record differences in cash balance after each register is closed at the end of the day and initiate reconciliations processes. Each cash discrepancy instantiates a process to clarify the cash discrepancy by the responsible departments. This ensures that the proper protocol is followed during the entire reconciliation process.

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Cash transactions reconciliation

Facts and Figures

Challenges

Replacing a legacy on-premise solution in need of modernization
Decentralized nationwide retailer with many stores
Processing rules need to support both legal requirements and corporate governance

Our Solutions

Intuitive web application to manage store cash discrepancies across banks, safes, and checkout
Use of a Business Rule Engine (BRE) to assign tasks in case of discrepancies
Dashboard for transparent display of all discrepancies, broken down by branches

Highlights

Solution created directly by customer with low-code approach
Time savings of up to 70%
End-to-end process, including holidays and absence management for escalation rules

Why Axon Ivy?

Seamless integration into the IT infrastructure
Easy to deploy in the Google Cloud Platform
Integration in a Kubernetes infrastructure (Docker Services)
Rapid, agile implementation across stores with limited training required