Merchant Factors was founded in 1998 and is a factoring and trade finance institution, specialising in          debtor financing. They offer a range of financial services and products including installment sales and leasing, trade finance, factoring, confidential invoice discounting and other asset based finance.

Reconciling their customised financial system with electronic payments made by debtors, was proving to be a problem. Payments made directly into the company's bank account were being manually reconciled against the debtors account. A dedicated team was assigned the task of having to reconcile these payments. This proved to be time consuming and counter productive.

Using ReconCity.com's reconciliation service, Merchant Factors have been able to reduce the team considerably. Team members can now focus their attention on investigating only those payments, which could not be reconciled. This has realised tangible cost savings, and has also meant that erroneous payments are identified far quicker. Automated reconciliations provided by ReconCity.com now form an integral part of numerous areas within their organisation.

Geofeux Worldwide Trading is a worldwide trading and investment company. The world of international trade involves a complex web of finance, shipping, customer relations, product knowledge, experience and market intelligence. Geofeux Worldwide has mastered all of these aspects, and today has representatives strategically operating around the globe.

Having to track the status of numerous cargo shipments simultaneously and work within tight delivery schedules, Geofeux Worldwide was spending a considerable amount of time reconciling their shipping agent's records against their own systems.

It was decided to approach ReconCity.com to help automate this process. Even though the data emanated from two different systems, with different data formats, ReconCity.com was able to successfully reconcile the two systems in a fraction of the time it had taken in the past. Geofeux Worldwide now make use of ReconCity.com's reconciliation service on a weekly basis. Not only have time savings been realised but it has also allowed them to provide clients with regular status updates of their shipment's progress.