Meritus Texas: Cash Application and Bank Reconciliation through TIMS
Leader in Industrial Gases and Welding Supply
Meritus Texas, formerly Mitchell Welding Supply, is a Texas-based distributor of industrial gases, welding supplies, safety equipment, and industrial solutions. Founded in 1968 in Terrell, Texas, the company has grown from a local supplier into a trusted partner for manufacturers, fabricators, contractors, and industrial businesses across the state. With a longstanding commitment to customer service, technical expertise, and operational excellence, Meritus Texas continues to help businesses improve efficiency, safety, and performance.
Challenge
Before implementing Cashbook, processing deposits and ACH entries was a time-consuming, manual process that required coordination between three different team members. Multiple mailboxes had to be monitored, and each team member spent several hours everyday processing incoming checks and ACH payments.
In addition, managing and reconciling 18 separate bank accounts placed a significant administrative burden on the finance team, making bank reconciliations an ongoing, resource-intensive task. The combination of manual payment processing and complex reconciliation requirements consumed valuable staff time and created inefficiencies across daily treasury operations.
Solution
Meritus Texas implemented Cashbook’s Cash Application and Bank Reconciliation modules to automate payment processing and streamline account reconciliations.
Since implementing Cashbook, the efficiency gains have been significant. Tasks in Cash Application that previously took more than half a day and required three team members can now be completed in less than two hours by a single employee. The Bank Reconciliation module has also made managing and reconciling 18 bank accounts much smoother and more manageable for the finance team.
Results
We’ve reached a 95% matching rate for lockbox deposits, significantly reducing manual effort. Processes that once required multiple team members to manage ACHs and lockbox deposits can now be completed by a single person in under three hours.
