Loomis remittance reconciliation is the process of confirming that the cash collected from a site by a cash-in-transit provider like Loomis matches what the site declared, and what ultimately credits the bank account. Loomis and similar providers physically collect takings from stores, restaurants, and venues, then deposit them, issuing remittance reports along the way.
For multi-site businesses in food and beverage and retail, this is a precise, recurring pain. The chain has three points that must agree: the cash declared at the site, the amount the provider recorded on collection, and the credit that appears on the bank statement, often days later and grouped across sites. A discrepancy anywhere (a miscount, a collection logged wrong, a deposit that never arrives) means money is unaccounted for.
Reconciling these three points by hand, across many sites and weekly collections, is slow and lets real losses hide among timing gaps.
Phacet automates the chain. The agent that reconciles cash takings against reported revenue confirms declared cash matches sales, the agent that controls POS cash across all your sites tracks each site's takings, and the agent that reconciles bank transactions ties the provider's deposits back to the bank. Every match is traceable through a native audit trail.
Loomis moves the cash from site to bank. Phacet proves that what left each site is exactly what arrived, with nothing lost in transit.
