Success Story Library
Leading Global Hotel Company Increases Financial Compliance Transparency with Trintech’s Unity Compliance Framework
Overview
The client is a leading hotel company operating full-service hotels and resorts across the globe with multiple brands offering hospitality services primarily targeted to business travelers and upscale vacationers. While not a public company, management has an on-going commitment to fully adhere to governance requirements including the provisions of Sarbanes-Oxley.
Challenges
Given its distributed operations, the company recognized the need to address several key challenges in order to ensure both regulatory and competitive success. Their existing compliance efforts were largely manual so they desired to convert to an automated solution in order to achieve efficiency and gain flexibility in their operations.
Objectives
When considering possible automated solutions, the company identified the following critical goals / functions that the software solution they selected must address:
- Strong end-user ease of use
- Automated operational compliance
- Increased compliance transparency
- Assurance that central policies were communicated, executed, and verified
- Central repository for all compliance documentation
- Flexibility to utilize a top-down, risk based approach in accordance with PCAOB Auditing Standard No. 5
Capabilities Provided
Trintech supplied the client with a hosted version of the Unity Compliance solution that provided the company with the ability to:
- Standardize SOX compliance testing globally using Unity’s Action Plan templates
- Allow management to review and strengthen specific tests via a single repository
- Permit employees to send certifications using familiar tools such as e-mail and standardized forms, eliminating the need for expensive training programs and shortening the time to implementation
- Automate the organization’s current manual test environment
- Optimize the number of key controls and tests across the enterprise via Unity’s many-to-many relationships of risks, controls and business units
- Identify issues real-time and allows workflow based resolution for tracking purposes
- Maintain visibility and management control across performance management and compliance activities
Testimonial
We are impressed with Trintech’s expertise and solution. Their Unity application allows our compliance process to be more accessible and centralized.
Other Information
Trintech Group Plc (NASDAQ: TTPA) is a leading global provider of integrated financial governance, transaction risk management, and compliance software solutions to over 600 organizations. Trintech’s configurable and scalable technology enables customers to gain greater visibility and control of their critical financial processes leading to improved overall business performance.
For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact Trintech or visit www.trintech.com.
