Leading Manufacturer and Supplier of Comfort Cushioning to Use Trintech’s AssureNET GL to Standardize and Control the Entire Month-End Close Process
Dallas, Texas/Dublin, Ireland - January 28, 2008
Trintech Group Plc (NASDAQ: TTPA), a leading provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide, today announced that a leading North America supplier of flexible polyurethane and advanced polymer products has selected AssureNET GL to standardize the reconciliation process, and increase accountability and visibility. AssureNET GL will allow the manufacturer to automate and control key accounting activities, including general ledger reconciliation, review and approvals, variance analysis, and closing process tasks and activities.
AssureNET GL will reduce time spent administering and monitoring controls, reduce the risk of a control violation, and save time and expense on annual audits. The manufacturer will be replacing a manual review of account files using Excel and other applications with a self-documenting workflow and analysis tool that manages the entire GL reconciliation process.
“AssureNET GL offers complete segregation of duties and tracks all system activity as users perform daily responsibilities, and it facilitates the creation of documents and reports needed to comply with auditing requirements such as the Sarbanes-Oxley Act,” said John Harte, EVP and General Manager for Trintech. “Reconciliation, tracking, and certification are all completed in a holistic, automated, and secure environment, one which gives managers visibility and provides certainty in times of onerous compliance requirements.”
AssureNET GL will also allow the company to decrease costs while enhancing compliance. AssureNET GL has helped numerous Fortune 500 companies reduce both financial control risk and audit fees. For companies with thousands of general ledger accounts, saving even modest amounts of time per reconciliation can translate into very significant annual savings.
About Trintech Group
Trintech Group Plc (NASDAQ: TTPA) is a leading provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide. Trintech’s recognized expertise in reconciliation underpins its suite of financial governance solutions, enabling businesses to address critical business objectives leading to more informed decision making and better overall business performance.
Over 500 leading global organizations, including - North Fork Bank, 7-Eleven, Kroger, Regal Entertainment, Accor, UPMC, Farmer’s Insurance Group, YUM! Brands Restaurants, Rohm and Haas, Verizon Wireless, and Ameren - realize the benefits of Trintech’s configurable and highly scalable solutions everyday to: improve performance through stronger management of the revenue cycle and disbursements; ensure the accuracy and integrity of financial data; identify and reduce transaction risk; improve the quality and timeliness of financial reporting; and strengthen internal controls to support compliance requirements.
For more information on how Trintech can help you gain greater visibility and control of your critical financial processes, please contact us online at www.trintech.com or at our principal business office in Addison, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.
Trintech • 15851 Dallas Parkway, Suite 900 • Addison, TX 75001 • Tel 1.972.701.9802
Trintech Technologies • Block C, Central Park • Leopardstown, Dublin 18, Ireland • Tel 353.1.293.9840
Trintech Press Contact:
Dallas: Donna Martinez, Marketing Communications Manager, Trintech
Tel. +1 972 739 1611. email:donna.martinez@www.trintech.com
Published Monday, January 28th, 2008 and filed under Customers
