Trintech and Longview Solutions Announce Partnership Agreement
Longview’s
FXR Financial Reporting Solution, Powered by Trintech Technology,
Helps Companies Master the Last Mile of Finance
Toronto, Canada | Dublin, Ireland | Dallas, Texas - November 1, 2010
Trintech
Group Plc (NASDAQ: TTPA), a leading global provider of integrated financial
governance, risk management and compliance (GRC) software solutions and
Longview Solutions, a leading provider of corporate performance management and
tax provisioning software, announced today that they have partnered to launch
Longview FXR, a new product helping businesses to fulfill the burgeoning
reporting requirements mandated by the SEC, HMRC and other regulatory agencies.
Powered by Trintech technology, Longview FXR integrates with Longview’s CPM
suite to offer companies a holistic compliance and financial reporting
solution, including the ability to tag and file Statutory Filings and other financial
disclosures with eXtensible Business Reporting Language (XBRL).
“We are
delighted that Longview Solutions has chosen to power Longview FXR with
Trintech technology,” said John Harte, Trintech’s General Manager. “Integration
with Longview Consolidation allows existing Longview customers to now automate
critical “last mile” financial close and reporting processes in a single
system. The resulting efficiencies in document management, XBRL tagging, and
compliance reporting will help businesses produce more compliant and accurate
financial statements in a shorter amount of time.”
Longview
FXR enables customers to streamline efforts with an embedded financial close
and reporting tool to automate key data aggregation, validation, workflow,
review and approval processes during the critical “last mile of Finance”.
Built-in validation features reduce the errors associated with manual financial
reporting efforts, and a dashboard-driven management interface allows
businesses to more efficiently manage dependent tasks.
“Management
of the XBRL Reporting and Financial Close processes has become a critical-path
task for large corporations,” said John Power, President, Longview Solutions. “Longview’s
partnership with Trintech offers our customers the combined knowledge,
expertise and product capabilities of two market leaders mutually committed to
the Office of Finance.”
Longview customers will benefit from the
robust features contained in this web-based solution,, regaining control of the
“last mile of Finance”. By leveraging an in-house solution rather than relying
on expensive external service providers, Longview clients will:
· Improve efficiency (save time) and accuracy in financial reporting
· Roll forward XBRL tags and automate other error-prone manual tasks
· Reduce or eliminate errors with built-in validation capabilities
· Gain time to remediate prior to filing
· Streamline processes with a web-based, embedded approach to XBRL Statutory Filings
An added
benefit for customers is that Longview FXR seamlessly integrates with Longview’s
Financial Consolidation capabilities. Clients seeking further continuity and
accuracy of the financial data populating their disclosure tables, audit trail
and validation rules now have the ability to re-use systemic controls already
built into the reporting process.
Longview
FXR became available October 5, 2010 with limited time introductory pricing and
is currently being deployed by a number of Longview clients. Trintech and
Longview hosted a joint product education and demonstration webinar last week,
which can be viewed online at: http://w.on24.com/r.htm?e=250337&s=1&k=B0FCB41AB62ED69E932424A781B928E6.
Trintech’s
Unity Financial GRC Platform, which powers the Longview FXR solution, is a
suite of software modules enabling companies to increase the accuracy and
transparency of financial reporting, reduce operational costs, shorten
accounting cycle times, reduce the risk of material weaknesses and fully comply
with financial regulations and compliance requirements.
About Longview Solutions
Longview Solutions provides corporate performance management (CPM) and tax
provisioning software that leading companies such as Trustmark, Time Warner,
Home Depot, Eaton, Welch’s, and Integrys use to drive performance with
speed, visibility and financial integrity. Since 1994, many of the world's most
respected companies have been using Longview to create a single repository of
financial truth from which all, or any one of the following key financial
processes can be performed: Financial Planning, Budgeting, Forecasting,
Modeling, Statutory and XBRL Reporting, Financial Consolidation, Management
Reporting and Tax Provisioning. Longview is an
Exact company headquartered in Toronto, Canada with regional offices in Philadelphia, Chicago (USA) and London (UK).
For more information, visit www.longview.com or contact:
Longview
Solutions
Jennifer Bentley
905-513-5210
jbentley@longview.com
About Trintech Group
Trintech
Group Plc (NASDAQ: TTPA) is a leading global provider of integrated financial
governance, risk management, and compliance (GRC) software solutions for
commercial, financial, and healthcare markets. Trintech’s recognized expertise
in reconciliation process management, financial data aggregation, financial
close and reporting, risk management, and compliance enables customers to gain
greater visibility and control of their critical financial processes leading to
better overall business performance.
For
more information on how Trintech can help you increase confidence in business
performance and reduce financial risk, 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
UK Ltd. • Warnford Court, 29 Throgmorton St. • London EC2N2AT, UK • Tel +44 (0)
20 7628 5235. Trintech
Technologies • Block C, Central Park • Leopardstown, Dublin 18, Ireland • Tel
+353 1 293 9840. Trintech
• Cypresbaan 9 • 2908 LT Capelle a/d Ijssel, The Netherlands • Tel +31 (0) 10 8507
474
Trintech Media Contact:
Dave Tomlinson – (972) 739-1611
dave.tomlinson@www.trintech.com
Published Monday, November 1st, 2010 and filed under Corporate
