Trintech Files One of the First Form 20-F Reports to Include Detailed XBRL Tagging
Next-Generation Unity XFR Financial Reporting Solution Enables Detailed XBRL Tagging and Filing In-House
Dublin, Ireland / Dallas, US - June 21, 2010
Trintech Group Plc (NASDAQ: TTPA), a leading provider of integrated financial governance, risk management and compliance (GRC) software solutions, today announced that it has become one of the first companies to file a fully XBRL-compliant Form 20-F with the U.S. Securities and Exchange Commission – including detailed level 1-4 XBRL tagging.
"There has been quite a bit of industry discussion and uncertainty in the marketplace regarding the SEC's phased XBRL mandate," said Joe Seery, Trintech's Vice President of Finance and one of the principal supporters of the project. "Finance departments are unsure how to comply, how much time or effort will be required, or what a holistic compliance solution might require in terms of software deployment or the processes requiring engineering. We decided to utilize Unity XFR and select Trintech professional services experts to better answer these questions for our customers and ourselves. We now understand just how efficient a holistic financial reporting solution can be at automating the creation and management of the financial statements itself, including the extension taxonomy, detailed XBRL tagging, and the final filing of the report with the SEC."
Unity XFR is a component of Trintech's Unity platform, a suite of modular software solutions enabling companies to meet their financial governance, risk management and compliance goals. Unity XFR is the only embedded XBRL financial reporting solution which also fully integrates with a workflow and process management solution that can automate the financial close lifecycle.
The final XBRL-enabled financial statement can be found online at the SEC's web site via the following link: http://tinyurl.com/36vd3n5
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 our international offices 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 Press Contact:
Dallas: Dave Tomlinson, Director of Marketing, Trintech
Tel. +1 972 739 1611. email:dave.tomlinson@www.trintech.com
Published Monday, June 21st, 2010 and filed under Products, Corporate, Corporate - Earnings
