Trintech’s Unity XFR Solution recognized by HMRC as iXBRL software provider
London, UK / Dallas, TX / Dublin, Ireland - February 9, 2011
Trintech, the leading global provider of integrated software solutions for the Last Mile of Finance, has been recognized by the United Kingdom’s HM Revenue & Customs (HMRC) as a software provider of iXBRL capabilities. HMRC has mandated that all UK companies, with a year end after 31 March 2010, are required to file company tax returns online from April 2011. Company Tax Returns include statutory accounts which need to be filed in Inline (iXBRL).
“We are pleased to have gained HMRC recognition for Trintech’s UNITY XFR solution and to have Trintech added to the list of iXBRL-recognized software vendors,” said Paul Byrne, Trintech CEO. “This is a great milestone, further demonstrating our ongoing commitment to XBRL adoption efforts world-wide.”
Tony Bethell, VP EMEA, Trintech said, “iXBRL compliance for statutory accounts can be complicated, expensive and time consuming especially when companies have the need to report multiple accounts. Trintech’s Unity XFR solution, recently recognized by HMRC as an iXBRL provider, makes it easier to manage and publish multiple accounts through better automation, collaboration and control.
The UNITY XFR solution allows users to prepare, tag, collaborate and publish financial reports within a single application. UNITY XFR provides a single repository for multiple reporting entity filings and ultimately makes the accounts production process more efficient. Embedding Tagging into the Financial Reporting Process is a core element of UNITY XFR, which saves time, money and effort during revision and publishing activities. With this collaborative document management process, work-flow preparers can distribute, review, and control versions and manage workloads to efficiently prepare statutory accounts.
To see Trintech’s listing as a recognized provider visit -http://www.hmrc.gov.uk/efiling/ctsoft_d ev.htm
About Trintech:
Trintech is the leading global provider of integrated software solutions for the Last Mile of Finance. From the time a transaction occurs to the time financial statements are issued, Trintech’s innovative Unity Suite automates data collection, account reconciliation, financial close management, financial reporting, XBRL, and financial control testing. As a result, our 600 clients and 100,000 users worldwide benefit from an enterprise wide view into critical financial processes, and are able to increase efficiency, improve visibility, shorten cycle times, lower costs, and reduce risk.
Trintech clients include 50% of the Fortune 50 and nearly 25% of the Fortune 500 representing retailers, manufacturers, financial institutions and health care providers globally. Trintech clients include Intel, Google, Microsoft, RR Donnelley, Regis Corporation, Walmart, O2, Blackstone, BAE Systems, Skype, HSBC and Toyota Financial Services.
Spectrum Equity Investors acquired Trintech in a take-private transaction in December, 2010.
For more information on how Trintech can help you transform your Last Mile of Finance, please contact us online at www.trintech.com or at our principal business office in Dallas, 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. • 2nd Floor • 4-6 Throgmorton Avenue • London EC2N 2DL
Tel: +44 (0) 20 7628 5235 •
Trintech Technologies Limited • Suite 13B, Classon House, Dundrum Business Park • Dublin 14, Ireland • Tel +353 1 298 4472
Trintech • Cypresbaan 9 • 2908 LT Capelle a/d Ijssel, The Netherlands • Tel +31 (0) 10 8507 474
#########
Trintech Press Contacts:
Dallas: Patrick Ferguson – Marketing Manager
Phone: +1 972 739 1617 - Email: patrick.ferguson@www.trintech.com
EMEA: Carol Orr – Marketing Manager
Phone: +1 +44 (0) 207 382 0490 - Email: carol.orr@www.trintech.com
Published Wednesday, February 9th, 2011 and filed under Corporate
