United States Beef Corporation Selects ReconNET and the DataFlow Transaction Network to Improve Funds Management Processes
World’s Largest Arby’s Franchisee Selects Trintech’s ReconNET and the DataFlow Transaction Network to Streamline Account Reconci
Dallas, Texas/Dublin, Ireland - May 14, 2007
Trintech Group Plc (NASDAQ: TTPA), a leading provider of financial software and services specializing in reconciliation workflow, revenue enhancement, transaction risk management, and compliance, today announced that United States Beef Corporation has selected ReconNET to automate the reconciliation of its cash, credit card, and gift card transactions, and the DataFlow Transaction Network to collect, aggregate, and deliver bank data. The automation of manual reconciliation and streamlined data delivery will enable United States Beef Corporation to increase organizational controls, reduce exposure to risk, and improve productivity.
United States Beef Corporation has rapidly grown ever since the opening of its first Arby’s restaurant in 1969. Today, the company is the largest Arby’s franchisee in the world with over 240 restaurants in Oklahoma, Arkansas, Kansas, Illinois, and Missouri.
“We needed a scalable solution to streamline accounting processes and allow us to grow our restaurants without increasing staff and costs,” says Lori Pumphrey, VP of Finance for United States Beef Corporation. “ReconNET and the DataFlow Transaction Network will automate manual reconciliation procedures - giving our staff more time to resolve exception issues and focus on growth efforts.”
United States Beef Corporation will automate complex daily and monthly processes with ReconNET, including reconciliation and period-end balancing. Improved visibility into transaction processes will increase exception identification and decrease resolution time for improved operational processes. DataFlow will provide standardized, validated daily electronic bank data for the company’s regional banks that do not provide bank statements in a standard BAI accounting format. DataFlow will save United States Beef Corporation valuable time, eliminating the daily effort of retrieving data in various formats from multiple banks, and converting the data for their financial systems.
“We’re pleased that United States Beef Corporation selected ReconNET for account reconciliation and DataFlow services for bank data delivery,” said John Harte, EVP and General Manager for Trintech. “Trintech’s funds management solutions are enabling highly-efficient financial processes for over 100 leading restaurant chains and franchises with over 30,000 locations.”
About United States Beef Corporation
Founded by Bob and Connie Davis in 1969, United States Beef Corporation is the largest Arby’s franchisee in the world. The company currently has over 240 Arby’s restaurants in Oklahoma, Arkansas, Kansas, Illinois, and Missouri. United States Beef Corporation has recently signed a development agreement with Triarc Restaurant Group to build over 100 additional restaurants. For more information, please visit www.usbeefcorp.com.
About Trintech Group
Trintech Group Plc (NASDAQ: TTPA) is a leading global provider of financial software and services specializing in reconciliation workflow, revenue enhancement, transaction risk management, and compliance for commercial, financial, and healthcare markets. For over 20 years, Trintech has been providing comprehensive, industry-leading solutions to financial departments seeking greater insight into critical transaction processes. Trintech delivers a configurable, highly scalable platform that incorporates a company’s unique business processes, enabling managers to obtain greater visibility and more efficiently manage business risk throughout the transaction lifecycle. Trintech’s transaction process management solutions include: ReconNET for high volume transaction reconciliation; AssureNET GL for general ledger reconciliation and certification; On-Demand solutions for ASP ReconNET and AssureNET services and the Dataflow Transaction Network for data collection and delivery; and ClearContracts, an ASP service which enables health care providers to optimize contract profitability by reconciling payments received from their patients’ insurers to amounts they should have received from claims under the terms of their respective contracts. Over 450 leading companies across a variety of industries rely on Trintech products and services. Clients include: North Fork Bank, 7-Eleven, Kroger, Regal Entertainment, Accor, UPMC, Farmer’s Insurance Group, YUM! Brands Restaurants, Rohm and Haas, Verizon Wireless, and Ameren.
Trintech’s principal business office is in Dallas, Texas, with international offices in Ireland, the United Kingdom and the Netherlands. Trintech can be reached at 15851 Dallas Parkway, Suite 900, Addison, TX 75001 (Tel 1.972.701.9802). Trintech’s corporate office can be contacted at Trintech Technologies, Block C, Central Park, Leopardstown, Dublin 18, Ireland (Tel 353.1.293.9840). For more information, please visit www.trintech.com.
Trintech Press Contact:
Dallas: Donna Martinez, Marketing Communications Manager, Trintech
Tel. +1 972 739 1611. email:donna.martinez@www.trintech.com
Published Monday, May 14th, 2007 and filed under Customers
