Canadian Convenience Store Enterprise, Alimentation Couche-Tard Eastern Division, Selects Trintech’s ReconNET
Leading Convenience Retailer in Canada Selects Trintech’s ReconNET to Optimize Reconciliation Processes
Dallas, Texas/Dublin, Ireland - October 8, 2007
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 Alimentation Couche-Tard Eastern Division has selected ReconNET to automate funds reconciliation processes, monitor transactional risk, and optimize the resolution and reporting of exceptions.
Alimentation Couche-Tard, French for “food for those who go to bed late,” is the largest convenience store retailer in Quebec. The selection of ReconNET by Couche-Tard Eastern Division is part of an expansion; Circle K Divisions in Arizona and Mac’s Convenience Stores in Ohio currently utilize the reconciliation system.
“We required an effective reconciliation solution that could scale to meet our needs, as well as allow us to independently tailor it to disparate reconciliation processes,” said Marcel Jacques, IT Development Manager for Couche-Tard Eastern Division. “ReconNET will provide us with a great deal of autonomy. We’ll be able to expand the use of the system throughout the Division to streamline reconciliation processes and increase efficiencies.”
Through their collaborative approach with various internal business practices, Eastern Division IT developers will fully automate the reconciliation of thousands of accounts, track related exceptions more efficiently, and potentially reduce operational risk.
“We’re pleased that ReconNET was recognized for its ability to easily automate a large variety of reconciliation processes. The platform enables self-sufficiency and Couche-Tard will find that it will easily adapt to meet their greatest transaction reconciliation challenges,” said John Harte, EVP and General Manager for Trintech. “Couche-Tard joins a host of other prestigious convenience retail clients, including 7-Eleven, Murphy Oil, and Valero - reinforcing our position as the leading supplier of transaction management solutions to the convenience store market in North America.”
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, October 8th, 2007 and filed under Customers
