David Lloyd Leisure Selects Trintech’s ReconNET for Bank Reconciliation
David Lloyd Leisure Clubs Select Trintech’s ReconNET to Improve Daily Productivity and Increase Reporting and Financial Controls
London, UK / Dublin, Ireland - April 7, 2008
Trintech Group Plc (NASDAQ: TTPA), a leading global provider of integrated financial governance, transaction risk management, and compliance, today announced that David Lloyd Leisure has selected Trintech’s ReconNET product to automate the verification and reconciliation of its cash and credit cards. ReconNET will enable the company to increase reporting and financial controls and improve daily productivity.
David Lloyd Leisure Clubs are part of the David Lloyd Leisure Group, Europe’s largest health and fitness operator, with 79 clubs in the UK and a further 10 sites across Europe. Facilities include indoor and outdoor tennis courts, swimming pools, state of the art gym equipment, health & beauty spas, club lounges, cr?ches, nurseries, and specialist sports shops.
“We were familiar with ReconNET’s capabilities from a prior business relationship,” said Jason Smith, Head of Finance, David Lloyd Leisure. “We knew we wanted the same scaleable solution with us here. ReconNET will streamline daily reconciliations, reduce costs, and help us gain greater reporting and financial controls.”
The installation of ReconNET will improve processes for the reconciliation of bank deposits, and enable reconciliation to occur daily instead of monthly. Additionally, the ReconNET system will deliver real-time management reporting and risk analysis to business managers to enhance their key decision-making processes.
“David Lloyd Leisure joins an ever expanding number of leading organizations that have selected ReconNET to enhance financial accounting efficiencies and controls,” said Tony Bethell, VP EMEA, Trintech. “We’re pleased to bring real business benefits to organizations like David Lloyd Leisure quickly and cost-effectively.”
About David Lloyd Leisure Group
The David Lloyd Leisure Group operates 79 clubs in the UK and a further 10 sites across Europe. The Group, which is now Europe’s largest health and fitness operator, was formed on the 1st January 2008 following the acquisition of David Lloyd Leisure Ltd by London & Regional Properties, owners of Next Generation Clubs.
The combination of these two leading brands in racquets, health and fitness, has created an extensive portfolio of family orientated clubs with unrivalled facilities and service levels for members.
About Trintech Group
Trintech Group Plc (NASDAQ: TTPA) is a leading global provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide. Trintech’s recognized expertise in reconciliation process management, financial data aggregation, revenue and cost cycle management, financial close, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.
Over 600 leading global organizations realize the benefits of Trintech’s configurable and highly scalable solutions everyday, including 7-Eleven, Accenture, Allianz Life North America, Ameren, Bank of Nevada, eBay, Farmer’s Insurance Group, Kinder Morgan, Regal Entertainment, Rohm and Haas, Sears, UPMC, Verizon Wireless, Wyndham Worldwide, and YUM! Brands Restaurants.
Trintech’s technology enables our customers to ensure their internal financial processes are optimized, improve performance through stronger management of revenue and cost cycles, ensure the accuracy and integrity of financial data, improve the quality and efficiency of the financial close process, as well as reduce the risk of material weaknesses and restatements.
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 Press Contact
Dallas: Donna Martinez, Marketing Communications Manager, Trintech
Tel +1 972 739 1611. email:donna.martinez@www.trintech.com
Published Monday, April 7th, 2008 and filed under Customers, EMEA
