Fujitsu and Trintech Partner to Extend XBRL Capabilities of Trintech Unity XFR Reporting Solution
Unity XFR Financial Reporting Software Embeds Fujitsu Interstage XWand Processing Engine for Advanced XBRL Functionality
SUNNYVALE, Calif. and ADDISON, Texas - November 18, 2009
Trintech Group Plc (NASDAQ: TTPA), a leading global provider of integrated financial governance, risk management and compliance software solutions, announced today that it has embedded the Fujitsu Interstage® XWand® XBRL processing engine into the Trintech Unity Xtensible Financial Reporting (XFR) software module, dramatically extending the ability of Trintech clients to create, manage and validate XBRL-compliant financial statements, including Edgar Filer Manual (EFM) validation.
Fujitsu Interstage XWand software helps companies create, validate, report, collect, and analyze financial data in XBRL, a standard format for disclosing financial information. By facilitating the integration of XBRL within financial processes, Interstage XWand boosts the level of automation and transparency throughout the entire financial reporting cycle.
Trintech’s Unity XFR solution is an external financial reporting software module with advanced workflow, document management and XBRL tagging features to help businesses comply with current and planned regulatory mandates dictating the use of XBRL in financial statements. Unity XFR has supported embedded XBRL tagging capabilities since 2007, but with the integration of Fujitsu Interstage XWand, Trintech can now offer its world-class tagging user experience on top of a leading XBRL processing engine. Unity XFR is part of Trintech’s Unity Financial GRC Software Suite. To learn more about Unity XFR, or any of the other modules in the Unity suite, visit www.trintech.com today.
Quotes:
- John Van Decker, Research Vice President, Gartner: “Many companies are turning to tools that integrate with their consolidation solutions to manage further reporting coordination within the last mile. These kinds of solutions continue close activities after consolidation, adjusting entries and report creation. Critical processes, such as XBRL tagging and preparation of external reporting to be handed off to a publisher, are executed.” Source: Gartner Report “Financial Statement Production: The Final Step in the Last Mile of Finance” authored by John Van Decker (June 5, 2009)
- David Taylor, Vice President of Strategy, Trintech: “Fujitsu has one of the leading XBRL processing engines on the market, and worked diligently to understand and align with Trintech’s business model. As part of our Unity XFR software solution, the advanced Fujitsu XBRL processing, validation, and XBRL document generation capabilities greatly complement and enhance Unity XFR’s financial reporting functionality, making it easier and more cost-effective for finance professionals to embrace XBRL as just another part of their daily financial reporting activities.”
- Ryosuke Mori, Executive Vice President, Platform Products, Fujitsu America: “XBRL is the future of financial reporting. Interstage XWand is fully compliant with the latest version of the XBRL specification, providing a powerful API that allows innovative businesses like Trintech to develop rich, powerful applications that can harness and extend the power of XBRL.”
Press Contacts:
Fujitsu America, Inc.
Karen Richardson, Public Relations Manager
1-408-746-3300, karen.richardson@us.fujitsu.com
Eastwick Communications
Elizabeth Hilton, Associate
1-650-480-4018, ehilton@eastwick.com
Trintech
Dallas: Dave Tomlinson – Director, Marketing
Tel. +1 972 739-1611. Email: dave.tomlinson@www.trintech.com
About Trintech Group
Trintech Group Plc (NASDAQ: TTPA) is a leading global provider of integrated financial governance, risk management, and compliance software solutions for commercial, financial, and healthcare markets. 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.
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
About Fujitsu
Fujitsu is a leading provider of IT-based business solutions for the global marketplace. With approximately 175,000 employees supporting customers in 70 countries, Fujitsu combines a worldwide corps of systems and services experts with highly reliable computing and communications products and advanced microelectronics to deliver added value to customers. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.6 trillion yen (US$47 billion) for the fiscal year ended March 31, 2009. For more information, please see: www.fujitsu.com.
About Fujitsu America, Inc.
Fujitsu America, Inc. provides a complete portfolio of business technology services, computing platforms, and industry solutions. Fujitsu platform products are based on scalable, reliable and high-performance server, storage, software, point-of-sale, and mobile technologies. Fujitsu combines its renowned platform offerings with a full suite of onshore, near shore and offshore system integration, outsourcing, and datacenter services covering applications, operations, infrastructure, customer service, and multi-vendor lifecycle services. Fujitsu provides industry-specific solutions for retail, manufacturing, healthcare, government, education, financial services, and telecommunications sectors. For more information on Fujitsu America's business scope, visit http://solutions.us.fujitsu.com/.
Fujitsu, the Fujitsu logo, Interstage and XWand are trademarks or registered trademarks of Fujitsu Limited in the United States and other countries. All other trademarks and product names are the property of their respective owners.
The statements provided herein are for informational purposes only and may be amended or altered by Fujitsu Limited without notice or liability. Product description data represents Fujitsu design objectives and is provided for comparative purposes; actual results may vary based on a variety of factors. Specifications are subject to change without notice.
Published Wednesday, November 18th, 2009 and filed under Products
