Dallas, TX: Trintech, a leading global provider of automated Record to Report (R2R) software solutions for the office of finance, today announced the development of a new cloud-based disclosure and financial reporting solution, Trintech Disclosure Management©. The solution will be available March 2017 and integrates with the latest version of Trintech’s comprehensive R2R solution, Cadency® 3.0.
According to Gartner, “Financial Corporate Performance Management (FCPM) solutions must satisfy several critical capabilities, including financial and disclosure reporting, to provide today’s Office of Finance with a transparent and collaborative close process.”1
With Trintech Disclosure Management, Trintech is the only financial automation software provider with a comprehensive Record to Report offering that includes a dedicated disclosure research and disclosure/financial reporting solution.
“A key enabler of Trintech’s leadership in financial automation is that we prioritize investing in our solutions and customer needs above all else, and that’s exactly what we’ve done with the addition of Trintech Disclosure Management to our portfolio,” said Teresa Mackintosh, Trintech Chief Executive Officer.
The integration of Trintech Disclosure Management with Cadency, which has existing capabilities for reconciliation, journal entry, compliance, and close processes, will allow public and private companies to directly integrate and easily automate all of the deadlines and requirements of their financial and disclosure reporting needs, such as SEC disclosures and Board Books for their Board of Directors, with the rest of their Close cycle.
By automating this process, they will avoid the time-consuming and error-prone manual data entry that often jeopardizes the reliability of financial reports and disclosures. Now, their teams will be able to focus their efforts on analyzing the information in these reports instead of being consumed with simply producing each one.
The solution also uniquely provides easy-to-access research capabilities that allow users to perform advanced searches on disclosure information within the Electronic Data Gathering, Analysis and Retrieval System (EDGAR). With these examples of disclosures from similar companies directly available, they will be able to quickly establish benchmarks and best practices for financial statements, assessing risk, supporting final disclosures, identifying compliance and relevant regulations, and more.
To help companies across the globe transform their financial processes to best-in-class levels of efficiency and effectiveness, Trintech continues to provide a comprehensive solution for the entire Record to Report process. The company is excited to provide its customers with new capabilities for all types of financial and disclosure reporting through Trintech Disclosure Management.
Trintech, Inc. pioneered the development of Financial Corporate Performance Management (FCPM) software to optimize the Record to Report process. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, journal entries, treasury management and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency®, Trintech Disclosure Management©, ReconNET™ and T-Recs®, help manage all aspects of the financial close process. Over 1,700 clients worldwide – including the majority of the Fortune 100 – rely on our cloud-based software to increase efficiency, reduce costs, and improve governance and transparency across global financial organizations.
Headquartered in Dallas, Texas, Trintech has offices located in the United States, United Kingdom, Australia, France, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.
1Van Decker, John E., and Christopher Iervolino. “Critical Capabilities for Financial Corporate Performance Management Solutions.” Gartner.com. Gartner, Inc., 26 Sept. 2016. Web. 01 Feb. 2017.