Trintech, the leading global provider of integrated Record to Report software solutions for the office of finance, today announce their partnership with IBM to include Trintech’s ReconNET® as part of IBM’s financial solutions technology portfolio for Business Process Outsourcing (BPO).
IBM sought a SaaS-based solution that could deliver a best-practice approach and key benefits to their customers, such as transparency, greater efficiency, and tighter controls while mitigating risk across their processes. “We have reached out to other vendors in the market, but have yet to find a provider like Trintech,” stated David Frizzel, IBM BPO Global Lead for Finance and Accounting for one of the world’s leading FMCG companies. “They were the only vendor able to meet our requirements; providing a solution that was not only functional, but also highly flexible.”
Adding ReconNET to IBM’s portfolio demonstrates its commitment to provide continuous innovation around “best-in-class” finance solutions facing its BPO’s customers’ finance departments today. Furthermore, this partnership builds on the successful collaboration between IBM and Trintech at Fortune 500 companies across the globe.
“Together, Trintech and IBM have experience working with thousands of global finance organizations,” said Teresa Mackintosh, CEO of Trintech. “This new enhanced BPO offering, utilizing ReconNET, enables our clients to achieve levels of efficiency during the reconciliation process that was simply not possible until now. The combined offering promotes higher productivity, reductions in write-offs and idle funds, saves time, and significantly improves resource optimization.”
With this global agreement, both IBM BPO and Trintech are looking forward to fostering their relationship and creating a framework for onboarding future IBM BPO clients. Frizzel continued, “Because of the increased functionality and flexibility of ReconNET, we are excited to expand this offering to other IBM BPO clients as well.”
About IBM BPO IBM
Global Process Services offers a range of solutions for industry-specific processes. Whether your enterprise is a bank that needs to get better at managing risk, a retailer looking to improve cash flow issues, or a telecom provider trying to standardize procurement processes, IBM Global Process Services has the relevant expertise and experience to optimise the business processes that directly impact your bottom line.
Trintech is the leading provider of financial software solutions for the Record-to-Report process. Over 900 clients in 100 countries – including half of the Fortune 50 and the FTSE® 100 – rely on our solutions to optimize resources, reduce costs, manage risk and monitor activities across the entire finance organization worldwide. Trintech’s Cloud-based Cadency® software manages all aspects of the financial close – from automating and managing balance sheet reconciliation, journal entries, to governance, risk and compliance, and financial reporting. ReconNET™ streamlines daily operational reconciliations such as bank and credit card transactions. Trintech has offices located across the US, UK, Australia, France, Ireland, the Netherlands and the Nordics, with partners in South Africa, Latin America and across the Asia Pacific region. www.trintech.com.