Trintech Continues Rapid Growth by Expanding Its Solution Portfolio, Market Leadership and Global Footprint
Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, expanded its global footprint and market leadership in the financial software space. In fiscal year 2018 (ended January 31, 2018), Trintech continued its rapid market expansion by driving over 30% growth in recurring revenue – a testament to a strong solution portfolio, supported by a dedicated, customer-oriented team. In addition, Trintech acquired Adra Software, broadening its portfolio of solutions and positioning itself to help Finance & Accounting (F&A) organizations of any size modernize and transform their processes.
“Our high growth in revenue exemplifies the instilled trust our customers have in our solutions and our people,” said Teresa Mackintosh, CEO at Trintech. “This stability further demonstrates Trintech’s commitment to build and maintain these relationships with our customers and deliver continual value to them as they undertake their financial transformation project.”
Currently serving over 3,100 customers globally, including the majority of the Fortune 100, Trintech added dozens of new customers as they deployed either their first Record to Report solution or left competitors across the Americas, EMEA and APAC regions. Sample new customers include Wex Inc., Mettler-Toledo, Cambia Health Solutions, NBA, L’Oréal, Hudson’s Bay Company, Nerium International, Akzo Nobel, Torchy’s Tacos, Akamai Technologies, Volvo Information Technology, Charlotte Russe, and Panasonic Europe. Likewise, Trintech’s existing customer base also expanded deployments with new functionality as well as global rollouts to business units and Shared Service Centers, demonstrating the trust and commitment to growing with Trintech’s solutions.
The rapid adoption and expansion of Trintech’s solutions across the globe has resulted in sustained, robust financial performance for the company. Already profitable, Trintech continues to invest in its portfolio of solutions to meet the growing demands of its customer base and the market while strengthening its solid financial foundation. Moving into its fiscal year 2019, Trintech continues its commitment to provide world-class, innovative Risk Intelligent Robotic Process Automation™ solutions that deliver increased efficiency, real-time visibility, collaboration and control to enterprise-class organizations around the world and across a multitude of ERP systems including Oracle®, SAP® and NetSuite®.
“Looking to fiscal 2019, we are thrilled to leverage our expanded solution portfolio to help any size organization focusing on transforming their financial processes,” continues Mackintosh. “We are excited about the market opportunity as we further expand our market leadership across the globe.”
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, bank fee analysis, reporting, 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 3,100 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 across 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.
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