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Trintech to Launch New Visual Data Discovery Capabilities Driven by Financial Reconciliation

ReconNET Advanced Reporting from Trintech creates impactful reports using financial data from the transaction reconciliation process

Trintech, a leading global provider of integrated Record to Report (R2R) software solutions for the office of finance, will soon release ReconNET Advanced Reporting, an expansion of the existing cloud-based solution’s capabilities. The new addition provides timely business intelligence through a multi-dimensional, on-demand view of financial performance based on reconciliation data.

“As many business leaders are well aware, data is power and absolutely essential to making strong decisions about the future of your business,” says Michael Ross, Trintech’s Chief Product Officer. “With ReconNET Advanced reporting, we’ll make it easy for the office of finance to generate unique and detailed insights directly following the reconciliation of their transactions, while laying the foundation for augmented analytics, something no one else can offer to their office of finance.”

Recently, Trintech executed a third-party research study to continue to critically analyze the needs of the office finance; it very clearly showed that reporting capabilities, such as built-in reports, detailed KPIs, and a dedicated reporting platform, were at the top of the list of needs for finance and accounting professionals around the world. Quickly, the company decided to invest in the research and development of these new capabilities to make sure these needs are fulfilled for their customers. The culmination of these efforts is ReconNET Advanced Reporting.

Now, within each pre-configured report, Key Performance Indicators (KPIs) are clearly displayed, and users can easily access the underlying data. For sharing purposes, the graphics or underlying data can be quickly exported whenever necessary.

Reconciliation Type Report

As CFOs are increasingly being asked not just to report results but also help improve the business’ performance through actionable business intelligence, ReconNET Advanced Reporting delivers a timely solution for these needs.

For more information on ReconNET Advanced Reporting, visit the ReconNET information page on Trintech.com.

About ReconNET

ReconNET™ by Trintech automates daily, monthly, and periodic reconciliation and account balances to help the office of finance increase efficiencies, tighten controls, reduce risk, leverage cash, and make more informed decisions overall. The solution is used by a variety of organizations worldwide in virtually every industry including apparel, automotive, banking, financial services, retail, education, healthcare, insurance, pharmacy, telecommunications, utilities, transportation, grocery, and business services.

About Trintech

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, intercompany accounting, journal entries, disclosure and fiduciary reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency®Adra®Trintech Disclosure Management®ReconNET™T-Recs®, and UPCS® help manage all aspects of the financial close process. Over 3,100 clients worldwide – including the majority of the Fortune 100 – rely on the company’s 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, Singapore, 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 LinkedInFacebook and Twitter.

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