Trintech, Inc.

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Trintech's Latest Record to Report Innovation Investments Driven by Customer Feedback and Industry-Leading Data Protection

DGAP-News: Trintech, Inc. / Key word(s): Miscellaneous

11.08.2017 / 11:00
The issuer is solely responsible for the content of this announcement.


Trintech Delivers Several Innovative, Time-saving and Risk-reducing Enhancements to its Comprehensive Portfolio of Financial Solutions

DALLAS, TX / ACCESSWIRE / August 11, 2017 / Trintech, a leading global provider of integrated, cloud-based Record to Report (R2R) software solutions for the office of finance, today announced its latest customer-centric innovations for Record to Report. By releasing these now, it allows for their deployment and positive impact for its customers' year end close. Trintech has devoted countless hours to the research and development of its solutions throughout 2017 and is now officially announcing its latest developments in its portfolio of financial solutions, Cadency®, ReconNET™, T-Recs® and UPCS®.

'Through our customer-centric events, such as our regional User Groups, and our Customer Advisory Board meetings, we are continuously soliciting and receiving feedback from our customers on how to improve their experiences with our solutions,' said Michael Ross, Executive Vice President of Product Management at Trintech.

The very purposeful timing of Trintech's upcoming releases, in most of our customers' 3rd quarter of their fiscal year, allow users sufficient time to update their solutions in preparation for an even more effective and efficient final close period. As an example, with the release of UPCS 7.2, additional escheatment capabilities for Canadian providences Alberta, British Columbia, and Quebec allow customers to ensure compliance with the latest requirements before the next escheatment reporting period begins.

'Due to the evolving markets our customers navigate, it is critical that our product releases align with their internal initiatives,' Ross continues. 'Therefore, we have strategically chosen our release dates to allow customers the ability to be fully upgraded before the new year.'

Trintech is built on a culture of innovation and uses that foundation to further enhance its portfolio of financial solutions for its customers. In its upcoming release of its enterprise-class Record to Report solution, Cadency, Trintech expands its Risk Intelligent Robotic Process Automation™ (RI RPA) capabilities that are proven to greatly reduce the need for risk-inherent manual data entry and add a critical layer of control to the financial close process. The latest updates will add additional RI RPA capabilities to its Close and Journal Entry processes.

Additionally, the upcoming releases of Cadency, T-Recs, ReconNET, and UPCS will all launch with usability enhancements and incremental functionality developed with best-in-class principals for software design. Through detailed analysis and user testing, Trintech has identified key areas of these solutions where the process of completing even simple tasks was refined to create notable time-savings for the users. From searching for account information all the way to how a solution is installed, current users will notice an enhanced intuitiveness to their day-to-day activities. Trintech plans to continue these detailed refinements in subsequent releases to provide the most streamlined user-experience possible.

To ensure the safe keeping of the sensitive client information in all of its solution, Trintech's latest release enhances its position as a premium provider of secure cloud-based Record to Report solutions. The company's solutions are HIPAA compliant for US healthcare providers and other covered entities, Privacy Shield certified to meet the data privacy and security needs of EU and financial sector customers, and offer end-to-end encryption capabilities for all existing and new Trintech customers. Additional information on Trintech's private cloud infrastructure and securities, such as SOC 1, SOC 2, and SOC 3, are available on the company's website.

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 workflow and transactions, journal entries, disclosure and fiduciary reporting and bank fee analysis, to governance, risk and compliance - Trintech's portfolio of financial solutions, including Cadency®, Trintech Disclosure Management®, ReconNET™ , T-Recs®, and UPCS® 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 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.

SOURCE: Trintech



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