Software provides reconciliation and exception management.
October 15, 2008 -
With archival module, ReconNET 7.5 streamlines reconciliation workflow so customers can deploy resources to other areas critical to business. Program automates complex daily, monthly, and periodic accounting processes, and is suited for organizations with high-volume or complex transaction matching, exception identification, and operational risk management requirements. Security measures give customers control over ReconNET access rules such as character and case sensitivity.
Trintech Announces New Version of ReconNET Reconciliation and Exception Management Solution
ReconNET 7.5 Streamlines Reconciliation Workflow and Improves Security, Internal Controls, and Usability
DALLAS and DUBLIN, Ireland, Oct. 6 /-- Trintech Group Plc (NASDAQ:TTPA), a leading provider of integrated financial governance, transaction risk management, and compliance solutions, today announced the availability of ReconNET 7.5. The newest version of Trintech's reconciliation and account balancing application includes improved security, usability enhancements, and supports a new archival module which will help customers further streamline reconciliation workflow so they can deploy resources to other areas critical to their business.
ReconNET 7.5 includes support for current versions of Oracle and Microsoft databases, the Microsoft Windows Vista operating system, and Crystal 2008. A new automated and configurable archive module is available and supported in the 7.5 release -- allowing customers to save important historical data outside of the ReconNET production database, enabling maximum performance in the production environment.
ReconNET easily automates complex daily, monthly and periodic accounting processes, and is ideal for organizations with high-volume or complex transaction matching, exception identification, and operational risk management requirements. Additional security measures now provide customers even more control over ReconNET access rules such as character and case sensitivity. The inclusion of multi-layer sorting enables application users to save time and increase productivity, while improved navigation, pick list functionality, and the ability to delete transaction codes in bulk offers greater ease of use and control over the reconciliation process.
"The increasing sophistication of ReconNET allows clients to explore new avenues for reconciliation process improvement. Our clients continue to creatively expand their use of ReconNET for a variety of transaction types," said John Harte, EVP and General Manager for Trintech. "This latest release further increases the ability to effectively manage risk, improve operational efficiencies, and offers improved flexibility and system enhancements to benefit large enterprise users who process very high volumes of transactions daily."
About Trintech Group
Trintech Group Plc (NASDAQ:TTPA) is a leading global provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide. Trintech's recognized expertise in reconciliation process management, financial data aggregation, revenue and cost cycle management, financial close, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.
Over 600 leading global organizations realize the benefits of Trintech's configurable and highly scalable solutions everyday, including 7-Eleven, Accenture, Allianz Life North America, Ameren, Bank of Nevada, eBay, Farmer's Insurance Group, Kinder Morgan, Regal Entertainment, Rohm and Haas, Sears, UPMC, Verizon Wireless, Wyndham Worldwide, and YUM! Brands Restaurants.
Trintech's technology enables our customers to ensure their internal financial processes are optimized, improve performance through stronger management of revenue and cost cycles, ensure the accuracy and integrity of financial data, improve the quality and efficiency of the financial close process, as well as reduce the risk of material weaknesses and restatements.
For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at http://www.trintech.com/ or at our principal business office in Addison, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.
Trintech - 15851 Dallas Parkway, Suite 900 - Addison, TX 75001 - Tel 1 972 701 9802
Trintech UK Ltd. - Warnford Court, 29 Throgmorton St. - London EC2N2AT, UK - Tel +44 (0) 20 7628 5235
Trintech Technologies - Block C, Central Park - Leopardstown, Dublin 18, Ireland - Tel +353 1 293 9840
Marketing:
Joe Nicholson Vice President of Marketing
USA
Phone: 408-213-4420 E-mail this person Company Information: Name: Trintech, Inc. Address: 15851 Dallas Pkwy. City: Addison State: TX ZIP: 75001 Country: USA Phone: 800-416-0075 FAX: 972-701-9337 http://www.trintech.com
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