Category: Legal

Kitchen Culture’s Extraordinary General Meeting (EGM) on 1 November 2022 To Proceed as Planned

Relevant shareholders[2] of Kitchen Culture Holdings Ltd. today announced that they wish to reiterate and clarify to all shareholders of the Company on the following:

1. EGM to proceed on 1 November 2022, 9am as planned;
2. Relevant Shareholders had on 14 October 2022, at about 5pm, informed Kitchen Culture of the requisition of EGM;
3. Notice of EGM on a major local English newspaper was published on the 16 October 2022 edition of the Sunday Times.
4. To date (as at 24 October 2022, 6pm), Kitchen Culture has failed to announce the Notice of EGM, requisitioned by shareholders under Section 177 of the Company Act 1967, which is a clear breach of Catalist Rule 704 of the SGX Listing Manual;
5. Relevant shareholders do not need to send the Notice of EGM and Proxy Form to all Kitchen Culture’s shareholders by post, due to current exemptions[3] related to COVID-19. This exemption was also applied in the previous Annual General Meeting of the Company held in March 2022.

The Relevant shareholders said, “We encourage all shareholders of Kitchen Culture to vote at the EGM, either in person on 1 November 2022 (9am), or by proxy by 30 October 2022 (9am). Your votes matter and will determine the composition of the leadership and strategic direction of the company going forward.”

The new Board of Directors if elected, is committed to ensure the completion of the Special Audit to clear Kitchen Culture’s outstanding issues and to comply with the Notice of Compliance, paving the way for the resumption of trading in Kitchen Culture shares, which has been suspended since 12 July 2021.

For more information on Notice of EGM and CVs, please refer to the following URL: https://tinyurl.com/5bkvtepr

At the upcoming EGM, the 2 main agenda items among others to be raised are:

1. Removal of the following 5 Directors on the existing Board:
a. Mr. Lau Kay Heng
b. Mr. Lim Wee Li
c. Mr. William Teo Choon Kow
d. Mr. Ang Lian Kiat and
e. Mr. Peter Lim King Soon

2. Appointment of the following individuals to the Board:
a. Mr James Beeland Rogers, Jr. to be appointed as a Non-Executive Director of the Company;
b. Mr Yip Kean Mun to be appointed as an Executive Director of the Company;
c. Mr Lam Kwong Fai to be appointed as an Independent Director of the Company;
d. Mr Tan Meng Shern to be appointed as an Independent Director of the Company; and
e. Mr Cheung Wai Man to be appointed as an Independent Director of the Company.

[1] Section 177 Notice constituting a special notice under Section 152(2) read with Section 185 of the Companies Act 1967 of Singapore (the “Companies Act”) of the intention of the Relevant Shareholders to convene an extraordinary general meeting of the Company (the “EGM”) pursuant to Section 177 of the Companies Act.
[2] “Relevant Shareholders” refers to OOWAY Group Ltd., Koh Cher Chow, Lin Xiao Long, Ling Chui Chui, Koh Ngin Joo, Lim Cheng Huat, Chew Yu Sheng and Soh Koon Eng.
[3] Due to COVID-19 pandemic, pursuant to paragraph 5(1) read with the First Schedule of the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020, the Company may convene, hold, conduct, whether wholly or partly, the Annual General Meeting, by electronic means. This includes Provision for laying and production of documents at a general meeting of a listed company which can be via electronic means.

Issued by Relevant Shareholders of Kitchen Culture Ltd.

Media and Investors Contact:
Email: query@oowayasia.com

– EGM to be held on 1st November 2022, 9.00 am at Toucan Room Level 4, Grand Copthorne Waterfront Hotel, 392 Havelock Road, Singapore 169663.
– EGM is convened in accordance with and in compliance with Section 177[1] of Companies’ Act 1967
– As required by legal procedure, Notice of EGM was published in the Straits Times (Sunday Times edition) on 16 October 2022

Kitchen Culture Holdings Ltd. [SGX: 5TI] [BBG: KCH:SP] [RIC: KCHL.SI] https://kcholdings.com.sg

Olympus Announces Leadership Succession Plan

  • Stefan Kaufmann tentatively appointed new Director, Representative Executive Officer, President and CEO as the global medtech leader prepares for the company’s next stage of growth

Olympus Corporation (Olympus), a global medtech company committed to making people’s lives healthier, safer and more fulfilling, today announced that Stefan Kaufmann, the current Director, Executive Officer and Chief Administrative Officer, has been tentatively appointed Director, Representative Executive Officer, President, and CEO of the company effective April 1, 2023. Yasuo Takeuchi, the current Director, Representative Executive Officer, President, and CEO will serve as Director, Representative Executive Officer, Chairman, and ESG Officer. These changes are scheduled to be formally decided by the Board of Directors at the end of March 2023.

Stefan Kaufmann tentatively appointed new Director, Representative Executive Officer, President and CEO as the global medtech leader prepares for the company’s next stage of growth

The leadership transition is intended to strengthen the company’s management foundation as Olympus executes its value-creation plan. Takeuchi has led Olympus’ recent transformation journey to become a leading global medtech company. Moving forward, Kaufmann will lead the company’s resources to elevate the standard of care in targeted diseases and pursue Our Purpose of “making people’s lives healthier, safer and more fulfilling” and accelerate its growth.

Yasuo Takeuchi: Celebrated Architect of Change
Takeuchi’s four-year tenure at the helm of Olympus saw the most extensive corporate reorganization in the company’s storied 103-year history. An Olympus veteran with more than four decades of experience with the company, Takeuchi oversaw the transfer of the company’s imaging and scientific solutions businesses and its renewed focus on medtech, with the introduction of a myriad of operational changes and structural reforms bringing improvements in efficiency, innovation, and customer care.

Key achievements include changing the governance structure into a nomination committee structure. This has resulted in an executive management structure consisting of fewer people, which has streamlined the internal decision-making process. Additionally, global governance structure has been strengthened by increasing management agility and enhancing diversity of Board of Directors. Takeuchi has expanded the global research and development network and has comprehensively managed the business on a global scale. He also spearheaded the company’s global business development through acquisitions and early-stage investments to stimulate next-generation innovation.

Despite the volatility of the global economic environment in recent years, Olympus has achieved strong financial results and managed to reach committed targets, and is on track to achieving over 20% consolidated corporate operating margin.

Takeuchi stated: “It has been a privilege to lead Olympus through a historic moment for the company. With the completion of the groundwork of transformation in the first three years since the corporate strategy was announced in 2019, we can now shift to the next phase to accelerate growth and improve performance. I have full confidence that Stefan will continue this momentum. He has been instrumental in implementing the Transform Olympus initiatives and in shaping the future direction of the company to expand our contribution to global healthcare and address unmet needs with gastrointestinal, urological, and respiratory care solutions. After more than 15 years of working closely with Stefan, I look forward to continuing our partnership and to supporting him as he leads Olympus to the next level of growth and organizational efficiency.”

Stefan Kaufmann: Enduring Focus on Growth and Impact
An Olympus veteran with two decades of experience in senior roles, Kaufmann has a background in human resources and a strong track record in driving transformational change for Olympus in the complex Europe, Middle East, and Africa region.

Kaufmann most recently served concurrently as Olympus’ Chief Administrative Officer, Chief Strategy Officer, and Chief Transformation Officer, with responsibility for overseeing the implementation of the Transform Olympus program.

“I am honored and humbled at the opportunity to serve as the next Director, Representative Executive Officer, President, and CEO of Olympus,” Kaufmann said. “After years of very successful transformation, we see further opportunities to advance our global operations and processes with a strong focus on elevating the standard of care to benefit our customers and patients. Looking three-to-five years ahead, our key themes will be innovation, research, and development and inorganic growth, competitive performance, talent development, and sustainability.”

From April 2023, Kaufmann will drive the continued expansion of Olympus in the medtech field and prioritize business excellence as the company adapts to changing clinical needs and stricter ESG requirements.

Olympus will retain its strong customer orientation under Kaufmann and will continue to increase innovation cycles through in-house research, acquisitions, investment, and co-creation with industry partners. One of his priorities is the development of the quality and regulatory function toward further maturity, which is critical in the medical industry. He will also focus on evolving the work culture and developing the talent base in both Japan and globally.

Newly Appointed Executive Officers
The composition of the Group Executive Committee (GEC) will be changed following the leadership transition. The roles of Chief Administrative Officer and Chief Operations Officer will be dissolved, while the business leadership of ESD and TSD, Chief Quality Officer, Chief Human Resources Officer, as well as the Chief Strategy Officer will join the GEC, bringing a greater diversity of views and industry best practices.

About Olympus
Olympus is passionate about creating customer-driven solutions for the medical, life sciences, and industrial equipment industries. For more than 100 years, Olympus has focused on making people’s lives healthier, safer and more fulfilling by helping to detect, prevent, and treat disease; furthering scientific research; and ensuring public safety. In its Endoscopic Solutions business, Olympus uses innovative capabilities in medical technology, therapeutic intervention, and precision manufacturing to help healthcare professionals deliver diagnostic, therapeutic, and minimally invasive procedures to improve clinical outcomes, reduce overall costs and enhance the quality of life for patients. Starting with the world’s first gastrocamera in 1950, Olympus’ Endoscopic Solutions portfolio has grown to include endoscopes, laparoscopes, and video imaging systems, as well as customer solutions and medical services. For more information, visit www.olympus-global.com and follow our global Twitter account: @Olympus_Corp.

Contact
Nao Tsukamoto – Global-Public_Relations@olympus.com

Olympus Corp. [TYO: 7733] [ADR: OCPNY] [GDR: OLYS], https://www.olympus-global.com.

ARMA International and RIMPA Global Announce Formation of an International Consortium to be Voice of Information Governance Globally

This past April ARMA International announced a Global Partnership with the Records and Information Management Professionals Australasia (RIMPA Global), the longest serving peak body for industry practitioners in the southern hemisphere to better serve the information management profession worldwide. The global partnership between these two leading worldwide organizations provides many benefits to their collective 7,000 members who now have the opportunity for joint membership in both organizations; access to reciprocal resources including communities and professional development, education, and certifications; and advocacy for the information management and information governance profession. Together the two organizations are working together to provide a unique perspective on global information issues.

“Through this relationship we have begun the formation of an international consortium to be voice of information governance globally. This new body is vital to Advocate for the industry and Build a Global Community for the Information Management Profession. By bolstering thought leadership, supporting the career advancement of information professionals by establishing standards and increased awareness; and establishing this global community bolstered by strong partnerships, we will move the industry forward and achieve together, what we cannot apart,” explained Nathan Hughes, Executive Director, ARMA International.

The two organizations have already begun collaborating. Nathan Hughes, Executive Director of ARMA and Wendy McLain, President of ARMA attended the RIMPA Live 2022 Convention, in June in Canberra, Australia, and participate in meetings with the RIMPA Global Board. Anne Cornish, Chief Executive Officer of RIMPA Global and Thomas Kaufhold, Chair of the Board of RIMPA Global attended ARMA’s InfoCon 2022, held this week in Nashville, TN, and participated in meetings with the ARMA Board.

ARMA International (www.arma.org), formed in 1955, is the world’s leading membership organization serving almost 5,000 professionals who manage and govern information in 52 countries. Members represent the community of records management, information management, and information governance professionals who harness the benefits and reduce the risks of information. ARMA provides information professionals with the resources, tools, and training they need to effectively manage records and information within an established information governance framework. Works that are associated with the framework include the Principles, the Information Governance Maturity Model and the Information Governance Body of Knowledge (IGBOK). ARMA recognizes professionals who have mastered these concepts through the Information Governance Professional (IGP) Certification.

The Records and Information Management Professionals Australasia (RIMPA Global) (www.rimpa.com.au/) established in 1969, represents over 2,000 professionals and organizations in the private sector, Commonwealth, Federal, State and Local Governments. RIMPA Global has active Branches and Chapters operating in all states and territories across Australia and New Zealand. RIMPA Global is the longest serving peak body for industry practitioners in the southern hemisphere and actively promotes best practice, sets industry standards and fosters professional development across all business sectors and educational institutions. Through its international partnerships with other peak bodies, RIMPA Global provides its members with access to an accomplished framework of professional associations. RIMPA Global has strategic alliances with the Information Governance ANZ, Institute of Managers and Leaders (IML), Australian Library and Information Association (ALIA), Australian Society of Archivist (ASA) and Leadership Through Data.

For further information, contact:
Amy Riemer, Media Relations Representative
978-475-4441 (office) or 978-502-4895 (cell)
amy@riemercommunications.com

SOURCE: ARMA International

Trintech Is Awarded “Easiest to Do Business With” and “Fastest Implementation” Badges in G2’s Fall 2022 Report

Trintech, a leading global provider of cloud-based financial close solutions for the Office of Finance, today announced the company has received several new badges based on customer reviews received on G2, a leading global tech marketplace and review platform. In addition to multiple references to impeccable customer service, the company’s Adra Suite (financial close solution for mid-market organizations) received the only badge for “fastest implementation” in the Implementation Index for Financial Close category and its Cadency Platform (financial close solution for large enterprises) received the only badge for “Easiest to Do Business With” in the Relationship Index for Financial Close category.

“We are honored to be recognized for our commitment to delivering the very best user experience possible for our customers,” said Leo Yancey, Chief Customer Officer of Trintech. “It is a reflection of the trust, confidence, and satisfaction that our customers place in Trintech’s ability to help them deliver a quick and accurate close process each month.”

Trintech’s Fall 2022 G2 Badges include:

  • Leader – Mid-Market Grid(R) for Financial Close (substantial satisfaction and market presence scores)
  • Fastest Implementation – Financial Close Implementation Index (shortest go-live time in its category)
  • Easiest to Do Business With – Financial Close Relationship Index (highest Ease of Doing Business With rating)
  • High Performer – Grid report for Financial Close | Fall 2022 (high customer satisfaction scores)
  • High Performer – Enterprise Grid(R) Report for Financial Close (high customer satisfaction scores)
  • Users Love Us (20+ reviews with an average rating of 4.0 stars)

“Ranking on G2 reports are based on data provided to us by real software buyers,” said Sara Rossio, Chief Product Officer at G2. “Potential buyers know they can trust these insights when researching and selecting software because they’re rooted in vetted, verified, and authentic reviews.”

Trintech top five highlights from G2 include:

  • “Innovative time-saving tool that provides management visibility during month-end processes”
  • “Great reconciliation tool with great service”
  • “Great customer service – Very knowledgeable and responsive with any questions or issues we had during the implementation”
  • “Amazing product – I had zero experience with this product and was able to navigate and utilize the functionality of what it offers quickly”
  • “Great solution for small/medium-sized firms to get organized for month-end close and reconciliations”

To learn more about Trintech’s financial close solutions, visit Trintech.com.

About Trintech
Trintech Inc., a pioneer of financial corporate performance management software, combines technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands, and the Nordic countries, as well as strategic partners in South Africa, Latin America, and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kelli Shoevlin
Sr. Manager, Global Corporate Marketing & Communications
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.

HKIoD Organises Directors’ Conference 2022 – “From Resilience to Sustainability”

The Hong Kong Institute of Directors (HKIoD) hosted Directors Conference 2022 yesterday at the Hong Kong Convention and Exhibition Centre. With the HKSAR and also HKIoD both celebrating their 25th anniversary, the conference this year extended to a full day, featured 11 sessions including power talks and in-depth panel discussions held physically and online with 430 attendees in all.

Directors’ Conference 2022 held physically and online with 430 attendees in all.
Opening address by The Honourable Michael Wong, GBS, JP, Deputy Financial Secretary
In his closing speech, Mr Christopher Hui, GBS, JP, Secretary for Financial Services and the Treasury thanked the HKIoD for organizing this meaningful conference.

Welcoming participants to the event, Dr Christopher To, Chairman of HKIoD, said, “In the last five years, Hong Kong has continued to rank high in competitiveness or as a global financial centre in the world, suggesting that Hong Kong is somewhat resilient amid adversities including the pandemic. However, as there are still many looming uncertainties, we must not be complacent. We should learn the true meaning of resilience and gain skills in implementing sustainability initiatives and engaging stakeholders in developing sustainable business practices in such VUCA times.” Citing the HKIoD Corporate Governance Scorecard, Dr To noted that Hong Kong listed companies have been improving in corporate governance over the past 16 years while the demands have been increasing as per global trends.

The conference brought together 21 world-class business and community leaders, scholars and policy makers to share their insights on a spectrum of topics, including (1) Fusion of People, Ideas and Technology; (2) Roadmap of Driving for Excellence; (3) Hong Kong’s Role as an IFC in RMB Internationalisation; (4) Non-profits’ Business Purpose; (5) Driving a Top-notch Financial Market; (6) The Board to Lead in Climate Governance; (7) Leading to Survive and Thrive in Challenges; and (8) The Rule of Law in Doing Business Going on to 2047.

Dr Carlye Tsui SBS JP, Chief Executive Officer, HKIoD, said: “Crises can make an organisation stronger and more resilient when its leaders have the determination, foresight and wisdom to turn the tide and triumph over turbulence. We should all be seeking proven measures to help our organisations fend off challenges and achieve true sustainability.” Learning from COVID-19, Dr Tsui noted the global director perspective that the top items on board agenda are broader risk-set, enhanced ESG and greater stakeholder communication. She also advised that in this digital age, boards should regard technological change with a strategic perspective, continuing learning and assessment of the leadership and culture readiness for it.

About The Hong Kong Institute of Directors
The Hong Kong Institute of Directors is Hong Kong’s premier body representing directors to foster the long-term success of companies through advocacy and standards-setting in corporate governance and professional development for directors. A non-profit-distributing organisation with membership consisting of directors from listed and non-listed companies, HKIoD is committed to providing directors with educational programmes and information service and establishing an influential voice in representing directors. With international perspectives and a multi-cultural environment, HKIoD conducts business in biliteracy and trilingualism. Website: http://www.hkiod.com.

Media Enquiries:
Strategic Public Relations Group
Brenda Chan +852 2114 4396 brenda.chan@sprg.com.hk
Chak Yau +852 2114 4395 chak.yau@sprg.com.hk

The Hong Kong Institute of Directors
Odessa So +852 2889 4988 odessa.so@hkiod.com
Joanne Yam +852 2889 1414 joanne.yam@hkiod.com

Value Research Center, Kyoto at the UNGA77 Science Summit

Valuing Value: How any organization can measure stakeholder value and “Ethical Capitalism”

What qualifies a ‘good’ company these days? How can a company’s impacts on key stakeholders be honestly measured?

Prof. Philip Sugai, Director of the Value Research Center (VRC) at Doshisha University, Kyoto will share how he and his research team have integrated and synthesized many of the world’s top ESG and sustainability reporting frameworks into The Value Model, a goal-based, objective, and transparent model for measuring stakeholder value at this year’s UN General Assembly Science Summit.

The theme of this year’s Science Summit is “The Role of Science and Innovation in Attaining the United Nations’ Sustainable Development Goals (SDGs).” This event brings together scientists, academics, government leaders and citizens from around the world to participate in a series of workshops, presentations and discussions. The 8th annual Science Summit is being held live in New York and online and it is free to attend.

This presentation is one of seven events hosted by the Okinawa Institute of Science and Technology (OIST) and its co-host, the Permanent Mission of Japan to the United Nations.

“Our half-day workshop aims to help move beyond the politics surrounding discussions around sustainability,” said Prof. Sugai. “Based on an ethical foundation from Japan, we’ll define what a ‘good’ company is, then explore how company impacts on its stakeholders can be measured and managed, and finally how this kind of measurement model can be used to develop both practical regulatory oversight as well as forward-thinking, value-focused business strategies across developed and developing economies.”

Following Prof. Sugai’s opening presentation, he and Prof. Toshiya Hoshino, Director of the ESG Integration Research and Education Center (ESG-IREC), OSIPP, Osaka University, will discuss how value measurement and more meaningful ESG reporting can help further enhance the achievement of SDGs, as well as Japan’s unique role and contribution to these issues.

After this discussion, a panel of experts in Japanese business and sustainability reporting who have deep experience across academia, industry, and government policy will dig more deeply into the essence of value, Japan’s historical and current efforts to align this history with the current challenges addressed by the achievement of Sustainable Development Goals, and how business can continue to drive real and measurable achievement of these in a just and equitable way.

Panel speakers include:

  • Prof. Haruko Satoh (Moderator), Co-Director, OSIPP-IAFOR Research Centre, Osaka University
  • Masato Yamazaki, Professor Emeritus of Economics, Aquinas College
  • Yoshie Sugai, Founder and Head Instructor, Chiseikan Dojo
  • Trista Bridges, Cofounder & Principal, Author, Read the Air
  • Jin Montesano, Chief People Officer, LIXIL Corporation
  • Kumar Iyer, Sustainable Strategy Mentor

The Valuing Value half-day workshop will be held on Monday, Sept 26 from 9:00 – 11:30 EST (22:00 – 00:30 JST).

Details of the Valuing Value workshop are here:
https://ssunga77.sched.com/event/1AWkD/valuing-value-how-any-organization-can-measure-stakeholder-value-and-ethical-capitalism/

Registration for Science Summit at UNGA77 (free) is here:
https://www.eventbrite.be/e/science-summit-at-unga77-september-2022-tickets-258988691147

About the Value Research Center
The Value Research Center (VRC) at Doshisha University in Kyoto, Japan was established in November 2021. Its mission: develop a practical system for organizations to measure, monitor, assess and report on the impacts they have on various stakeholder groups; the company, its shareholders, employees, customers, partners, society, and the planet.

The VRC enhances its Value Model continuously, integrating new frameworks as they’re introduced, bringing greater transparency, objectivity and measurability to value creation – in ways we often didn’t see. The VRC Value Model gives government and industry the eyes to see impacts they’re actually having, and the ability to fix what’s broken and enhance what they’re doing well. Learn more at www.valueresearchcenter.com.

About the ESG-IREC Research Center
The Osaka University Graduate School of International Public Policy – ESG Integration Research and Education Center (ESG-IREC) conducts research on practical implementable “ESG integration” models in corporate and business activities for the creation of a more sustainable future. Visit www.osipp.osaka-u.ac.jp/en/.

Trintech and SatoriFP&A Announce Strategic Partnership in APAC to Bring Finance & Accounting Processes Closer Together

Trintech, a leading global provider of cloud-based financial close solutions for the Office of Finance, and Satori FP&A, a leading reseller of solutions that promote finance automation, continuous planning, reporting, modelling and data integration, today announced a strategic partnership to offer an integrated end-to-end solution for the financial and accounting process. This partnership will provide customers with a best-in-class single source of truth of their financial data, accelerating the end-to-end FP&A, consolidation, and accounting close processes in a seamless experience.

“This strategic partnership with Trintech connects financial close management to financial planning and analysis, and will help F&A teams shift their focus from manual, tedious processes to critical business priorities,” said Avron Newstadt Commercial Director of SatoriFP&A. “We’re excited to partner with Trintech as their solutions, company culture and target market is perfectly complementary to SatoriFP&A and will better position us to meet the evolving needs of the market.”

Together, the combination of SatoriFP&A and Trintech’s financial close solutions further expands Trintech’s existing partnerships with Planful and Workiva to enable these essential functions:

  • Financial Planning: Planning, budgeting, forecasting, including cash flow
  • Operational Planning: Revenue, inventory, demand planning, along with sales and operations planning
  • Close Management: Balance sheet reconciliation, journal entry management, high-volume transaction matching, data validation, account mapping, workflows, and accruals
  • Financial Consolidation: Intercompany eliminations, foreign currency, and GAAP/IFRS regulations
  • Reporting and Analysis: Variance analysis, performance analytics, and financial and management reporting

“We are excited to be partnering with SatoriFP&A as we continue to expand and grow the Trintech business across ANZ and APAC,” said Fintan Diviney Director, APAC at Trintech. “SatoriFP&A brings immense knowledge and experience in best practices for F&A organizations and also has existing relationships with 2 of Trintech’s strategic technology partners, Planful and Workiva. This partnership will continue to strengthen Trintech’s partner ecosystem focused on helping F&A teams to work faster, more effectively, and with more confidence with close management processes deeply connected to FP&A.”

To learn more about the partnership between SatoriFP&A and Trintech, click here ( https://satorifpa.com.au/trintech/ ). To reach the sales team directly, contact: anewstadt@satorifpa.com.au.

About SatoriFP&A
For the last 25 years, SatoriFP&A has been assisting companies and the office of CFO & finance with solutions to improve their Month-End Close and FP&A processes. From transaction matching, account reconciliation, budgeting, planning, forecasting, reporting, dashboards, financial modelling, financial data aggregation, and Financial Data ETL. Satori has assisted companies small medium and large across multiple industries including, Retail, Financial & Business Services, Utility, Mining, Travel, Industrial, Manufacturing & Distribution. Our team are all ex-Finance Professionals CAs or CPAs, so we know the pain of, and modern solutions for, your manual excel based processes.

About Trintech
Trintech Inc., a pioneer of financial corporate performance management software, combines technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands, and the Nordic countries, as well as strategic partners in South Africa, Latin America, and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

SOURCE: Trintech, Inc.

Value Research Center (VRC) publishes August White Paper: The VRC Value Model & EFRAG

  • ESG reporting, the EFRAG model, and the overall quality of the VRC Value Model

Companies and sustainability teams need a new model for measuring and managing stakeholder impacts, as claims of corporate greenwashing and value washing increase daily. The Value Research Center (VRC) at Doshisha University in Kyoto, Japan has announced the publication of its 2022 August White Paper, focusing on the European Financial Reporting Advisory Group (EFRAG’s) latest disclosure drafts for sustainability reporting, and how this model aligns with and deepens the overall quality of the VRC Value Model.

The Value Research Center (VRC) publishes 2022 August White Paper: The Value Model & EFRAG

According to Professor Philip Sugai, Director of the Value Research Center, “After integrating EFRAG’s 114 draft disclosure requirements into the VRC Value Model, we were impressed with the scope of EFRAG’s coverage of many of the Value Model’s stakeholders, themes and goals. Especially with their push for companies to document their impacts using ‘double materiality’, we see a shift towards greater understanding of business decisions on individual stakeholder groups.”

SAP Japan International Ambassador Paul Beddie said, “The VRC In Kyoto has been working to organize the world’s top ESG and Sustainability Reporting frameworks into a goal-based, value creation model that will help companies to create value across their key stakeholders. Companies around the world are in desperate need of a way to consolidate the alphabet soup of standards to reduce their workload on ESG reporting and focus more on the critical ESG outcomes they transformed their businesses to achieve.

“The VRC’s Value Model is a very effective tool for doing just that. The additional integration of the draft reporting standards from EFRAG should also help companies doing business in the EU to align their disclosures with the EU Taxonomy.”

With the publication of the August White Paper, the VRC will begin to collaborate with several of the world’s leading companies in adopting the VRC Value Model, applying it to their own ESG and sustainability reporting requirements, and creating forward-looking sustainability strategies rather than backwards-focused disclosures.

Professor Sugai will be hosting a session at the UNGA77 Science Summit, where he will discuss the VRC Value Model and its broader practical applications, together with a panel of experts from academia, government, and business.

The UNGA77 Science Summit session, “Valuing Value: How any Organization Can Measure Stakeholder Value and “Ethical Capitalism” (https://ssunga77.sched.com/event/1AWkD), will be held on Sept 26 from 9:00 to 11:30 AM EST. Registration for the complete UNGA77 Science Summit is free and available at https://ssunga77.sched.com/tickets.

The “2022 August White Paper: The Value Model & EFRAG” is available for download at the Value Research Center website: www.valueresearchcenter.com/publications.

For more information about the Value Research Center and its projects, please visit: www.valueresearchcenter.com, or email Professor Philip Sugai at: info@valueresearchcenter.com .

About the Value Research Center
The Value Research Center (VRC) at Doshisha University in Kyoto, Japan was established in November 2021. Its mission: to develop a practical system for organizations to measure, monitor, assess and report on the impacts that they have on various stakeholder groups.

The VRC continues to enhance its Value Model, integrating new frameworks as they’re introduced, bringing greater transparency, objectivity and measurability to value creation – in ways we didn’t see. The VRC Value Model gives government and industry eyes to see the impacts they’re actually having, to fix what’s broken, and enhance what they’re doing well. For more information, visit www.valueresearchcenter.com.

Trintech Announces Latest Release of CadencyDirect to Drive Greater Efficiency and Control across the Financial Close Process for ServiceNow Customers

CadencyDirect 2.0 Features New Bi-Directional Workflows, Greater Journal Entry Management Capabilities, and a More Enhanced User Experience

Trintech, a leading provider of cloud-based financial close solutions for the Office of Finance, today announced the latest release of CadencyDirect which extends digital workflows for the Office of Finance with new bi-directional workflows for close tasks, enhanced Journal Entry management capabilities, and a greater user experience.

“With this release, we are helping F&A teams continue to achieve enhanced visibility and control of critical financial data in order to handle risk with confidence,” said Michael Ross, Chief Product Officer of Trintech. “With these new bi-directional workflows, ServiceNow customers are positioned to reduce complexity and risk, accelerate the overall process, and drive a greater experience for their teams.”

Key capabilities of this release include:

  • Bi-Directional Workflows: Users can individually or bulk close or reopen tasks within the ServiceNow(R) Application
  • Enhanced Journal Entry Dashboard: Users can now filter and view all Journal Entry detail components
  • Enhanced User Experience: Users can now access the CadencyDirect platform in a one-click, SSO-enabled user experience

“We are continuing to see companies driving digital transformation initiatives, including within the Office of the CFO,” said Erica Volini, Senior Vice President, Global Alliances & Partner Ecosystem at ServiceNow. “Instrumental in our partnership with Trintech, CadencyDirect is representative of the technology investments companies must make to drive business transformation. CadencyDirect connects a historically siloed finance team to the broader enterprise for better collaboration, improved employee experience and enhanced operational excellence.”

CadencyDirect is certified as part of the ServiceNow Built on Now(TM) program that complements and extends financial operations management so that CFOs and their teams can digitize workflows across the financial close process – helping to reduce complexity and risk, accelerating the overall process, and driving a greater experience for the entire enterprise. The platform combines all financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management and compliance and provides a connected, collaborative ecosystem by leveraging a mature and very robust set of financial controls, along with deep automation and integration capabilities that seamlessly connects with leading ERPs such as SAP(R), Oracle(R), and NetSuite(R).

Whether you’re an experienced ServiceNow user looking to synchronize your mature or in-progress digital transformation, or just starting your transformation journey, CadencyDirect is where Financial Transformation meets Digital Transformation. For more information, please contact either your appropriate ServiceNow or Trintech representative or go to www.trintech.com/CadencyDirect for more information.

About Trintech
Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries.

Media Contact:
Kelli Shoevlin
Sr. Manager, Global Corporate Marketing & Communications
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.

Adra and Cadency by Trintech are Certified by SAP for Integration with Cloud Solutions from SAP

By integrating with SAP S/4HANA(R) Cloud, Trintech’s mid-market and large enterprise solutions drive finance transformation and value

Trintech Inc., a leading global provider of cloud-based financial close solutions for the Office of Finance, today announced that its Adra Connector for S/4HANA(R) Cloud, its mid-market suite, and Cadency Connector for S/4HANA Cloud, its large enterprise platform, are certified by SAP for integration with cloud solutions from SAP to deliver finance transformation and value to customers.

“Trintech continues to deliver new integration capabilities to provide customers with even more value in their financial transformation journeys,” said Michael Ross, Chief Product Officer at Trintech. “These integrations bring enhanced control, automation, and data integrity to finance and accounting departments around the world, while also helping to ensure that data flowing to and from their SAP solutions is as seamless as possible.”

Data integration is fundamental in enabling the Office of Finance to modernize its operations. Bi-directional in nature, Cadency and Adra reduce the cost, time, and risk of data integration by automatically retrieving the data required for reconciliation and close processes.

Solutions that are SAP-certified can be efficiently integrated into SAP solution environments and can reduce overall IT investment costs and risks. In addition, Trintech(R) Smart Automation (also SAP-certified) combines process automation with risk-based capabilities to enable finance teams to focus on high-risk transactions or processes, add value to the finance deliverables, and provide insight to help drive continuous improvement. Most recently, Trintech is extending its Smart Automation capabilities with the release of an automation dashboard that provides real-time visibility and statuses of Smart operational processes.

Trintech currently has hundreds of customers running SAP solutions alongside its solutions such as Siemens, HP, GSK, and Serco Group PLC. Cadency and Adra are ERP-agnostic, offering the ability to support all instances of ERPs and GL systems for complete visibility across all business units, geographies, and sources.

SAP Integration and Certification Center (SAP ICC) has certified that Trintech’s Adra Connector for S/4HANA Cloud and Cadency Connector for S/4HANA Cloud solutions integrate with SAP S/4HANA Cloud using standard integration technologies, or that run as an add-on to a cloud solution from SAP.

About Trintech
Trintech Inc., a pioneer of financial corporate performance management software, combines technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands, and the Nordic countries, as well as strategic partners in South Africa, Latin America, and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

Media Contact:
Kelli Shoevlin
214-957-5009
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.