Tag: 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.

ServiceNow Customers Empowered to Drive Better Risk-Informed Decisions across the Enterprise with the Latest Release of CadencyDirect

  • CadencyDirect Extends Digital Workflows for the Office of the CFO with Journal Entry Automation Further Strengthening Companies’ Digital Transformation, IRM, GRC and ESG Initiatives

Trintech, a leading global provider of integrated financial close automation software solutions for the Office of Finance, today announced the latest release of CadencyDirect which extends digital workflows for the Office of Finance with journal entry automation. This provides key stakeholders across the business with visibility and transparency into historically siloed disciplines to create a more connected organization that opens the door to enterprise-wide digital transformation.

“With this release, we are helping to make work flow more seamlessly for CFOs and their financial teams by helping them achieve enhanced visibility and control of critical financial data in order to handle risk with confidence,” said Michael Ross, Chief Product Officer of Trintech. “By supporting a fully configurable end-to-end workflow, CadencyDirect eliminates common challenges found in manual approaches when creating financial data by delivering real-time visibility, control and validation across the financial close process and a better employee experience.”

A key capability delivered with this release includes the ability for critical journal entry tasks and issues to trigger notifications and workflows throughout the entire enterprise, regardless of function, within the Now Platform(R). Examples include:

  • Topside Journal Visibility: A real-time trigger will generate a workflow task and tracked notifications for specific Disclosure & Reporting team members
  • High-Risk Journal Posting Visibility: A real-time trigger will generate a workflow task and tracked notifications for specific senior finance leadership that a high-risk journal has posted
  • Internal Audit Journal Entry Rejection Visibility: A real-time trigger will generate a workflow task and tracked notifications for journal rejections while also mapping to controls framework, such as Sarbanes-Oxley, managed within SerivceNow GRC to ensure real-time visibility to compromised controls

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
214-957-5009
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.

Trintech Is the Only Financial Close Solution Provider with Certified Integrations Across All Microsoft Dynamics 365 Cloud ERP Platforms

Trintech Adra expands its partnership with Microsoft by announcing its newest integration into Microsoft Dynamics 365 Business Central.

Trintech, a leading global provider of integrated Record to Report software solutions for the Office of Finance, expands its partnership with Microsoft by announcing its newest integration into Microsoft Dynamics 365 Business Central. This expanded partnership makes Trintech’s Adra Suite the only financial close solution with a certified Microsoft Dynamics 365 Business Central Connector and builds upon its already existing portfolio of Microsoft Connectors to support any Microsoft Dynamics customer regardless of version, past or present and on-premise or in the cloud.

With Microsoft playing a central operations role for thousands of companies, older versions of AX, Navision (NAV), Solomon, and Great Plains remain the daily lifeblood of these companies. Trintech integrates into every Dynamics version to enable current operations, while also providing for the future as organization’s migrate to newer Dynamics platforms.

“We are excited to announce our expanded partnership with Microsoft with the addition of our certified Microsoft Dynamics 365 Business Central connector,” said Darren Heffernan, President, Mid-Market at Trintech. “This additional integration builds upon our previous integration into Microsoft Dynamics 365 F&O and now positions our Adra Suite as the ‘go to’ financial close solution for Microsoft Dynamics customers. This partnership will provide customers with one seamless experience that will increase efficiency and accuracy while simultaneously reducing the cost and risk across their financial close process.”

Just a few of the many benefits finance & accounting departments will gain include:

  • Visibility across all tasks in the financial close process
  • Control and automation of reconciliations
  • Shortened close cycle through efficiency gains
  • Automated notifications of balance changes throughout the close
  • Reduction in write-offs

Currently deployed by over 1,800 clients across the globe, the Adra Suite provides cloud-based, financial close and reconciliation solutions for companies looking to quickly increase the efficiency, control and visibility for all key areas of the financial close process including: balance sheet reconciliations (Adra Balancer), transaction matching (Adra Matcher), financial task management and controls (Adra Task Manager), and reporting (Adra Analytics).

Learn more about Trintech’s integrations into Microsoft Dynamics 365 Finance and Microsoft Dynamics 365 Business Central.

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.

Media Contact:
Kelli Shoevlin
Public Relations Manager
Kelli.Shoevlin@trintech.com

SOURCE: Trintech Inc.

Trintech Named to Inc.’s First-Annual Best-Led Companies List

  • First-ever roundup of companies recognized for management excellence in performance and value creation, market penetration and customer engagement, talent, and leadership team

Trintech, a leading global provider of integrated Record to Report software solutions for the Office of Finance, today announced that it has been named to Inc.’s first-annual ‘Best-Led Companies’ list – a select, data-driven list of the strongest U.S. firms with revenue of $50 million to $2 billion. This novel program is the first Inc. recognition to honor both public and private companies.

The final list recognizes 250 companies that are agile enough to maneuver but also big enough to have a broad impact. These companies employ 35 million people, about one of four U.S. workers. All 250 have a successful track record with leadership teams that spur solid performance, create value, penetrate markets, engage with customers, and more.

To be considered for the list, each company had to fill out an application answering questions about its performance, executive team, and leadership. Applicants were then analyzed via an algorithm that identified the very best companies according to their leadership teams’ superlative accomplishments in four key areas: performance and value creation; market penetration and customer engagement; talent; and leadership team.

“This inaugural list of companies represents the remarkable midsized companies, both public and private, often founder led, that are at the vanguard of reinventing American business,” says Scott Omelianuk, editor-in-chief of Inc. magazine. “With their leadership, all business will benefit from an exciting, competitive future full of possibilities.”

“Innovation is a cornerstone of our ethos,” says Teresa Mackintosh, CEO of Trintech. “And we’re unwavering in our commitment to continue to innovate, even and especially over the last year and a half. Even as we established key strategic partnerships with ServiceNow, Planful, and Microsoft, all providing new solution values for our joint customers, we continued innovating within our own solutions to create greater value for our existing and prospective customers. It is a true honor to be recognized by Inc. on this inaugural list and to be amongst the companies setting the benchmark for others to come.”

Trintech is committed to providing world-class, innovative solutions that deliver increased efficiency, real-time visibility, collaboration and control to mid-market and enterprise organizations around the world. For over 35 years, Trintech has driven innovation and automation throughout the Record to Report (R2R) process with solutions that empower finance and accounting teams with purpose-built technology. Trintech’s solutions enable those teams to go beyond balancing the workload and eliminating manual work from the reconciliation and close process, to analyzing the data and applying human capital and intelligence to higher value tasks such as problem solving and evolving the business with time that is saved.

To compile the list, Inc. evaluated private and public U.S.-based companies with a 2020 revenue of $50 million to $2 billion or a valuation of $50 million to $10 billion using a proprietary 12-point measure of management excellence generated with input from partners at Pitchbook and Shango Labs.

To see the complete list, go to: https://www.inc.com/best-led-companies/2021

The November issue of Inc. magazine is available online now at https://www.inc.com/magazine and will be on newsstands beginning November 9, 2021.

About Inc.
The world’s most trusted business-media brand, Inc., offers entrepreneurs the knowledge, tools, connections, and community they need to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across various channels, including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 allows the founders of the best businesses to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

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, 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.

Media Contact:
Kelli Shoevlin
214.957.5009
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.

CadencyDirect Integrates into ServiceNow’s GRC Solution to Drive Better Risk-Informed Decisions across the Enterprise

ServiceNow customers can achieve significant ROI potential including: Up to a 40% reduction in internal audit effort, up to a 20% reduction in time testing controls, and up to a 14% reduction in misstatement risk with CadencyDirect

Trintech, a leading global provider of integrated financial close automation software solutions for the Office of Finance, today announced the latest release of CadencyDirect which now integrates into ServiceNow’s GRC solution to help customers strengthen their compliance frameworks and drive better risk-informed decisions across the enterprise.

“At ServiceNow our aim is to make work, work better for people,” said Vasant Balasubramanian, vice president and GM of the Risk BU at ServiceNow. “Through this integration of CadencyDirect into ServiceNow’s GRC solution, we are helping to make work flow more seamlessly for CFOs and their financial teams by helping them achieve enhanced visibility and control of critical financial data in order to handle risk with confidence.”

A key capability delivered with this release includes the ability for critical financial close tasks and issues to trigger notifications and workflows throughout the enterprise within the Now Platform. With this capability, along with the integration to GRC, Trintech and ServiceNow are enabling digital transformation that reduces the risk to the global enterprise market.

“We are seeing a stronger collaboration across the C-Suite, particularly between the CIO, CFO and CAO, as digital transformation becomes more imperative for organizations,” said Robert Michlewicz, Chief Strategy Officer of Trintech. “While digital transformation introduces extensive opportunities for organizations, it also introduces new digital risk that must be managed with stronger and integrated GRC capabilities. With the latest release of CadencyDirect, key stakeholders across the business will now have the visibility and transparency into historically siloed disciplines to create a more connected organization that opens the door to enterprise-wide digital transformation.”

CadencyDirectis 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
214-957-5009
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.

Trintech Named to the 2021 AIFINTECH100 List

  • FinTech Global recognizes Trintech’s leadership in utilizing advanced Artificial Intelligence and Machine Learning capabilities to reduce the time and risk across the Record to Report process

Trintech, an industry-leading global provider of Record to Report software solutions for the Office of Finance, today announced that FinTech Global has named the company as one of the world’s most innovative AI solution providers on its inaugural AIFINTECH list for 2021. The list identifies the top 100 companies chosen by a panel of industry experts and analysts who reviewed a study of over 1,000 fintech companies undertaken by FinTech Global. The solution providers making the final list were recognized for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the financial services value chain.

Trintech has developed Financial Controls AI within its leading Record to Report platform, Cadency(R) by Trintech, to help customers quantitatively evaluate risk within the Record to Report process. Trintech’s Financial Controls AI allows customers to automate workflows based on their risk profile, all while identifying high-risk items for human review. Trintech’s Financial Controls AI strategy will continue to expand to help the Office of Finance:

– Evaluate and quantify risk across various financial close processes, entities, and functions
– Automate and optimize workflows based on risk
– Leverage insights into compliance controls through data analysis
– Develop best practices for risk evaluation, controls, automation and optimization, based on benchmarking data
– Evaluate and quantify key market trends to determine impact and drive proactive risk prevention measures

“The ability for the Office of Finance to provide real-time business-critical insights to drive confident decision-making has never been more important and we are fortunate to provide leading financial close solutions that not only speed up the Record to Report process but provide that real-time visibility to help drive those key business decisions,” said Michael Ross, Chief Product Officer at Trintech. “Over the past year, Trintech has invested heavily in its Financial Controls AI capabilities to help our customers reduce financial risk from multiple angles, save time and resources, and ultimately transform their operations.”

Cadency has helped financial institutions across the global achieve significant ROI including up to a 99% reduction in preparation time on reconciliations, up to a 90% reduction in the number of accounts needed to be reconciled and up to a 75% reduction in time for rework. Discover the ROI your organization can achieve by automating you Record to Report process.

The full AIFinTech100 2021 list is published online at www.AIFinTech100.com.

About FinTech Global
FinTech Global offers the most comprehensive data, the most valuable insights, and the most powerful analytical tools available for the global FinTech industry. FinTech Global works with market leaders in the FinTech Industry – investors, advisors, innovative companies, and financial institutions – and enables them to get the essential intelligence they need to make superior business decisions.

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.

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

SOURCE: Trintech, Inc.

Omar Choucair, Trintech CFO, Accepted into Forbes Finance Council

  • Forbes Finance Council is an Invitation-Only Community for Executives in Accounting, Financial Planning, Wealth and Asset Management, and Investment Firms

Trintech, a leading global provider of integrated Record to Report software solutions for the Office of Finance, today announced its CFO, Omar Choucair, has been accepted into Forbes Finance Council, an invitation-only community for executives in accounting, financial planning, wealth and asset management, and investment firms.

Choucair was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.

“We are honored to welcome Omar into the community,” said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Finance Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world.”

As an accepted member of the Council, Omar has access to a variety of exclusive opportunities designed to help him reach peak professional influence. He will connect and collaborate with other respected local leaders in a private forum. Omar will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com, and to contribute to published Q&A panels alongside other experts.

“This is a critical time for CFOs across the business spectrum – our role is evolving at a breakneck pace, and I can’t think of a better community with whom to ideate on what the future can and should look like,” Choucair says. “I’m excited to join the Forbes Finance Council and share insights around industry trends I’m involved in firsthand with our clients, like digital transformation in the Office of Finance, challenges and opportunities around a hybrid workplace and emerging cybersecurity best practices.”

Omar has over 20 years of experience leading both the financial and administrative organizations for public and private software/services companies. He managed several companies who experienced significant revenue and cash flow growth through both organic and acquired assets. Additionally, he has completed numerous M&A transactions as well as managed public and private equity/debt financings.

Prior to joining Trintech, Omar was the CFO of Multiview, a Warburg Pincus-backed B2B software platform providing marketing services to over 17,000 B2B customers in North America. Omar also served as the CFO of DGFastchannel/Sizmek (NASDAQ: SZMK), a B2B software platform delivering mission-critical media content. Additionally, he served as the VP Finance for AMFM, Inc (NASDAQ:AMFM), one of the largest U.S. radio holding companies which was ultimately acquired by Clear Channel Communications. Omar began his career as a CPA at KPMG, where he managed publicly traded large multi-national services and technology company audits over a period of ten years.

About Forbes Councils

Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive.

For more information about Forbes Finance Council, visit forbesfinancecouncil.com. To learn more about Forbes Councils, visit forbescouncils.com.

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.

Media Contact:
Kristina Pereira Tully
Vested
650-464-0080
trintech@fullyvested.com

SOURCE: Trintech, Inc.

Mid-Market Organizations Gain Robust Multi-Way Matching Capabilities with Adra(R) by Trintech

Trintech Announces Robust Transaction Matching Feature in a Solution Built and Priced Specifically for Mid-Market Businesses

Trintech, a leading global provider of integrated Record to Report software solutions for the Office of Finance, today announced a new automated multi-way transaction matching feature in its Adra Suite to help mid-market organizations save time and reduce risk in the transaction matching process.

With this new automated multi-way matching feature, customers can set up match scenarios and deploy intelligent rules to automatically review one-to-one, one-to-many, many-to-one, and many-to-many matches.

“As companies continue to grow, expand and adapt, specifically companies in the eCommerce and restaurant industries, they begin to realize that a manual multi-way matching process cannot effectively scale to handle reconciling new sources and higher volumes of data,” said Darren Heffernan, President, Mid-Market at Trintech. “With our robust matching engine that is not typically found in a solution designed and priced for the mid-market, matching can happen daily, so transactions don’t accumulate at month-end when you need time for higher-value tasks like analysis and reporting.”

With Adra, matching transactions with bank statements, credit card statements, point of sale, merchant, 3rd party delivery services, and other external sources happen in a fraction of the time that manual spreadsheet or paper-based processes take, allowing F&A teams more time to spend on unmatched transaction exceptions – improving the accuracy and reliability of your close.

“The time savings isn’t just during the close process, we also see it from a day-to-day perspective,” said Shelly Traylor, Sr. Treasury Analyst at Torchy’s Tacos. “We are no longer spending time manually matching accounts because we now let Adra do the matching automatically so we can spend our valuable time focused on the exceptions.”

Just some of the benefits finance & accounting departments will gain include:
– Focus only on exceptions to start your day
– Utilize automated multi-way matching (3-way, 4-way, etc.) that scales with business growth
– Save time by continuously processing transactions so they don’t pile up
– Effortlessly import new data types and sources
– Record all activities in an audit-ready format
– Illuminate potential mismatches and generate exception reports that mitigate risk

For more information on how Adra by Trintech can save you time and reduce risk in your transaction matching process, please click here. https://www.trintech.com/adra/suite/adra-matcher/

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.

Media Contact:
Kristina Pereira Tully
Vested
650-464-0080
trintech@fullyvested.com

SOURCE: Trintech, Inc

Trintech Releases 2021 Global Financial Close Benchmark Report

88% of respondents identified a lack of automation and manual work and errors as the reasons preventing them from having an efficient financial close process

Trintech, a leading provider of financial software solutions, today announced the release of its 2021 Global Financial Close Benchmark Report.

Trintech surveyed over 480 financial professionals across the globe in Q1 of 2021 to evaluate which parts of the financial close process have been automated, which are in the process of being automated and where finance and accounting (F&A) organizations are looking to adopt automation in the future.

2020 was a defining year for the CFO as they broke out of the compliance box and returned to their role as an essential strategic leader of the organization – one relied upon to shape critical business decisions when COVID-19 impacted businesses of all sizes. As companies transitioned to remote operations, organizations that relied heavily on manual processes found it difficult to continue to do their jobs at the same level – let alone deliver on the new expectations required of them to provide timely, critical business insights. What is certain is that these expectations are now essential for businesses moving forward, however, the ad hoc processes many organizations were forced to adopt in the short-term to meet those expectations are not sustainable long-term.

Now is the time for organizations to institutionalize technology to standardize and automate key financial processes to be able to continue to support these growing expectations.

Key findings from the survey include:
— The top 3 challenges the Office of Finance experienced within the financial close process in 2020 were all influenced or accelerated by the pandemic
— A lack of automation is identified as the largest contributing factor to an inefficient financial close
— Process standardization and automation are the key areas of improvement for 2021
— Completing quality work on time, while simultaneously balancing workforce issues (i.e. attracting talent and managing employee burnout) will be the biggest challenges for finance professionals over the next five years

“Our research found that 78% of companies at early stages of their digital transformation journeys faced enormous challenges – challenges their peers further along in their adoption of automation did not,” said David King, Chief Marketing Officer at Trintech.

“These organizations must institutionalize technology to automate their financial close to be more efficient, while increasing transparency and ensuring data integrity to be successful long-term. While COVID-19 may have identified these challenges, the benefits of solving them are now fundamental and there is no going back to maintaining inefficient manual processes.”

To dive into the results of this report further, Trintech and an advisor from a leading analyst firm will be hosting a joint webinar, How COVID-19 Accelerated the Path Towards Financial Close Automation, on Tuesday, May 11th (https://pr.report/KIMkJS4y), to give companies insight into topics such as:

— The biggest challenges organizations are currently facing in the financial close process
— The maturity of automation in the Office of Finance
— Key areas to improve in your financial close process over the next 12 months and where to start

Read the full Financial Close Benchmark Report at https://pr.report/ujSclCBA.

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 Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kristina Pereira Tully
Vested
+1-650-464-0080
trintech@fullyvested.com

SOURCE: Trintech, Inc.

Trintech Announces Sponsorship of ServiceNow’s Knowledge 2021 Event

Trintech to present how to digitize workflows across your financial close process with CadencyDirect, the only Financial Close Automation (FCA) application on the Now Platform(R)

Trintech, a leading global provider of integrated Record to Report software solutions for the Office of Finance, today announced its gold sponsorship of ServiceNow’s Knowledge 2021 event taking place virtually May 11th – 20th. During this event, digital leaders, partners, and forward-thinkers will come together to discover how organizations are becoming more resilient and reshaping their industries with digital workflows.

As part of this sponsorship, Trintech will be hosting two speaking sessions. The first, “Delivering Real-Time Financial Insights with the Right Processes and Technology,” will be co-hosted with KPMG and focuses on how to address the financial close by combining effective processes and technology that simplify workflows across your Office of Finance.

“As enterprises continue to accelerate digital transformation efforts, it is critical to think about this holistically from both a process and technology-perspective,” said Scott Cohen, Advisory, KPMG LLP. “A comprehensive digital workflow transformation is vital to your future success and we are excited about our expanded partnership with both Trintech and ServiceNow to address companies’ unique finance and organizational transformations by turning knowledge into value and successfully driving large, global, and complex workflow transformation.”

The second session, “Transform Your Office of Finance by Powering Your Workflow with CadencyDirect,” will showcase how CadencyDirect, the only Financial Close Automation (FCA) application on the Now Platform(R), can digitize your workflows across your financial close process on a single, scalable, cloud-based platform that reduces complexity and risk, accelerates the overall process, and drives a greater experience for finance teams.

“Leading enterprises understand the need to digitize workflows across the enterprise which is why we are excited about our recent partnership with ServiceNow and bringing our CadencyDirect solution to the ServiceNow customer base at Knowledge 2021,” said Robert Michlewicz, Chief Strategy Officer at Trintech. “For finance organizations, CadencyDirect complements and extends financial operations management by addressing the shared needs of the CFO, CIO and CAO and enabling their teams to digitize workflows impacting the financial close process – thus creating visibility and improved synergies that help companies achieve a more effective operating enterprise.”

Trintech recently was named a ServiceNow Elite Partner in the ServiceNow Technology Program, bringing CadencyDirect, an industry-leading financial close automation solution, into the Now Platform(R) to support digital transformation across the enterprise. CadencyDirect is powered by Trintech’s industry-leading Cadency solution that 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. Cadency integrates with 100s of ERP instances including SAP(R), Oracle(R) and NetSuite(R) and currently serves the majority of the Fortune 100.

For more information on ServiceNow’s Knowledge 2021 event, or to register, click here. https://knowledge.servicenow.com/

Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

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.

About KPMG LLP
KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. We operate in 146 countries and territories and in FY20 had close to 227,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients. Learn more at www.kpmg.com/us.

Media Contact:
Kristina Pereira Tully
Vested
+1-650-464-0080
trintech@fullyvested.com

SOURCE: Trintech, Inc.