DALLAS and DUBLIN, Ireland, March 21, 2005 (PRIMEZONE) -- Trintech (Nasdaq:TTPA) (Prime Standard: TTP), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced the availability of a new User Access Report to support ongoing Sarbanes-Oxley Section 404 documentation requirements for internal controls. The new ReconNET User Access Report enables companies to proactively analyze their user access controls and facilitate their efforts to document financial processes to comply with recurring Sarbanes-Oxley audit requirements.
The User Access Report documents all operator and administrator rights and system access settings of the ReconNET system. As a result, managers can identify whether a control is effectively implemented, and whether the person performing reconciliation tasks has the appropriate permissions. Periodically generating and reviewing the report enables managers to identify areas of potential non-compliance and make control changes before an audit.
"The User Access Report gives us a highly-detailed view of our system. The report enabled us to quickly identify a user who had 'make changes' access to an account when the permission-level should have been limited to 'view only,'" said Nancy Martinez, Treasury and Collection Manager for Michaels Stores. "Beyond helping us with SOX compliance, this report is helping us manage our internal business controls and ensure that our users have appropriate access to ReconNET functions."
The User Access Report is designed to help companies: maintain accurate documentation for Sarbanes-Oxley as their business rules and staff responsibilities evolve; minimize compliance efforts without incurring burdensome recurring costs; and provide auditors with the level of detailed and accurate reporting they demand.
"The User Access Report is another way Trintech is helping companies address the ongoing challenges of Sarbanes-Oxley compliance in their Treasury department," said John Harte, General Manager of Trintech's Funds Management Systems Division. " In addition to our software solutions, our Professional Services group also offers Sarbanes-Oxley consulting to provide best-practice reconciliation recommendations to promote enhanced security and streamline workflow."
About Trintech FMS
Trintech Funds Management Systems (FMS), a division of Trintech Group, provides comprehensive, industry-leading solutions that optimize enterprise funds management including the ReconNET reconciliation product suite, Bank Fee Analysis, and DataFlow Transaction Network and services. Trintech's FMS solutions are optimizing performance in nearly 400 leading companies in retail, hospitality, food service, insurance, banking, government and other industries, including YUM! Brands Restaurants, Foot Locker, Radio Shack, 7-Eleven, Whitbread Group, Verizon Wireless, Kroger, Regal Entertainment, Budget Rent A Car, Wendy's, Farmer's Insurance Group, and the University of Missouri. Trintech FMS is headquartered in Dallas, Texas, and can be contacted at 972-701-9802 and on the web at www.trintech.com/fms.
About Trintech
Trintech is a leading provider of transaction reconciliation and payment infrastructure solutions to retailers, financial institutions, payment processors and network operators globally. Built on 18 years of experience, Trintech's solutions manage each area of the payment transaction cycle from authentication, authorization, settlement, dispute resolution and reconciliation -- enabling its customers to reduce transaction costs, eliminate fraud, minimize risk, maximize cashflow and increase profitability. Trintech can be contacted in Ireland at Trintech Building, South County Business Park, Leopardstown, Dublin 18 (Tel: +353 1 2074000), in the US at 15851 Dallas Parkway, Suite 855, Addison, TX 75001 (Tel: +1 972 701 9802), and in the UK at 186-192 Darkes Lane, Potters Bar, Hertfordshire, EN6 1AF (Tel: +44 (0) 1707 827000). www.trintech.com.