DALLAS, Aug. 9, 2010 (GLOBE NEWSWIRE) -- Trintech Group Plc (Nasdaq:TTPA), a leading global provider of integrated financial governance, risk management and compliance (GRC) software solutions, and FSN announced the publication of a white paper entitled "Mastering the Financial Close." Gary Simon, FSN's Managing Editor and the principal author of the paper, examines what sort of architecture offers a suitable and cost-effective level of management control and visibility in today's Office of Finance.
"Over the last two decades the Financial Close process has relied heavily on a loose combination of solutions including consolidation software, ERP systems and spreadsheets," Tony Bethell, Trintech's Vice President, EMEA. "With this approach, the reporting supply chain is fragmented and prone to error, whilst soaking up key resources and impacting the corporate reporting process. Trintech provides an integrated, collaborative workflow solution independent of the organization's ERP system, delivering proven ROI and enabling a more timely and efficient financial close process."
The recent financial crisis has been game-changing and brought about a reassessment of the priorities around the financial close. While speed and accuracy remain supremely important there is a growing appreciation of the need to simultaneously manage risk and controls, if reported results and disclosures are to be regarded as reliable. In addition, new information requirements such as IFRS and XBRL have added further to the complexity of financial reporting and regulatory compliance. Mr. Simon's white paper recommends an "ERP agnostic" financial GRC solution, allowing global businesses to leverage existing investments. With the tough economy limiting the scope to add headcount, finance departments are seeking efficiency gains that will allow them to absorb change, provide greater visibility of risk and position the finance department as a whole for sustainable growth. The paper reveals how an end-to-end finance automation solution can do just that.
Download the White Paper today at:
"Mastering the Financial Close"
Trintech's Unity Financial GRC Suite provides end-to-end visibility of the financial close providing the vital link between quantitative financial information and qualitative supporting, tasks, issues, controls and disclosures. Through a suite of software modules, Trintech's Unity platform enables companies to increase the accuracy and transparency of financial reporting, reduce operational costs, shorten accounting cycle times, reduce the risk of material weaknesses and fully comply with financial regulations and compliance requirements. More than 600 leading global organizations benefit from Trintech's configurable and highly scalable solutions. For more information about Trintech, please visit www.trintech.com.
About Trintech Group
Trintech Group Plc (Nasdaq:TTPA) is a leading global provider of integrated financial governance, risk management, and compliance (GRC) software solutions for commercial, financial, and healthcare markets. Trintech's recognized expertise in reconciliation process management, financial data aggregation, financial close and reporting, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.
For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at http://www.trintech.com/">www.trintech.com or at our principal business office in Addison, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.
Trintech • 15851 Dallas Parkway, Suite 900 • Addison, TX 75001 • Tel 1 972 701 9802
Trintech UK Ltd. • Warnford Court, 29 Throgmorton St. • London EC2N2AT, UK • Tel +44 (0) 20 7628 5235
Trintech Technologies • Block C, Central Park • Leopardstown, Dublin 18, Ireland • Tel +353 1 293 9840
Trintech • Cypresbaan 9 • 2908 LT Capelle a/d Ijssel, The Netherlands • Tel +31 (0) 10 8507 474