Chrysler Financial Selects Trintech's AssureNET GL

22 September 2008

Trintech Group Plc (Nasdaq: TTPA), a leading global provider of integrated financial governance, transaction risk management, and compliance solutions, today announced that Chrysler Financial has selected AssureNET GL to automate the review, approval, and status tracking of account reconciliations and manage the accounting close process and ReconNET for high volume transaction matching.

Chrysler Financial headquarters in Farmington Hills, Mich., serves as the center of activity for operations in the U.S., Canada, Mexico, and Venezuela. It's through this hub that all aspects of the company's financing and insurance business are initiated. For more than 40 years, Chrysler Financial has provided a complete line of world-class automotive financial products and services to the dealers and consumers of Chrysler, Jeep(R) and Dodge vehicles.

"We've chosen AssureNET GL to replace a manual review of account files using spreadsheets, and through the self-documenting workflow and analysis tool, we'll manage our entire GL reconciliation process," said Mark Davis, Assistant Controller -- Chrysler Financial.

AssureNET GL standardizes account reconciliation processes across an organization, controls the entire close process, verifies work in remote locations, and increases workflow efficiency. ReconNET automates complex daily, monthly, and periodic processes, including daily verification of deposits, payments, and reporting functions, to help companies mitigate risks, reduce errors, and increase accounting controls.

"We're very pleased to be working with Chrysler Financial. We look forward to helping them centralize and standardize core financial processes, while increasing controls and compliance across their enterprise," said Kevin Connelly, Senior Vice President and Managing Director, Trintech Financial Services Group. "This is a strategic win for Trintech and confirms the rapid expansion of our financial governance solutions in major financial services organizations around the world."

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