Logica Partners with Trintech to Deliver “Last Mile of Finance” Solutions to Global Client Base

London, UK / Dallas, TX / Dublin, Ireland - 22 March 2011

BPO provider Logica partners with Trintech to deliver software and services to multi-national companies wishing to outsource higher value accounting processes.

Leading IT services company Logica has formalized its partnership with financial software provider Trintech, making Trintech Logica’s preferred software solution provider for General Ledger Accounting and Cash Reconciliation BPO.

Logica also uses Trintech’s solution internally to manage their consulting billing and cash collection processes.

“Our Customers expect the business benefits of outsourcing key financial processes to deliver not merely cost savings, but also improvements in process efficiency, quality and compliance. To achieve this improved process, visibility and a reliable ‘single version of the truth’ are essential.” Said Glenn Inniss, Logica Head of Finance and Procurement BPO. “The Trintech software suite is a powerful tool for monitoring, controlling and automating the Last Mile of Finance including account reconciliation, financial close management and financial reporting. It significantly strengthens our ability to support customers in both operational and strategic areas of their business.”

“Logica is the latest BPO provider to join the Trintech partner program. Outsourcing partnerships are a key component to Trintech’s accelerated growth strategy. The BPO sector is one of the fastest growing market segments for F&A. Recently, analysts forecast the BPO market to be $29.3B by 2013 (source Datamonitor; Black Book of Outsourcing).” Said Paul Byrne, CEO, Trintech. “In the market for outsourcing, financial executives need to have full visibility over the accounting process to ensure it is managed in a diligent, controlled, and compliant manner. With the escalating demands for faster close and increasing compliance requirements, Trintech solutions have never been more important to our clients and partners.”

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