Trintech expands upon its continuous product innovation strategy with the launch of ReconNET 9.0
Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, further enhances its technology and features through product innovations to meet the evolving needs of the market and its strong customer base. Trintech is committed to providing world class, innovative solutions that deliver increased efficiency, real-time visibility, collaboration and control to enterprise-class organizations around the world and across a multitude of ERP systems including Oracle®, SAP® and NetSuite®.
Most recently, Trintech propelled its product innovation strategy with the launch of ReconNET 9.0, the latest version release of its enterprise-class transaction reconciliation and exception management solution. As reconciliation volumes and the variety of reconciliation types continue to increase in the marketplace, there is a need for process automation and extended reconciliation processing power. With ReconNET 9.0, Trintech has expanded the reconciliation capabilities by 5 times its previous capabilities to meet your unique reconciliation needs. This release is available to Trintech’s 1,700 plus customer base with several customers already excited about and benefiting from the additional capabilities.
Julie Drake, Accountant at Siemens, states, “We are most excited about the reporting capabilities and the enhanced visibility we can achieve with ReconNET 9.0. This will create greater synergy and transparency across our entire finance organization.”
Accounting Senior Advisor at Dell Financial Services, Shawna Wetherington, also states, “We are consistently interested in reviewing and comparing heaps of data, so the additional capability of ReconNET 9.0 expands well beyond our future needs without the need for additional training.”
The additional capabilities in this release brings innovative benefits to Trintech customers as it increases the efficiency of the entire reconciliation process for items such as complex cash related reconciliations, intercompany & tax reconciliations and various other challenging reconciliations, whether industry specific or due to a complex business structure they are supporting today. It expands the ability to manage and match on more data fields and it enables customers to better manage exceptions within the solution, further increasing finance controls and reducing the time spent on these reconciliations.
Stephen Davis, Reconciliation System Administrator at Torchmark Corporation, continues by stating, “For us, it is all about the user experience in the end. Our main goal is to provide our end users with a tool that can better assist with exception management. ReconNET 9.0 has proven to easily manage exceptions, making our end users’ lives much easier.”
By expanding the ability to capture more data fields, reporting key metrics becomes much more in depth and has a higher rate of accuracy. Utilizing this capability, customers can also integrate reconciliation data into other systems for a much deeper degree of information.
“At Trintech, we are built on a culture of innovation and use that foundation to further enhance our product offering for our customers,” said Teresa Mackintosh, CEO at Trintech. “We will continue to push the boundaries on financial transformation and its Robotic Process Automation capabilities to ensure we provide our customers with the most sophisticated solutions on the market.”
Trintech was also recently recognized by Corporate Vision Magazine as being the “Most Innovative Financial Software Company in 2016.”
Trintech, Inc. pioneered the development of Financial Corporate Performance Management (FCPM) software to optimize the Record to Report process. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, journal entries, treasury management and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency®, ReconNET™ and T-Recs®, help manage all aspects of the financial close process. Over 1,700 clients worldwide – including the majority of the FTSE® 100 – rely on our cloud-based software to increase efficiency, reduce costs, and improve governance and transparency across global financial organizations.
Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, France, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and Asia Pacific.