Date Posted: 3/18/2009
Spotless Selects Trintech to Manage Reconciliations and Reduce Operational Risk
ReconNET and AssureNET to Help Worldwide Services Company to Improve Reconciliation Management and Streamline Operations
SYDNEY and DALLAS, March 16 /PRNewswire-FirstCall/ -- Trintech Group Plc (Nasdaq: TTPA - News), a leading global provider of integrated financial governance, transaction risk management, and compliance software solutions, today announced that Spotless has selected Trintech's ReconNET and AssureNET GL solutions to improve reconciliation and exception management processes and drive increased operational efficiency.
Spotless Group is a global services organization comprised of Facility Services and Retailer Services employing more than 30,000 people worldwide. Spotless' Facility Services operates across Australia and New Zealand, providing Managed Services, Food Services, Cleaning Services, and Laundry Services across a broad range of industry sectors. Spotless' Retail Services, operating under the brand Braiform, provides customized garment hanger and packaging solutions to retailers and garment manufacturers in more than 30 countries worldwide.
As a rapidly growing and diverse business, Spotless was challenged in their management of account reconciliations by the complexity of diverse systems and the need for greater visibility, management control and auditable documentation of the reconciliation process. At the same time, they recognized that automation of the current manual processes could help to reduce costs and support their objective to move to shared service centers to perform various financial operations.
"We evaluated a number of alternatives to help us improve control and drive standardization across our businesses through improved technology around our bank reconciliation and GL reconciliation processes," commented Tom Castles, General Manager, Shared Services at the Spotless Group. "Trintech's solutions were a good match with our specifications and competitive in terms of cost. We have received first class support from Spectrum, Trintech's local representative, and Trintech themselves in working through the implementation phase of our project. I am also pleased to hear of Trintech developing new functionality around Record to Report processing as part of their Financial Governance Suite and we will be closely looking at these products as they become available."
"As the Trintech distributor in Australia, Spectrum is looking forward to working intimately with Spotless to provide local, skilled implementation and support services to improve the efficiency of their reconciliation processes," commented Freddy Webster, General Manager for Spectrum. "As one of the leading services companies in the world, Spotless is taking a proactive approach to streamlining their financial operations to result in improved visibility, reduced costs, and ultimately increased overall company results."
"We are delighted to have Spotless as our newest customer in Australia," said David Taylor, Vice President of Global Business Development and Strategy at Trintech. "The combination of superior technology solutions from Trintech and highly skilled and experienced professional services and support from our partner Spectrum provides Spotless with a complete and integrated solution in support of their financial compliance and process management program. In a business where efficiency drives success, we are excited about our continuing and successful partnership with Spectrum to help Spotless to continue to be a market leader."
About Spotless Group Limited
Spotless is a global services organization comprised of Facility Services and Retailer Services. Established in 1956, Spotless is listed on the Australian Stock Exchange and employs more than 30,000 people. Facility Services operates across Australia and New Zealand, providing Managed Services, Food Services, Cleaning Services, and Laundry Services across a broad range of industry sectors. Retailer Services, operating under the brand Braiform, provides customized garment hanger and packaging solutions to retailers and garment manufacturers in more than 30 countries globally.
About Trintech Group
Trintech Group Plc (NASDAQ: TTPA - News) is a leading global provider of integrated financial governance, transaction risk management, and compliance software solutions for commercial, financial, and healthcare markets. Trintech's recognized expertise in reconciliation process management, financial data aggregation, revenue and cost cycle management, financial close, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.
Over 600 leading global organizations realize the benefits of Trintech's configurable and highly scalable solutions everyday, including 7-Eleven, Accenture, Allianz Life North America, Ameren, Bank of Nevada, eBay, Farmer's Insurance Group, Kinder Morgan, Regal Entertainment, Rohm and Haas, Sears, UPMC, Verizon Wireless, Wyndham Worldwide, and YUM! Brands Restaurants.
For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at 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.
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