Date Posted: 12/23/2009
RONA Selects Trintech for Account Reconciliation
ReconNET Software Module of Trintech's Unity Platform Increases Efficiency and Compliance, Reduces Risk
DALLAS, DUBLIN and LONDON, Dec. 21 /PRNewswire-FirstCall/ -- Trintech Group Plc (Nasdaq: TTPA), a leading provider of integrated financial governance, risk management and compliance software solutions, announced today that RONA has selected its ReconNET software for financial process compliance. ReconNET is a component of Trintech's Unity platform, a suite of modular software that enables companies to meet their financial governance, risk management and compliance goals.
RONA is the largest Canadian distributor and retailer of hardware, renovation and gardening products. RONA operates a network of close to 700 corporate, franchise and affiliate stores of various sizes and formats. With close to 30,000 employees working under its family of banners in every region of Canada and more than 15 million square feet of retail space, the RONA store network generates over $6.3 billion in annual retail sales.
Through a suite of software modules, Trintech's Unity platform enables companies like RONA to increase the accuracy and transparency of financial reporting, reduce operational costs, shorten cycle times and reduce the risk of material weaknesses and restatements.
Trintech's ReconNET module, the world's leading account reconciliation software solution for high-volume account matching, automates daily, monthly, and periodic reconciliation and balancing of financial accounts. With ReconNET's customizable business rules and automated reconciliation, staff can process accounts and transactions quickly, accurately, and consistently in compliance.
RONA joins over 600 leading global organizations benefiting from Trintech's configurable and highly scalable solutions.
About Trintech Group
Trintech Group Plc (Nasdaq: TTPA) is a leading global provider of integrated financial governance, 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.
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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