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Ei Dynamics Sky



Date Posted: 4/7/2010

National Vision Selects Trintech for Account Reconciliation


ReconNET Software Module of Trintech's Unity Platform Increases Efficiency and Compliance, Reduces Risk
 
 
DALLAS, DUBLIN, Ireland and LONDON, April 5, 2010 (GLOBE NEWSWIRE) -- Trintech Group Plc (Nasdaq:TTPA - News), a leading provider of integrated financial governance, risk management and compliance software solutions, announced today that National Vision, Inc. 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.


National Vision, Inc. (NVI) is the fourth largest optical retailer in the United States, operating over 600 retail locations in 42 states through the U.S. National Vision employs over 5,000 employees and their retail divisions include America's Best Contacts & Eyeglasses, Vision Centers inside select Wal-Marts, Optical Shoppes inside Fred Meyer, Optical Centers on select military bases and Eye Glass World. National Vision has plans to open over 40 new locations annually.


National Vision's lab network consists of three domestic locations (Pennsauken, New Jersey; St. Cloud, Minnesota; Lawrenceville, Georgia) and two international locations in China and Mexico. Their lab network has been identified as one of the most efficient and effective in the industry. With over 550 lab employees, they focus on their goals of high efficiency, low cost, high quality and fast turnaround time. They have the capability to route eyeglass jobs to their labs both in the U.S. and internationally. More information is available at http://www.nationalvision.com/.



Through a suite of software modules, Trintech's Unity platform enables companies like National Vision 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.


National Vision joins over 600 leading global organizations benefiting from Trintech's configurable and highly scalable solutions.


About Trintech Group

Trintech Group Plc (Nasdaq:TTPA - News) 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.
 
 


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