Date Posted: 10/20/2010
Loews Hotels Selects Trintech Reconciliation Suite
ReconNET and AssureNET ASP Software Modules of Trintech's Unity Platform Automate High Volume and Account Reconciliation
DALLAS, DUBLIN, Ireland and LONDON, Oct. 18, 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 Loews Hotels Business Services Center has selected its ReconNET and AssureNET ASP software for financial process compliance. ReconNET and AssureNET ASP are hosted components of Trintech's Unity platform, a suite of modular software that enables companies to meet their financial governance, risk management and compliance goals.
With a rich history spanning over six decades, the Loews luxury hotel brand continues to offer ultimate travel experiences in 16 cities across the US and Canada. With headquarters located in New York, Loews has grown to include destinations that satisfy both the business and leisure traveler: Annapolis, Atlanta, Denver, Lake Las Vegas, Los Angeles, Miami Beach, Montreal, Quebec City, Nashville, New Orleans, New York, Philadelphia, San Diego, St. Pete Beach, Tucson, Washington DC, as well as three vacation spots in Orlando -- Portofino Bay, Royal Pacific Resort and Hard Rock Hotel.
Through a suite of software modules, Trintech's Unity platform enables companies like Loews Hotels to increase the accuracy and transparency of financial reporting, reduce operational costs, shorten accounting cycle times, reduce the risk of material weaknesses and fully comply with financial regulations and compliance requirements.
Trintech's ReconNET and AssureNET ASP modules are offered as hosted solutions via Trintech's On-Demand business unit. 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. AssureNET GL automates account certification, managing the review, approval and certification of all account reconciliations for a company's accounting close process. AssureNET distributes and tracks progress on all tasks necessary for certification, automates reconciliation of GL accounts, enforces control structures, and facilitates creation of compliance documentation.
About Trintech Group
Trintech Group Plc (Nasdaq:TTPA - News) is a leading global provider of integrated financial governance, risk management, and compliance (GRC) software solutions for commercial, financial, and healthcare markets. Trintech's recognized expertise in reconciliation process management, financial data aggregation, financial close and reporting, 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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