Trintech Continues to Expand Its Record-to-Report Market Leadership in Fiscal 2016

28-Apr-2016 8:32 AM

Leading Financial Record-to-Report Software Provider Achieves 59% YOY Growth in Bookings Driven by its Award Winning Cadency® Cloud Solution

DALLAS--()--Trintech, the leading global provider of integrated Record-to-Report software solutions for the office of finance, continues to extend its market leadership in the Enterprise Class Financial Close software market. This is evidenced by the company’s overall growth performance and continued profitability, along with 59% year-over-year growth in bookings of its Cloud-based software in its fiscal 2016. The company’s continued expansion throughout the year was driven by market adoption of Cadency®, its award-winning Record-to-Report software-as-a-service (SaaS) solution, across enterprise-class companies in the Americas, EMEA, and Australia.

“An increasing number of global companies are turning to Trintech’s Cadency solution as they begin to recognize the need for Record-to-Report automation within their offices of finance,” said Teresa Mackintosh, CEO at Trintech. “Through new customer wins, extensive global expansion and several product advancements, Trintech continues to prove it’s the market leader for Record-to-Report automation for enterprise-class organizations. Our customers recognize the commitment we have in delivering immediate financial process needs, while providing a platform that enhances the efficiency and effectiveness of the entire Record-to-Report process, critical to the success of their office of finance.”

During fiscal 2016, the company continued to add dozens of Fortune 500 clients to its revolutionary Record-to-Report solution, Cadency®. Likewise, existing customers continued to expand their deployments with new functionality as well as global roll outs to business units, Shared Services and BPOs in order to underpin the whole of the R2R process. Furthermore, the company’s partnerships with global business process outsourcers – Capgemini and IBM BPO – continued to expand, as a number of their clients adopted Cadency® for their Record-to-Report demands during this fiscal year.

As the world’s leading global R2R software solutions provider, Trintech currently serves 36 of the Fortune 100, comprising over 200,000 users and more than one billion transactions in the cloud annually. The company’s Cloud-based software continues to be embraced by some of the world’s most respected companies to help them achieve real financial transformation due to the “flat lining” of their current processes and reconciliation solutions.

About Trintech

Trintech is the leading provider of financial software solutions for the Record-to-Report process. Over 900 clients in 100 countries – including half of the Fortune 50 and the FTSE® 100 – rely on our solutions to optimize resources, reduce costs, manage risk and monitor activities across the entire finance organization worldwide. Trintech’s Cloud-based Cadency®software manages all aspects of the financial close – from automating and managing balance sheet reconciliation, journal entries, to governance, risk and compliance, and financial reporting. ReconNET™ streamlines daily operational reconciliations such as bank and credit card transactions. Trintech has offices located across the US, UK, Australia, France, Ireland, the Netherlands and the Nordics, with partners in South Africa, Latin America and across the Asia Pacific region.


Wayne Snell, +1 972-982-0115


Topic: Technology

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