Trintech Continues Rapid Momentum Into Q3
24-Aug-2016 7:35 AM
Trintech Strengthens Customer Base Globally and Continues to Accelerate Its Financial Performance in First Half of Its Fiscal Year
DALLAS, TX -- (Marketwired) -- Aug 23, 2016 -- Trintech, the leading global provider of integrated Record to Report software solutions for the office of finance, today announced its continued financial growth. Leveraging its expanded team and solution offerings, the company has been able to extend its customer base and accelerate its financial performance in the first half of its fiscal year. Trintech's portfolio of financial solutions, Cadency®, ReconNET™ and T-Recs®, continue to power the Record to Report transformation market across the globe.
With the recent acquisition of Chesapeake System Solutions, Trintech continues leadership in the market's pressing need for operational reconciliation, the starting point for many enterprises in their evolution of the Office of Finance. "With our customer's needs as our upmost priority, we continue to strengthen our financial automation and robotic solutions by both developing and acquiring the best technology on the market," said Teresa Mackintosh, CEO at Trintech. "At Trintech, we understand that reconciliation needs differ highly from one vertical to another, so we continue to invest in optimized solutions to better serve our customer's specific needs, rather than offering a 'one-size fits all' solution approach."
Reinforcing the value of Trintech's solution offerings, the company added a multitude of new customers and expanded deployments with new functionality to existing customers around the globe. Among the new customers across the Americas, EMEA and APAC regions that have signed to use Trintech's enterprise-class financial solutions are: Brookfield Prime Property Fund, Comcast Spectacor L.P, EnergyAustralia, Greenway Health, Health Care Service Corporation, Omnitracs, LLC, Radial, Inc., Shelter Insurance Co, Specsavers Optical Group, STORE Capital Corporation, Top Golf USA, Uber Technologies and over a dozen more.
The rapid adoption of Trintech's solutions globally has resulted in continued strong financial results, as well as customer adoption. Trintech grew in excess of 25% year over year for the first half of its fiscal year, illustrating the instilled trust of both current and new customers. Already profitable, Trintech continued to invest and build scale in the business to meet the growing depth and breadth of the global customer base while strengthening its solid financial foundation.
Trintech, Inc. pioneered the development of Financial Corporate Performance Management (FCPM) software to optimize the Record to Report process. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, journal entries, treasury management and bank fee analysis, to governance, risk and compliance - Trintech's portfolio of financial solutions, including Cadency®, ReconNET™ and T-Recs®, help manage all aspects of the financial close process. Over 1,700 clients worldwide -- including half of the Fortune 50 and the FTSE® 100 -- rely on our cloud-based software to increase efficiency, reduce costs, and improve governance and transparency across global financial organizations.
Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, France, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.