LONDON and DUBLIN, Ireland, July 9 /PRNewswire/ --
- Charities Aid Foundation Selects Trintech's ReconNET to Automate Funds
Reconciliation and Improve Internal Controls
Trintech Group Plc (Nasdaq: TTPA), a leading provider of financial
software and services specializing in reconciliation workflow, revenue
enhancement, transaction risk management, and compliance, today announced
that the Charity Financial Services division of Charities Aid Foundation
(2007 recipients of the Queen's Award for Enterprise) has selected Trintech
to improve financial transaction management across its Fundraising Support
business. The Trintech solution will integrate with donor and financial
administration systems, as well as business ledger systems to ensure more
efficient reconciliation workflow and enhanced visibility to and control of
funds.
The Charities Aid Foundation (CAF) is a registered UK charity that is
committed to effective giving, providing a range of specialist services to
donors, companies and charities. CAF manages 2.2bn pounds sterling of
individual, company, and charity funds, and helps to distribute approximately
300m pounds annually across six continents.
"In light of future growth projections, our current systems would be
unsustainable. We made the decision to replace our labor-intensive legacy
financial systems with a solution from Trintech," said Peter Mitchell,
Director of Charity Financial Services Operations for CAF. "ReconNET will
provide us with a scalable solution that will support us now and in the
future, as well as increase internal controls for improved compliance and
greatly enhance staff productivity."
ReconNET is extremely effective for organizations like CAF that have a
requirement for high-volume and/or complex transaction matching, exception
identification, and operational risk management. ReconNET will enable CAF to
more efficiently protect data from manual manipulation, maintain business
rules throughout reconciliation operations, and keep an accurate record of
reconciliation activities and system settings.
"Maintaining consistent auditability, compliance, and corporate
governance are enormous challenges for many organizations. We're pleased that
CAF's Charity Financial Services division selected a Trintech solution for
operational risk management and reconciliation workflow," said John Harte,
EVP and General Manager for Trintech." Our goal is to help all of our clients
improve transaction management processes across their enterprise; however, we
take special satisfaction in helping an organization that is 100% dedicated
to giving back to others."
About Charities Aid Foundation
CAF promotes effective giving. For individuals, we make donating to the
causes they care about simple and tax efficient. For businesses, we can
support every aspect of their community involvement. And for charities, our
services can help them make the most of what is given. CAF manages 2.2bn
pounds of individual, company and charity funds, and helps to distribute
approximately 300m pounds annually across six continents. For more
information on CAF, please visit http://www.cafonline.org
About Trintech Group
Trintech Group Plc (NASDAQ: TTPA) is a leading global provider of
financial software and services specializing in reconciliation workflow,
revenue enhancement, transaction risk management, and compliance for
commercial, financial, and healthcare markets. For over 20 years, Trintech
has been providing comprehensive, industry-leading solutions to financial
departments seeking greater insight into critical transaction processes.
Trintech delivers a configurable, highly scalable platform that incorporates
a company's unique business processes, enabling managers to obtain greater
visibility and more efficiently manage business risk throughout the
transaction lifecycle. Trintech's transaction process management solutions
include: ReconNET for high volume transaction reconciliation; AssureNET GL
for general ledger reconciliation and certification; On-Demand solutions for
ASP ReconNET and AssureNET services and the Dataflow Transaction Network for
data collection and delivery; and ClearContracts, an ASP service which
enables health care providers to optimize contract profitability by
reconciling payments received from their patients' insurers to amounts they
should have received from claims under the terms of their respective
contracts. Over 450 leading companies across a variety of industries rely on
Trintech products and services. Clients include: North Fork Bank, 7-Eleven,
Kroger, Regal Entertainment, Accor, UPMC, Farmer's Insurance Group, YUM!
Brands Restaurants, Rohm and Haas, Verizon Wireless, and Ameren.
Trintech's principal business office is in Dallas, Texas, with
international offices in Ireland, the United Kingdom and the Netherlands.
Trintech can be reached at 15851 Dallas Parkway, Suite 900, Addison, TX 75001
(Tel +1-972-701-9802). Trintech's corporate office can be contacted at
Trintech Technologies, Block C, Central Park, Leopardstown, Dublin 18,
Ireland (Tel +353-1-293-9840). For more information, please visit
http://www.trintech.com.
Trintech Press Contact:
Dallas: Donna Martinez, Marketing Communications Manager, Trintech
Tel. +1-972-739-1611. email: donna.martinez@trintech.com
Web site: http://www.trintech.com
http://www.cafonline.org
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