Trintech and Prodiance to Deliver Best in Class Solution for Spreadsheet Risk Mitigation to the European Market


LONDON, DUBLIN, Ireland and SAN RAMON, California, September 17 /PRNewswire/ --

- Trintech's XLNET to Enable European Enterprises to Effectively Mitigate
Risk and Tighten Internal Controls for Critical Spreadsheets

Trintech Group Plc (Nasdaq: TTPA), a leading provider of integrated
financial governance, risk management, and compliance solutions for
commercial, financial, and healthcare markets worldwide, today announced that
it has expanded its partnership with Prodiance Corporation, a leading
provider of solutions for financial spreadsheet remediation and control, to
deliver the XLNET spreadsheet risk and compliance management solution to the
European market.

For enterprises and financial institutions seeking to mitigate
operational spreadsheet risk, wherein there exists --

-- complex spreadsheet models with the potential for errors
      -- little version control to maintain historical data
      -- minimal archival capability for business continuity
      -- arbitrary change management
      -- lack of security control to enforce segregation of duties and
         responsibilities

    - there is now an automated solution, XLNET, that enables financial
      managers to:

      -- Discover and inventory critical spreadsheets
      -- Identify risk conditions and remediate errors
      -- Audit changes down to the cell level
      -- Automate spreadsheet review and approval workflows
      -- Reconcile, review, and certify spreadsheet results
      -- Track the entire process from beginning to end

XLNET, based on enabling technologies from Prodiance, is a market-leading
spreadsheet inventory, migration, analysis, reporting, and auditing solution
that is intuitive and easy-to-use. The application complements Trintech's
AssureNET GL and ReconNET reconciliation software solutions to provide
enterprises with a compliance framework for managing critical spreadsheets
associated with account reconciliation, financial reporting, budgeting,
forecasting, revenue recognition, and other key financial processes.

"The solution can be implemented and operational within a few days," said
Dr. Soheil Saadat, President and CEO at Prodiance. "And through its
web-based, zero client footprint, the solution eliminates the impact to end
users and delivers an architecture that is IT friendly and suitable for
global rollouts."

"We have worked with over 500 global customers to drive successful
implementation of our accounting compliance solutions, and we're confident
that XLNET will help financial services institutions in Europe achieve higher
levels of efficiency and control," said John Harte, EVP and General Manager
for Trintech. "We've developed a clear competitive advantage by providing
customers with solutions that meet their strategic objectives, in turn
driving positive business outcomes."

About Trintech Group

Trintech Group Plc (Nasdaq: TTPA) is a leading provider of integrated
financial governance, transaction risk management, and compliance solutions
for commercial, financial, and healthcare markets worldwide. Trintech's
recognized expertise in reconciliation underpins its suite of financial
governance solutions, enabling businesses to address critical business
objectives leading to more informed decision making and better overall
business performance.

Over 500 leading global organizations, including -- North Fork Bank,
7-Eleven, Kroger, Regal Entertainment, Accor, UPMC, Farmer's Insurance Group,
YUM! Brands Restaurants, Rohm and Haas, Verizon Wireless, and Ameren --
realize the benefits of Trintech's configurable and highly scalable solutions
everyday to: improve performance through stronger management of the revenue
cycle and disbursements; ensure the accuracy and integrity of financial data;
identify and reduce transaction risk; improve the quality and timeliness of
financial reporting; and strengthen internal controls to support compliance
requirements.

For more information on how Trintech can help you gain greater visibility
and control of your critical financial processes, please contact us online at
http://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.

Trintech -- 15851 Dallas Parkway, Suite 900 -- Addison, TX 75001 -- Tel
    +1-972-701-9802

    Trintech Technologies -- Block C, Central Park -- Leopardstown, Dublin
    18, Ireland -- Tel +353-1-293-9840

    Trintech Press Contact:
    Dallas: Donna Martinez, Marketing Communications Manager, Trintech
    Tel. +1-972-739-1611. email: donna.martinez@trintech.com

About Prodiance

Prodiance delivers enterprise class software solutions to help
organizations increase visibility and control over business critical
spreadsheets and Access Databases while improving compliance and mitigating
operational risks. Prodiance leverages over 17 years experience in delivering
innovative technology solutions for highly regulated markets. Leading global
organizations across the banking, insurance, capital markets,
telecommunications, manufacturing, aerospace and defense, media and
entertainment, food and beverage, health care, and educational markets have
trusted Prodiance as a strategic partner to achieve their goals. Prodiance
Corporation is an independent, privately held corporation based in San Ramon,
California. Additional news and information about Prodiance solutions,
products and services is available at http://www.prodiance.com or by calling
+1-866-569-5678.

Prodiance Press Contact:
    Eric Perry, Vice President, Marketing
    Tel +1-866-569-5678. email: eric.perry@prodiance.com


    Web site: http://www.trintech.com
              http://www.prodiance.com



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