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Trintech Announces New Financial Reporting Solution with Embedded Support for XBRL
DALLAS, July 27 /PRNewswire/ --
- Trintech's Unity Xtensible Financial Reporting (XFR) Solution - Only
Embedded XBRL Financial Reporting Tool to Integrate Fully with a Process and
Workflow Management Module for the Financial Close
Trintech Group Plc (Nasdaq: TTPA), a leading global provider of
integrated financial governance, risk management and compliance software
solutions, is proud to announce today the availability of Unity Xtensible
Financial Reporting (XFR), a financial reporting software solution with
embedded support for the tagging and output of XBRL-compliant financial
statements.
As global accounting standards have started to converge, businesses are
increasingly being required to understand and adopt XBRL as an enabling
technology in enterprise wide disclosure initiatives being mandated by global
financial governing bodies, such as the SEC's Final Rule in the US and HMRC
in the UK.
"CIOs and CFOs tasked with filing their financial statements in XBRL
should begin looking at ways to strengthen their competitive advantage and
avoid increased reporting costs in the coming years, as these requirements
become increasingly onerous," said Theresa Clark, Trintech's Vice President
of Finance Transformation. "Embracing XBRL as more than just a compliance
requirement will be part of moving reporting from merely a statutory
obligation into a competitive tool. Unlike other XBRL financial reporting
tools, Unity XFR is embedded with an overall process and workflow technology
that extends the capabilities of existing ERP or CPM solutions. Unity XFR
facilitates this integration and offers a single system of record for fully
compliant financial statements and data."
Unity XFR is part of Trintech's Unity Financial GRC software suite, which
gives customers the ability to automate, consolidate and report on complex
financial processes across the enterprise. Unity XFR can be purchased as a
standalone financial reporting solution to manage the reporting process, from
period close to regulatory filing, or it can be fully integrated with Unity
Financial Close to enable advanced workflow, task management, review and
approval of financial close processes.
Key features of the Unity XFR solution include:
-- One-Button Financial Statement Publisher
-- Audit Trail and Document Versioning
-- Tag Financial Data Once, Output Financial Statements Often
-- Carry Forward Report and Data Templates
-- Dashboard Status Console
-- Workflow and Collaboration Features
"Trintech's new Unity XFR solution puts companies ahead of the curve with
an embedded XBRL financial reporting tool which can be fully integrated with
our Compliance (SOX) Solution as well as our end-to-end process and workflow
management solution for the entire financial close. This allows our customers
to streamline operations and realize significant savings: from the first mile
of the financial close to the last mile of financial reporting, the only
truly integrated financial governance suite on the market," said David
Taylor, Trintech's Vice President of Strategy.
About Trintech Group
Trintech Group Plc (NASDAQ: TTPA) is a leading global provider of
integrated financial governance, risk management, and compliance software
solutions for commercial, financial, and healthcare markets . Trintech's
recognized expertise in reconciliation process management, financial data
aggregation, revenue and cost cycle management, financial close, 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.
Trintech - 15851 Dallas Parkway, Suite 900 - Addison, TX 75001 -
Tel +1-972-701-9802
Trintech UK Ltd. - Warnford Court, 29 Throgmorton St. - London EC2N2AT,
UK - Tel +44-(0)-20-7628-5235
Trintech Technologies - Block C, Central Park - Leopardstown, Dublin 18,
Ireland - Tel +353-1-293-9840
Trintech - Cypresbaan 9 - 2908 LT Capelle a/d Ijssel, The Netherlands -
Tel +31-(0)-10-8507-474
Trintech Press Contact:
Dallas: Dave Tomlinson - Director, Marketing
Tel. +1-972-739-1611. Email: dave.tomlinson@trintech.com






