Dallas and DUBLIN, Ireland, Sept. 27, 2004 (PRIMEZONE) -- Trintech (Nasdaq:TTPA) (Prime Standard: TTP), a leading provider of transaction reconciliation and payment infrastructure solutions, announced today the release of ReconNET 7.0, the latest version of its leading industry-standard reconciliation and account balancing system. The release adds new features that extend its existing financial controls and reporting capabilities to facilitate audits and increase customers' compliance with regulatory requirements such as the Sarbanes-Oxley Act. ReconNET 7.0 also includes a number of enhancements that further increase the system's ease of use for daily reconciliation, research and period-end reporting.
ReconNET 7.0, previewed at the company's annual Customer Conference in May, provides enhanced financial control and reporting features in support of Sarbanes-Oxley requirements, including a comprehensive audit trail and audit trail reporting. Additional security has also been added to require user validation before system or reconciliation rule settings can be accessed. With these and other controls in ReconNET 7.0, companies can easily implement and enforce their reconciliation and cash management policies and prompty provide supporting documentation to auditors.
ReconNET 7.0 continues Trintech's emphasis on ease of use and improved user productivity, including an updated visual interface, new reporting capabilities, advanced transaction editing, and more flexible options for distributing research requests for unreconciled items to field offices. The enhancements in ReconNET 7.0 are the direct result of consultations and dialogue with customers about their current objectives and how the product can further help support those goals.
Trintech's Bank Fee Analysis customers will also benefit from enhancements in ReconNET 7.0 by gaining the ability to manually enter account analysis statements for banks that do not provide monthly bank fee statements in electronic format. The new Statement Entry wizard updates totals as entries are made, ensuring statements are entered accurately, and features the ability to create statement templates that minimize repetitive data entry.
"Trintech continues to invest and enhance ReconNET to meet the needs for strong financial controls and to meet the challenges faced by our customers' finance, treasury and accounting departments," said John Harte, General Manager of Trintech's Funds Management Systems Division. "We are committed to maintaining our leadership in the reconciliation market through the addition of high-value features, and extending our capabilities to support new markets such as healthcare, and new applications such as invoice-to-payment reconciliation."
About Trintech FMS
Trintech Funds Management Systems (FMS), a division of Trintech Group, provides comprehensive, industry-leading solutions that optimize enterprise funds management and payment lifecycle management, including the ReconNET reconciliation product suite, ReconNET Bank Fee Analysis, DataFlow statement delivery services, and the Guardian disbursement management system. Trintech's FMS solutions are optimizing performance in nearly 400 leading companies in retail, hospitality, food service, insurance, banking, government and other industries, including YUM! Brands Restaurants, Foot Locker, Radio Shack, 7-Eleven, Whitbread Group, Verizon Wireless, Kroger, Regal Entertainment, Budget Rent A Car, Wendy's, Farmer's Insurance Group, and the University of Missouri. Trintech FMS is located in Dallas, Texas, and can be contacted at 972-701-9802. www.trintech.com/fms
About Trintech
Trintech is a leading provider of transaction reconciliation and payment infrastructure solutions to retailers, financial institutions, payment processors and network operators globally. Built on 17 years of experience, Trintech's solutions manage each area of the payment transaction cycle from authentication, authorization, settlement, dispute resolution and reconciliation - enabling its customers to reduce transaction costs, eliminate fraud, minimize risk, maximize cashflow and increase profitability. Trintech can be contacted in Ireland at Trintech Building, South County Business Park, Leopardstown, Dublin 18 (Tel: +353 1 2074000), in the US at 15851 Dallas Parkway, Suite 855, Addison, TX 75001 (Tel: +1 972 701 9802), and in the UK at 186-192 Darkes Lane, Potters Bar, Hertfordshire, EN6 1AF (Tel: +44 (0) 1707 827000). www.trintech.com.
Trintech Press Contacts:
Ireland: Breda Leonard, Director Marketing Communications, Trintech Group Plc. Tel. +353 1 207 4164. email: breda.leonard@trintech.com
Dallas: Darrell Maronde, Director Marketing, Trintech FMS Tel. 972-739-1634. email: darrell.maronde@trintech.com