Trintech's ReconNET 7.4 Streamlines Reconciliation Workflow and Improves Auditing, Documentation, and Internal Control DALLAS and DUBLIN, Ireland, Aug. 7 /PRNewswire-FirstCall/ -- TrintechGroup Plc (Nasdaq: TTPA), a leading provider of financial software andservices specializing in reconciliation workflow, revenue enhancement,transaction risk management, and compliance, today announced theavailability of ReconNET 7.4. ReconNET 7.4 is Trintech's latest release inits integrated suite of Financial Governance software. The newest versionof Trintech's reconciliation and account balancing application will helpclients further streamline reconciliation workflow; reduce resourceallocation to the reconciliation and exception management process; improveauditing, documentation, and internal control; and speed exceptionmanagement resolution. ReconNET 7.4 extends its ability to allow users to automate, monitor,and document the effectiveness of the account reconciliation process. Thenew account reconciliation lockdown features let clients close or"lockdown" specific time periods to ensure complete integrity throughoutthe accounting, reconciliation and financial governance process. ReconNET 7.4 incorporates support for current versions of Oracle andMicrosoft databases and the Microsoft Windows Vista operating system.Additional new functionality is provided to support the complex nature ofglobal enterprise accounting and financial governance practices, includingnew purge functionality, enhanced search capabilities, extended systemmanagement and administration functions, and transaction matching featuresto improve integration and reporting with general ledger systems. These new features will save clients valuable time while improvingoverall usability and controls over the reconciliation process. Using alarge client database, some purge processes were reduced by more than 95percent for Oracle, and 75 percent for MS SQL. Enhancements to searchfunctionality will allow clients to more quickly resolve exceptions. Lesstime will be spent on manual intervention, resulting in quicker resolutionof transaction errors. ReconNET easily automates complex daily, monthly,and periodic accounting processes, and is ideal for organizations withhigh-volume or complex transaction matching, exception identification, andoperational risk management requirements. "The sophistication of ReconNET allows clients to explore new avenuesfor reconciliation process improvement. Our clients continue to creativelyexpand and increase their use of ReconNET for a variety of transactiontypes," said John Harte, EVP and General Manager for Trintech. "Thisrelease of the solution will increase their ability to improve operationalefficiencies; more effectively manage risk; and achieve a measurable returnon their investment." About Trintech Group Trintech Group Plc (NASDAQ: TTPA) is a leading global provider offinancial software and services specializing in reconciliation workflow,revenue enhancement, transaction risk management, and compliance forcommercial, financial, and healthcare markets. For over 20 years, Trintechhas been providing comprehensive, industry-leading solutions to financialdepartments seeking greater insight into critical transaction processes.Trintech delivers a configurable, highly scalable platform thatincorporates a company's unique business processes, enabling managers toobtain greater visibility and more efficiently manage business riskthroughout the transaction lifecycle. Trintech's transaction processmanagement solutions include: ReconNET for high volume transactionreconciliation; AssureNET GL for general ledger reconciliation andcertification; On-Demand solutions for ASP ReconNET and AssureNET servicesand the Dataflow Transaction Network for data collection and delivery; andClearContracts, an ASP service which enables health care providers tooptimize contract profitability by reconciling payments received from theirpatients' insurers to amounts they should have received from claims underthe terms of their respective contracts. Five hundred leading companiesacross 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 andHaas, Verizon Wireless, and Ameren. Trintech's principal business office is in Dallas, Texas, withinternational offices in Ireland, the United Kingdom and the Netherlands.Trintech can be reached at 15851 Dallas Parkway, Suite 900, Addison, TX75001 (Tel 1.972.701.9802). Trintech's corporate office can be contacted atTrintech Technologies, Block C, Central Park, Leopardstown, Dublin 18,Ireland (Tel 353.1.293.9840). For more information, please visithttp://www.trintech.com. Trintech Press Contact: Dallas: Donna Martinez, Marketing Communications Manager, Trintech Tel. +1 972 739 1611. email: donna.martinez@trintech.com
