Trintech Group Plc (Nasdaq:TTPA), a leading global provider of
integrated financial governance, risk management and compliance
(GRC) software solutions, and Longview Solutions, a leading
provider of corporate performance management and tax provisioning
software, announced today that they have partnered to launch
Longview FXR, a new product helping businesses to fulfill the
burgeoning reporting requirements mandated by the SEC, HMRC and
other regulatory agencies. Powered by Trintech technology, Longview
FXR integrates with Longview's CPM suite to offer companies a
holistic compliance and financial reporting solution, including the
ability to tag and file Statutory Filings and other financial
disclosures with eXtensible Business Reporting Language (XBRL).
"We are delighted that Longview Solutions has chosen to power
Longview FXR with Trintech technology," said John Harte, Trintech's
General Manager. "Integration with Longview Consolidation allows
existing Longview customers to now automate critical 'last mile'
financial close and reporting processes in a single system. The
resulting efficiencies in document management, XBRL tagging, and
compliance reporting will help businesses produce more compliant
and accurate financial statements in a shorter amount of time."
Longview FXR enables customers to streamline efforts with an
embedded financial close and reporting tool to automate key data
aggregation, validation, workflow, review and approval processes
during the critical "last mile of Finance." Built-in validation
features reduce the errors associated with manual financial
reporting efforts, and a dashboard-driven management interface
allows businesses to more efficiently manage dependent tasks.
"Management of the XBRL Reporting and Financial Close processes
has become a critical-path task for large corporations," said John
Power, President, Longview Solutions. "Longview's partnership with
Trintech offers our customers the combined knowledge, expertise and
product capabilities of two market leaders mutually committed to
the Office of Finance."
Longview customers will benefit from the robust features
contained in this web-based solution, regaining control of the
"last mile of Finance." By leveraging an in-house solution rather
than relying on expensive external service providers, Longview
clients will:
- Improve efficiency (save time) and accuracy in financial
reporting
- Roll forward XBRL tags and automate other error-prone manual
tasks
- Reduce or eliminate errors with built-in validation
capabilities
- Gain time to remediate prior to filing
- Streamline processes with a web-based, embedded approach to
XBRL Statutory Filings
An added benefit for customers is that Longview FXR seamlessly
integrates with Longview's Financial Consolidation capabilities.
Clients seeking further continuity and accuracy of the financial
data populating their disclosure tables, audit trail and validation
rules now have the ability to re-use systemic controls already
built into the reporting process.
Longview FXR became available October 5, 2010 with limited time
introductory pricing and is currently being deployed by a number of
Longview clients. Trintech and Longview hosted a joint product
education and demonstration webinar last week, which can be viewed
online at:
http://w.on24.com/r.htm?e=250337&s=1&k=B0FCB41AB62ED69E932424A781B928E6.
Trintech's Unity Financial GRC Platform, which powers the
Longview FXR solution, is a suite of software modules enabling
companies to increase the accuracy and transparency of financial
reporting, reduce operational costs, shorten accounting cycle
times, reduce the risk of material weaknesses and fully comply with
financial regulations and compliance requirements.
About Longview Solutions Longview Solutions
provides corporate performance management (CPM) and tax
provisioning software that leading companies such as Trustmark,
Time Warner, Home Depot, Eaton, Welch's, and Integrys use to drive
performance with speed, visibility and financial integrity. Since
1994, many of the world's most respected companies have been using
Longview to create a single repository of financial truth from
which all, or any one of the following key financial processes can
be performed: Financial Planning, Budgeting, Forecasting, Modeling,
Statutory and XBRL Reporting, Financial Consolidation, Management
Reporting and Tax Provisioning. Longview is an Exact company
headquartered in Toronto, Canada with regional offices in
Philadelphia, Chicago (USA) and London (UK).
For more information, visit www.longview.com or contact:
Longview Solutions |
Jennifer Bentley |
905-513-5210 |
jbentley@longview.com |
About Trintech Group
Trintech Group Plc (Nasdaq:TTPA) is a leading global provider of
integrated financial governance, risk management, and compliance
(GRC) software solutions for commercial, financial, and healthcare
markets. Trintech's recognized expertise in reconciliation process
management, financial data aggregation, financial close and
reporting, 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
CONTACT: Longview Solutions
905-513-5210
Trintech Group Plc
Media Contact
Dave Tomlinson
(972) 739-1611
dave.tomlinson@trintech.com
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