- The Quadrant Knowledge Solutions SPARK Matrix™ provides
competitive analysis & ranking of Financial Close Management
(FCM) vendors.
- Trintech, with its comprehensive technology and customer
experience management, has received strong ratings across the
parameters of technology excellence and customer impact.
DALLAS, Sept. 6,
2024 /CNW/ -- Quadrant Knowledge
Solutions announced today that it has named Trintech, a
leading global provider of cloud-based financial close solutions
for the Office of Finance, as a 2024 technology leader in the SPARK
Matrix: Financial Close Management (FCM), Q3 2024.
The Quadrant Knowledge Solutions' SPARK Matrix™
includes a non-biased detailed analysis of global market dynamics,
major trends, vendor landscape, and competitive positioning. The
study provides competitive analysis and ranking of the leading
technology vendors in the form of its SPARK MatrixTM.
The study offers strategic information for users to evaluate
different provider capabilities, competitive differentiation, and
market position.
"Trintech's platforms, Adra (for mid-market organizations)
and Cadency (for large enterprises), empower organizations to
significantly reduce manual efforts in transaction matching,
account reconciliations and close management tasks through advanced
automation capabilities," said Pradnya
Gugale, Senior Analyst at Quadrant Knowledge Solutions.
"Moreover, backed by AI and ML, Trintech offers native risk
automation and automated risk ratings that effectively identify
anomalies and high-risk transactions, alerting users promptly. With
its overall sophisticated functional offerings, ability to cater to
variety of use cases, and robust roadmap, Trintech has been
positioned as a SPARK leader in the global market of 2024 SPARK
MatrixTM: Financial Close Management (FCM) and has
received strong ratings across the parameters of technology
excellence and customer impact," she further adds.
"We are honored to be recognized as a leader in the 2024 SPARK
Matrix™ for Financial Close Management by Quadrant Knowledge
Solutions," said Darren
Heffernan, CEO of Trintech. "This acknowledgment
reflects our commitment to delivering innovative, cloud-based
solutions that transform financial operations for organizations of
all sizes. Our platforms, Adra (for mid-market organizations) and
Cadency (for large enterprises), are designed to significantly
reduce manual tasks and enhance accuracy through cutting-edge
automation and AI capabilities. We are proud to lead the industry
in providing comprehensive solutions that address the complexities
of financial close management while empowering our clients to focus
on strategic decision-making. This recognition reaffirms our
dedication to innovation and excellence in financial close
management."
Quadrant Knowledge Solutions defines Financial Close Management
(FCM) as: "A comprehensive process of recording,
verifying, adjusting, and finalizing financial transactions across
global organizational entities to generate accurate financial
reports at designated intervals. The software automates this
record-to-report cycle, encompassing transaction recording,
statement reconciliation, financial consolidation, book closure,
and customized reporting for finance departments. It provides a
centralized view by integrating financial, operational, and human
resource data, offering holistic insights that aid decision-making
and ensure regulatory compliance with global
standards."
Download the full 2024 technology leader in the SPARK Matrix:
Financial Close Management (FCM), Q3 2024 report here.
About Trintech
Trintech gives people time back for what matters most. Our
cloud–based platform and solutions enable thousands of clients
worldwide to lead productivity transformation across their finance
and accounting organizations — driving efficiencies, ensuring
accuracy to mitigate risk, and empowering strategic
decision-making. Make time count with Trintech.
As the leader in Financial Close Management, Trintech is
headquartered in Plano, Texas with
offices and strategic resellers across United States, Europe, Australia, South
America, Africa, and
Asia Pacific. With a strong
partner ecosystem, Trintech collaborates with over 100 companies to
create a network of interconnected businesses. To learn more about
Trintech, visit www.trintech.com.
Media Contact:
Kelli
Shoevlin
Director, Global Corporate Marketing & Communications
kelli.shoevlin@trintech.com
About Quadrant Knowledge Solutions
Quadrant Knowledge
Solutions is a global advisory and consulting firm focused on
helping clients in achieving business transformation goals with
Strategic Business and Growth advisory services. At Quadrant
Knowledge Solutions, our vision is to become an integral part of
our client's business as a strategic knowledge partner. Our
research and consulting deliverables are designed to provide
comprehensive information and strategic insights for helping
clients formulate growth strategies to survive and thrive in
ever-changing business environments. For more available
research, please visit
https://quadrant-solutions.com/market-research/
Media Contact:
Shraddha Roy
PR & Media Relations
Quadrant Knowledge Solutions
shraddha.r@quadrant-solutions.com
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SOURCE Trintech