Beallís Inc., Selects Trintechís ReconNET for Reconciliation and Exception Management
Trintechís Solution Enables US Retailer to Manage Transactions Efficiently and Reduce Transaction Risk
Dallas, Texas/Dublin, Ireland - 10 July, 2006 - Trintech Group Plc (NASDAQ: TTPA), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced that Beallís, Inc., a retailer with stores across the Sun Belt, has selected ReconNET to automate deposit, credit card and bank reconciliations. The installation of ReconNET is designed to enable Beallís to improve daily productivity and exception resolution and increase daily visibility into cash balances.
Since its modest beginnings in 1915, Beallís has grown to operate over 550 retail stores from Florida to California, with annual sales of over one billion dollars.
ďManaging transactions manually for hundreds of stores was very challenging. The time was right for us to make a change. We looked at several systems and opted for ReconNET, which we felt was user-friendly and superior in quality,Ē said Suzanne Gates, Treasury Manager for Beallís. ďReconNET will automate our workflow processes, strengthen controls, mitigate risk and reduce opportunity for errors while making us more efficient.Ē
ďBeallís has joined an increasing number of retailers benefiting from the ReconNET reconciliation system,Ē said John Harte, General Manager of Trintechís Funds Management Systems Division. ďMore and more, retailers worldwide are choosing Trintechís solutions to gain more control over their accounting and treasury lifecycle. It remains our primary goal to deliver systems and value that clients can depend on.Ē
About Beallís, Inc.
Beallís, Inc. is the parent company of Beallís Department Stores, Inc., Beallís Outlet Stores, Inc., and Burkeís Outlet Stores, Inc. The corporation, through its subsidiaries, operates over 550 retail store sites in states from Florida to California, with annual sales over one billion dollars. Since its modest beginnings in 1915, Beallís has grown to be a large Florida based retailer as well as a valued asset to the communities it serves throughout the country. Beallís is a privately held company with corporate headquarters located in Bradenton, Florida. For more information, visit www.beallsinc.com.
About Trintech FMS
Trintech Funds Management Systems (FMS), a division of Trintech Group, provides comprehensive, industry-leading solutions, specializing in transaction verification, reconciliation, process management and compliance. Trintechís suite of products includes the ReconNET reconciliation product suite, AssureNET GL for managing general ledger reconciliation and compliance, Treasure eNET - an ASP hosted treasury workstation, Bank Fee Analysis, and the DataFlow Transaction Network for data collection and delivery. Trintechís solutions are optimizing performance in over 400 leading companies in the banking and finance, convenience store and grocery, entertainment, hospitality, insurance, restaurant, retail, telecommunication, and utility industries. Clients include: Bank of America, 7-Eleven, Kroger, Regal Entertainment, Accor, Farmerís Insurance Group, YUM! Brands Restaurants, Radio Shack, Verizon Wireless and Ameren. The FMS division is headquartered in Dallas, Texas. For more information visit Trintech online at www.trintech.com/fms or call 972-701-9802.
About Trintech Group
Trintech Group is a leading provider of transaction reconciliation and payment infrastructure solutions to retailers, financial institutions, payment processors and network operators globally. Built on 19 years of experience, Trintechís 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), in Uruguay at Technology & Business Park, Zona America - Ruta 8 Km. 17.500, Of. 006 - Local 310, ZIP 91.600, Montevideo (Tel: + 598 2 518 2250) and in the UK at The Colonnades, Beaconsfield Close, Hatfield, Hertfordshire, AL10 8YD (Tel: +44 1707 632900).
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