Trintech Teams Up with BWise to Deliver Improved Transaction, Risk and Compliance Management
Dallas, Texas/Dublin, Ireland - 24 July, 2006 - Trintech Group Plc (NASDAQ: TTPA), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced a partnership agreement with BWise, a leading provider of compliance and enterprise risk management software. Under the terms of the agreement, BWise customers will have direct access to Trintech’s general ledger reconciliation and certification solution, AssureNET GL. Likewise, Trintech customers will have direct access to BWise solutions for internal control, compliance, enterprise risk management, corporate and IT governance and process management.
BWise, recently named a Leader in the Forrester Wave™ Governance, Risk, and Compliance Platforms Q1 2006 product and platform evaluation, gives organizations the ability to increase corporate control by strengthening accountability; and financial, strategic and operational efficiencies for measurable business performance results.
The international corporate governance environment requires a growing number of companies to comply with Sarbanes-Oxley and other similar laws and/or regulations. The BWise-Trintech offering will enable organizations to leverage the joint benefits of market leading capabilities to simultaneously ensure compliance, reduce risk and streamline financial operations for improved quality and efficiencies. Within the joint solution, Trintech’s AssureNET GL, a general ledger reconciliation and certification solution, will provide the necessary information to BWise’s consolidated Compliance Dashboard to execute the proper controls as defined for the general ledger and reconciliation process.
Trintech’s AssureNET GL is deployed in organizations to assign reconciliation and review responsibilities, define reconciliation schedules, assign reconciliation templates for individual accounts or groups of accounts, and identify and manage risks relating to the account reconciliation and certification process.
“BWise recognized the value of partnering with an organization that focuses on maximizing transaction processing efficiency, reducing risk and increasing compliance. Trintech’s extensive reconciliation expertise as well as the breadth and depth of their client base impressed us greatly,” said Robert Pijselman, CEO of BWise. “Together with Trintech, our joint approach will give companies the ability to reap significantly extended benefits in their compliance efforts.”
“There are clear synergies between our two companies. Our product solutions and market focus are complementary,” said John Harte, General Manager of Trintech’s Funds Management Systems Division. “We view this as a long-term business partnership, and we look forward to extending our mutual client base.”
BWise is a global leader in compliance and enterprise risk management software with a strong heritage in business process management. Established in 1994, BWise delivers proven solutions to help organizations become “in control” by increasing corporate accountability; strengthening financial, strategic and operational efficiencies; and maximizing performance and ROI. With more than 1,200 customers in more then 80 countries worldwide and 125,000 users in virtually all markets, BWise has developed a strong and sustainable presence in the compliance and risk management sectors. Utilizing templates and a best-practice implementation approach, BWise enables management to measure and manage risks and to comply to rules and legislation such as Sarbanes-Oxley, European Corporate Governance Codes, IFRS, Basel II, ISO-standards and more. BWise has offices in the Netherlands, United States and India. For more information, visit www.bwise.com.
About Trintech Inc.
Trintech Inc., a division of Trintech Group, is a global software, technology services, and hosted application services company specializing in transaction verification, reconciliation, process management and compliance. Trintech’s suite of products include the ReconNET reconciliation product suite, AssureNET GL for assigning reconciliation and review responsibilities, Treasure eNET treasury workstation, Bank Fee Analysis, and the DataFlow Transaction Network for data delivery. Trintech’s 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, Farmer’s Insurance Group, YUM! Brands Restaurants, Radio Shack, Verizon Wireless, and Ameren. Trintech Inc. is headquartered in Dallas, Texas. For more information 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, 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 The Colonnades, Beaconsfield Close, Hatfield, Hertfordshire, AL10 8YD (Tel: +44 1707 632900).
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