Hess Corporation Chooses Trintech’s AssureNET GL for General Ledger Reconciliation and Certification
Dallas, Texas/Dublin, Ireland – Trintech Group Plc (NASDAQ: TTPA), a leading provider of financial software and services specializing in reconciliation workflow, revenue enhancement, transaction risk management, and compliance, today announced that Hess Corporation has selected AssureNET GL to automate and standardize general ledger reconciliation for it’s Exploration & Production Headquarters in Houston, Texas.
“We are pleased to work with Trintech’s AssureNET GL to improve our reconciliation processes and controls,” said Scott Shelton, Manager of Revenue Accounting for Hess.
AssureNET GL automates and controls key accounting activities, including account reconciliation processes; trending, variance, and balance flux analysis; manual journal entry review and approval; and closing process tasks and activities. Additionally, the accounting compliance system facilitates the creation of documents/reports necessary for audits, such as Sarbanes-Oxley.
“We’re pleased to have Hess Corporation join our growing list of AssureNET GL clients,” said John Harte, EVP and General Manager for Trintech. “Large organizations contending with corporate governance and compliance realize there is a better way to reconcile and certify thousands of spreadsheets. AssureNET GL provides managers complete visibility to vital financial information across the enterprise, while delivering multi-levels of control and documentation to comply with auditing requirements.”
About Hess Corporation
Hess Corporation, with headquarters in New York, is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas. The Corporation also manufactures, purchases, trades and markets refined petroleum and other energy markets.
About Trintech Group
Trintech Group Plc (NASDAQ: TTPA) is a leading global provider of financial software and services specializing in reconciliation workflow, revenue enhancement, transaction risk management, and compliance for commercial, financial, and healthcare markets. For over 20 years, Trintech has been providing comprehensive, industry-leading solutions to financial departments seeking greater insight into critical transaction processes. Trintech delivers a configurable, highly scalable platform that incorporates a company’s unique business processes, enabling managers to obtain greater visibility and more efficiently manage business risk throughout the transaction lifecycle. Trintech’s transaction process management solutions include: ReconNET for high volume transaction reconciliation; AssureNET GL for general ledger reconciliation and certification; On-Demand solutions for ASP ReconNET and AssureNET services and the Dataflow Transaction Network for data collection and delivery; and ClearContracts, an ASP service which enables health care providers to optimize contract profitability by reconciling payments received from their patients’ insurers to amounts they should have received from claims under the terms of their respective contracts. Over 450 leading companies across 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 and Haas, Verizon Wireless, and Ameren.
Trintech’s principal business office is in Dallas, Texas, with international offices in Ireland, the United Kingdom and the Netherlands. Trintech can be reached at 15851 Dallas Parkway, Suite 900, Addison, TX 75001 (Tel 1.972.701.9802). Trintech’s corporate office can be contacted at Trintech Technologies, Block C, Central Park, Leopardstown, Dublin 18, Ireland (Tel 353.1.293.9840). For more information, please visit www.trintech.com.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.