Canada’s Agrium Inc. Selects Trintech’s AssureNET GL to Automate General Ledger Reconciliation
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 Agrium Inc., has selected AssureNET GL to automate and streamline their general ledger reconciliation process. Agrium, performing more than 1,500 reconciliations per month, will use AssureNET GL for general ledger reconciliation, reviews and approvals, variance analysis, manual journal entry review and approval, and closing process tasks and activities.
Calgary-based Agrium Inc., (TSX and NYSE: AGU) is the largest agricultural retailer in the United States, operating more than 400 retail farm centers, across 25 states with another 30 facilities in Argentina and Chile. The company also produces and distributes nitrogen, phosphate and potash fertilizers, as well as controlled release products and micronutrients through its Advanced Technologies Business Unit.
AssureNET GL will automate GL reconciliation, review and certification processes for approximately 75 users. The accounting compliance software will be used to assign reconciliation and review responsibilities, schedules, and formats for individual accounts or groups of accounts. For organizations that want to standardize the format of reconciliations without sacrificing flexibility, this functionality is highly valuable.
“We’re very happy to have been selected by Agrium. Our presence in the Canadian market demonstrates that we can provide superior products and services to customers in this important financial region,” said John Harte, General Manager for Trintech. “AssureNET GL takes an extremely important reconciliation process and enhances its comprehensive reporting capabilities.”
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