Trintech And Balance Innovations Partner To Deliver End-To-End Reconciliation Automation

Dallas, TX & Lenexa, KS - Trintech, the leading global provider of integrated Record-to-Report software solutions for the office of finance, has partnered with Balance Innovations, the leading developer of reconciliation and cash office management solutions for the retail industry. Both companies are market leaders in financial reconciliation in their respective areas of focus and already share many customers today. The partnership is designed to offer a comprehensive reconciliation solution to provide visibility from the point of sale to the corporate level.

“As leaders and experts in the retail reconciliation space, both Balance Innovations and Trintech provide retailers with solutions to help them better run their businesses,” said Mark Kohlrus, COO/CFO for Balance Innovations. “Our solutions complement each other. We focus on reconciliation down to the till level, and they provide it at the corporate level. We also have mutual clients, and there may be some future opportunities to provide them additional automation and value.”

Paul Byrne, Trintech CEO added, “By having Trintech automation at the corporate level and Balance Innovations at the store level, this creates the best of both worlds for customers with a complete, end-to-end view from the point of sale to the time a deposit is received at the bank and reconciled. Furthermore, Balance Innovations and Trintech are established leaders in the retail sector and understand the unique needs of retail companies.”

Both companies will be attending National Retail Federation’s upcoming Annual Convention & EXPO known as “Retail’s BIG Show,” which will be held in New York City. Representatives from Balance Innovations and Trintech will showcase financial solutions they currently deliver to some of the largest retailers in the world.

The specific companies identified above do not represent all of Spectrum’s investments, and no assumptions should be made that any investments identified were or will be profitable. View the complete list of our portfolio companies. Spectrum is not responsible for the contents of any third party website linked above, and has not confirmed the accuracy of any information provided therein.