Dallas, TX - Trintech, the leading global provider of integrated Record to Report software solutions for the office of finance, today announced that it has achieved more than 100 percent year-over-year growth of its Cloud-based software bookings during the first quarter of its fiscal 2016, which ended on April 30, 2015. The company’s growth was fueled by the continued adoption and expansion of Cadency®, its enterprise-class Record to Report software-as-a-service (SaaS) solution, across blue-chip companies in the Americas, EMEA and Australia.
“Companies increasingly realize that only focusing on General Ledger reconciliations limits their ability to achieve continuous process improvement across the entire Record to Report process,” said Paul Byrne, chief executive officer at Trintech. “We are grateful for the trust that a record-breaking number of global organizations continue to put in Trintech as the market leader in Record to Report.”
Trintech serves over 35 percent of the Fortune 500 with nearly 200,000 users, making it the leading global R2R software solutions provider. Its Cloud-based software is being embraced by some of the world’s most respected companies to help them achieve real financial transformation due to the “flat lining” of their current processes and reconciliation solutions. Evidence of this can readily be seen at Trintech’s Global User Conference in Las Vegas, which includes companies from around the world who are achieving R2R success. This year’s conference set new records in terms of both company attendance and global partner involvement.
Trintech is the leading provider of financial software solutions for the Record-to-Report process. Over 900 clients in 100 countries – including half of the Fortune 50 and the FTSE® 100 – rely on our solutions to optimize resources, reduce costs, manage risk and monitor activities across the entire finance organization worldwide. Trintech’s Cloud-based Cadency® software manages all aspects of the financial close – from automating and managing balance sheet reconciliation, journal entries, to governance, risk and compliance, and financial reporting. ReconNET™ streamlines daily operational reconciliations such as bank and credit card transactions. Trintech has offices located across the US, UK, Australia, France, Ireland, the Netherlands and the Nordics, with partners in South Africa, Latin America and across the Asia Pacific region.