Dallas, TX - Trintech, the leading global provider of integrated Record-to-Report software solutions for the office of finance, continues to extend its market leadership in the Enterprise Class market as evidenced by its 140% growth year-over-year in bookings of its Cloud-based software in first half of the company’s fiscal 2016. This follows a 100% growth in bookings in fiscal 2015 over fiscal 2014. The company’s continued expansion is being propelled by market adoption of Cadency®, its award-winning record to report software-as-a-service (SaaS) solution, across enterprise-class companies in the Americas, EMEA and Australia.
“The first half of year has been tremendous for Trintech in terms of new customer wins, global user expansion by our Enterprise customers, expansion of our company around the world, and product advancements.” said Paul Byrne, chief executive officer at Trintech. “An ever increasing number of global companies recognize that traditional point solutions only address pieces of the Record-to-Report process and completely ignore the critical requirements of total integration across the entire process, configurability, and scale that the office of finance requires to be successful. In the last few months alone, several public companies have paid a heavy price by not taking an integrated approach to managing their R2R processes, and not fully understanding the inherent risk such a strategy brings.”
During the first half of fiscal 2016, the company added dozens of Fortune 500 companies across a broad range of industries. Additionally, the company’s partnership with global business process outsourcer Capgemini continues to expand, with a number of its clients adopting Cadency for their Record-to-Report needs during the first half of the fiscal year.
“We have been offering our solutions in the cloud for over 10 years, and embracing the constant change that this requires is most certainly paying off for Trintech,” continued Byrne. “Our success is driven by the dedication of our employees to provide better software, better service and better support for our customers over that of any other alternative; and by our customers who trust and partner with us to ensure they deliver the optimum Record-to-Report platform for their business – present and future.”
As the world’s leading global R2R software solutions provider, Trintech currently serves more than 35 percent of the Fortune 100, comprising over 200,000 users and more than one billion transactions in the cloud annually. In addition to record bookings, the Company also posted record quarterly and half yearly EBITDA profit, marking eight successive quarters of continued growth. The company’s Cloud-based software continues to be 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 was seen this past May at Trintech’s Global User Conference in Las Vegas, which included companies from around the world who are achieving R2R success. The conference set new records in terms of both company attendance and global partner involvement.
Trintech is the leading provider of cloud-based 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 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’s 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. www.trintech.com.