DALLAS, July 27 /PRNewswire/ --
- Trintech's Unity Xtensible Financial Reporting (XFR) Solution - Only Embedded XBRL Financial Reporting Tool to Integrate Fully with a Process and Workflow Management Module for the Financial Close
Trintech Group Plc (Nasdaq: TTPA), a leading global provider of integrated financial governance, risk management and compliance software solutions, is proud to announce today the availability of Unity Xtensible Financial Reporting (XFR), a financial reporting software solution with embedded support for the tagging and output of XBRL-compliant financial statements.
As global accounting standards have started to converge, businesses are increasingly being required to understand and adopt XBRL as an enabling technology in enterprise wide disclosure initiatives being mandated by global financial governing bodies, such as the SEC's Final Rule in the US and HMRC in the UK.
CIOs and CFOs tasked with filing their financial statements in XBRL should begin looking at ways to strengthen their competitive advantage and avoid increased reporting costs in the coming years, as these requirements become increasingly onerous, said Theresa Clark, Trintech's Vice President of Finance Transformation. Embracing XBRL as more than just a compliance requirement will be part of moving reporting from merely a statutory obligation into a competitive tool. Unlike other XBRL financial reporting tools, Unity XFR is embedded with an overall process and workflow technology that extends the capabilities of existing ERP or CPM solutions. Unity XFR facilitates this integration and offers a single system of record for fully compliant financial statements and data.
Unity XFR is part of Trintech's Unity Financial GRC software suite, which gives customers the ability to automate, consolidate and report on complex financial processes across the enterprise. Unity XFR can be purchased as a standalone financial reporting solution to manage the reporting process, from period close to regulatory filing, or it can be fully integrated with Unity Financial Close to enable advanced workflow, task management, review and approval of financial close processes.
Key features of the Unity XFR solution include:
-- One-Button Financial Statement Publisher -- Audit Trail and Document Versioning -- Tag Financial Data Once, Output Financial Statements Often -- Carry Forward Report and Data Templates -- Dashboard Status Console -- Workflow and Collaboration Features
Trintech's new Unity XFR solution puts companies ahead of the curve with an embedded XBRL financial reporting tool which can be fully integrated with our Compliance (SOX) Solution as well as our end-to-end process and workflow management solution for the entire financial close. This allows our customers to streamline operations and realize significant savings: from the first mile of the financial close to the last mile of financial reporting, the only truly integrated financial governance suite on the market, said David Taylor, Trintech's Vice President of Strategy.
About Trintech Group
Trintech Group Plc (NASDAQ: TTPA) is a leading global provider of integrated financial governance, risk management, and compliance software solutions for commercial, financial, and healthcare markets . Trintech's recognized expertise in reconciliation process management, financial data aggregation, revenue and cost cycle management, financial close, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.
For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at www.trintech.com or at our principal business office in Addison, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.
Trintech - 15851 Dallas Parkway, Suite 900 - Addison, TX 75001 - Tel +1-972-701-9802 Trintech UK Ltd. - Warnford Court, 29 Throgmorton St. - London EC2N2AT, UK - Tel +44-(0)-20-7628-5235 Trintech Technologies - Block C, Central Park - Leopardstown, Dublin 18, Ireland - Tel +353-1-293-9840 Trintech - Cypresbaan 9 - 2908 LT Capelle a/d Ijssel, The Netherlands - Tel +31-(0)-10-8507-474 Trintech Press Contact: Dallas: Dave Tomlinson - Director, Marketing Tel. +1-972-739-1611. Email: firstname.lastname@example.org
SOURCE: Trintech Group Plc
Dave Tomlinson, Director, Marketing of Trintech Group Plc, +1-972-739-1611, email@example.com