Industry-Leading Enterprises Continue to Choose Trintech to Automate their Record to Report Process

DALLAS, TX / ACCESSWIRE, Aug 12, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today announced that industry-leading organizations are continuing to partner with Trintech to automate the Record to Report process. As these complex organizations focus on scaling their business and face the new challenges of the pandemic era, they demand a seamless, integrated, and configurable solution with end-to-end encryption, supporting 100s of ERP instances including SAP(R), Oracle(R) and NetSuite(R). Trintech counts the majority of the Fortune 100 among its client roster.

"We have seen our clients pivot quickly and realize the benefits of having a comprehensive solution in place that supports a fully-operational virtual ecosystem," says Teresa Mackintosh, CEO of Trintech. "As any organization serving large enterprises knows – and this is especially true right now – you need to be able to offer more than point or narrow solutions. You need a consistent partner with a comprehensive end-to-end solution that can work remotely with existing ERPs and handle real complexities in scale, performance, security, diversity, and regulatory and geographic requirements. We call it "Enterprise Grade" financial accounting software, and this enterprise expertise is at our core."

Trintech's Cadency solution is the only System of Accounting Intelligence (SOAI) that combines end-to-end financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management, and compliance. In addition, it leverages innovative technologies, such as Artificial Intelligence (AI), Risk Intelligent RPA(TM) (RI RPA), and ERP Bots for further efficiencies and to support your financial transformation journey as your business evolves and grows.

"We are finding that more and more large enterprises are discovering the value of choosing a firm that is more than a vendor — a consistent partner who provides reliable industry expertise and a complete, end-to-end solution that can scale with their growth," said Russ Hubbard, Chief Revenue Officer of Trintech. "A perfect example of this is a client of ours, a Fortune 10 premier health innovation company that went through a $70B merger and chose to replace BlackLine with Cadency. They believed Cadency was the only solution that could standardize and transform their financial processes globally as they combined their retail and insurance organizations."

DXC Technology, an organization resulting from the merger of Computer Sciences Corporation and Hewlett Packard Enterprise's Enterprise Service segment, also chose Trintech's Cadency solution, displacing BlackLine, for over 3,000 global users. The firm needed a solution that could integrate seamlessly with SAP(R) and provide full visibility and control across the entire global organization rather than merely implementing a workflow tool. DXC Technology has implemented Cadency Reconciliation Certify, Close, and Journal Entry and has also started to deploy Trintech's ERP Bots to gain further efficiencies.

In order to improve its R2R process, ABB partnered with Trintech and Capgemini to implement Trintech's Cadency solution in support of new processes, a drive for automation, and significant change management. After choosing to implement Cadency over BlackLine, ABB has achieved a single, standardized approach to balance sheet management on a global scale. Reconciliations have required less manual effort due to increased automation and the application of a risk-based strategy. ABB is now able to focus on the risk rating of their balance sheet, with high-risk accounts, such as bank accounts, being reconciled each month with low risk accounts on a less frequent reconciliation cycle.

Furthermore, a global, industry-leading office experience solution provider and a Fortune 150 real estate firm both recently came to Trintech from BlackLine, needing a more complete Record to Report solution with a proven compliance framework ideal for large enterprises. In another instance, a Fortune 20 retailer who previously used the BlackLine solution as a workflow tool for their account reconciliations decided to implement Trintech's Cadency solution to support a broader financial transformation initiative that extended well beyond their limited BlackLine implementation.

"We don't provide a one-size-fits all solution, and that's by design – a truly effective solution for the office of finance shouldn't be," said Mackintosh. "The needs and requirements of mid-sized organizations versus large enterprises are vastly different which is why Trintech has invested in two solutions, Adra and Cadency, to ensure we provide our customers with the most effective solution for their organization. When a competitor has only one solution to offer, it often means sacrificing a customer's requirements versus providing solutions built specifically to a customer or market's unique needs. As we continue to see Adra gain traction in the North American market, we're confident we'll see Trintech succeed in competitive displacements in the mid-market segment going forward as we are observing in the Enterprise market."

About Trintech

Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech's portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kristina Pereira Tully
Vested
650-464-0080
trintech@fullyvested.com

SOURCE: Trintech, Inc.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Commodities Intelligence Centre (CIC) introduces International Trade Data Platform and Financial Services to drive digital transformation of Singapore SMEs

SINGAPORE, Jul 18, 2020 – (ACN Newswire) – Commodities Intelligence Centre (CIC) today announced the launch of the international version of its web-based business intelligence tool suite, CIC Data Pro, and Leads Generation Business Growth Service. CIC, in partnership with the Singapore Business Federation (SBF), has also offered these new packages under the SBF Rising in Support of Enterprises (RISE) Programme for eligible SBF members. The SBF RISE Programme aims to help Singapore businesses, particularly small- and medium-sized enterprises (SMEs), tide over the challenges arising from COVID-19, push on with digital transformation efforts and emerge stronger. For details, please refer to https://www.sbf.org.sg/activities/sbf-rise-programme.

Catered to a broad range of industry verticals from manufacturing, import-export, wholesale, financial services to logistics, CIC Data Pro leverages big data analytics to harness insights from its comprehensive collection of 1.5 billion records of customs and trade data. The data will enable businesses to uncover new market opportunities and identify reliable partners and suppliers from more than 90 countries across Asia, Europe and the Americas. It also provides customised market insights into the trading activities of global companies, such as information on counterparties, production specifications and past shipment details.

CIC is a Joint Venture between Singapore digital bank hopeful ZALL Smart Commerce Group, Global eTrade Services (GeTS) and Singapore Exchange (SGX). It looks to build trade connectivity through digital marketplaces and to grow a vibrant trading ecosystem in Singapore and beyond. Since its launch in October 2018, CIC has achieved a gross merchandise volume of more than US$12.7 billion (S$17.7 billion), with over 5,000 registered users covering markets including Singapore, Malaysia, Indonesia, India, China, among other countries in Asia.

Mr Peter Yu, Chief Executive Officer of Commodities Intelligence Centre, said, "The global spread of COVID-19 has impacted all industries in unprecedented ways, and businesses around the world are facing greater risks and challenges with the disruption of production and supply chains coupled with increased uncertainties of customer demand. CIC Data Pro and Lead Generation Service will enable companies to diversify their revenue sources and extend the global reach of their supply chains, building business resilience against the pandemic."

CIC Data Pro is currently available on CIC platform, and is part of the suite of solutions offered by CIC to help companies reduce transaction costs, optimise the efficiency of their supply chains across cross-border trading, financing, logistics, compliance and risk management, achieving greater trading synergies globally. More than 40 companies, including global leading supply chain financial company, Linklogis and renowned enterprises have subscribed to take advantage of CIC Data Pro's data services.

In an effort to double the support for Singapore's business community amid the COVID-19 pandemic, CIC will also on-board GeTS CALISTA Finance with a US$20 million (S$27.8 million) fund for B2B trade financing. This fund will enable businesses and SMEs to be able to use CALISTA Finance to address short-term liquidity challenges, and to fulfil trade financing needs seamlessly, securely, and smartly.

CIC is Singapore's first physical commodity B2B e-trading platform powered by blockchain technology that facilitates commodity traders from around the world to transact in a secure and trusted manner, enabling real-time end-to-end visibility of supply chains and the traceability of cargo and cashflow across borders.

About Commodities Intelligence Centre (CIC)

The Commodities Intelligence Centre (CIC) is a global trading platform for physical commodities including Ferrous & Non-Ferrous Metals, Chemicals & Plastics, Oil & Petroleum, and Agri Commodities. Officially launched in Singapore on 12 Oct 2018, CIC is a Joint Venture between China-based ZALL Smart Commerce Group, Global eTrade Services (GeTS) and Singapore Exchange (SGX) to build trade connectivity through digital marketplaces and to grow a vibrant trading ecosystem in Singapore.

CIC aims to revolutionize commodity trading and facilitate cross-border trade through deal matching, trade finance, supply chain logistics, track and trace and global trade compliance. Since its establishment in October 2018, CIC has achieved a GMV (Gross Merchandise Volume) of more than US$12.7 billion (S$17.7 billion), with over 5,000 registered users covering markets including Singapore, Malaysia, Indonesia, India, China, among other countries in Asia. For more information, please visit www.cic-tp.com.

For media enquiries, please contact:
PRecious Communications for ZALL Group
Email: ZALL@preciouscomms.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

A Free Bitcoin Tax Solution for This Season

ZUG, SWITZERLAND, Jul 13, 2020 – (ACN Newswire) – ACCOINTING, a crypto tax, and portfolio tracking platform, has launched a free crypto tax solution that allows users to track Bitcoin and over 4,500 cryptocurrencies via mobile or desktop, manage their crypto transactions in over 300 exchanges and wallets and generate a tax report of up to 25 transactions at no cost.

ACCOINTING has decided to launch its free package just in time for the re-scheduled tax submission date (July 15th) in the United States providing an accurate and wholesome solution to the American taxpayers. Offering the most accurate and affordable packages in the market. ACCOINTING tax solutions start at $49.99 and offer a 30-day money-back guarantee for the US (restrictions apply).

ACCOINTING underwent several infrastructure updates throughout this year, which allowed them to add new features to the platform. This includes a new bitcoin and altcoin portfolio tracking app available on iOS and Android that allows users to get an overview of their portfolio, set price alerts for token value fluctuations as well as get a summary of their transaction history, all from a very intuitive platform.

ACCOINTING hopes that this will only add to their global growth, as they have recently partnered with one of Germany's top legal firms in the cryptocurrency sector, Winheller Attorneys at Law and Tax Advisors. Winheller is the pioneer on cryptocurrency taxation law in Germany as well as one of the few taxation firms with a sole branch dedicated to cryptocurrency taxation and arbitrage. The partnership establishes and solidifies ACCOINTINGs presence in the DACH region by showing that not only is ACCOINTING an easy-to-use tool, but precise and dependable from a legal standpoint.

ACCOINTING has also established some very fruitful partnerships with key players in the market. With that, ACCOINTING looks forward to working with numerous stakeholders in the crypto space to increase the users' experience in the platform, by bringing new and exciting tools, allowing users to easily integrate their favorite trading platform and track, manage and report their transactions.

"Long term, we want to be the most user-friendly platform in the crypto space," states Dennis Wohlfarth, COO of ACCOINTING. "We decided to tackle cryptocurrency taxes first as it was one of the biggest pain points for us as traders and we wanted to create an amazing user experience to generate a tax report, without losing accuracy," points out Alexander Lindenmeyer, CXO of ACCOINTING.

ACCOINTING is an all-in-one solution trusted by thousands of crypto traders around the world, changing the way people handle their crypto taxes and providing relevant insights and information about the crypto trader's portfolio through an intuitive platform with modern design, great customer service and overall user experience that adapts to the life cycle of their users, regardless of their level of experience. ACCOINTING offers a crypto portfolio tracking app and desktop as well a crypto tax solution, focusing on easing the onboarding process into crypto of the trader as well as increasing the understanding of the users' portfolio behavior and performance.

TO LEARN MORE ABOUT ACCOINTING:

Accointing Services AG
Bahnhofplatz, Zug, Switzerland, 6300
Dennis Wohlfarth
+41 41 481 04 04
dennis@accointing.com
www.accointing.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Startup Bets Crypto can Drive Real Estate Rentals Down

Cheltenham, UK , Jun 18, 2020 – (ACN Newswire) – EWO place, a UK startup introducing the concept of property subscriptions, officially opens to the general public after years in the making.

With "Earn Without Owning" as its motto, the never-before-seen approach is a type of virtual Real Estate club. It rewards subscribers with tokens while helping local communities in the real world.

"It's no secret that home ownership has become increasingly difficult," said Richard Mathieson, Co-Founder of EWO place. "While this happens, tenants suffer ever growing rents under punishing terms. Making the whole process unfair. We come to fix it."

Using its own properties, the company balances rewarding users on one side with cutting rents for communities on the other. This brand new model, or as they call it "real estate activism" may well change the industry.

For most people, EWO place works like a cryptocurrency account that earns interest. In the block-chain industry this is known as "staking". The EWO difference is that it uses its own property's in-come to distribute token rewards.

"People subscribe by parking EWO tokens; with a maintained balance, they get weekly rewards," said Mathieson. "Since our properties are backed by this model, we can list them for rent below market levels. That helps communities to afford better places under fairer terms. Real Estate re-bellion with no guns, just brains."

The EWO place app is free to download and requires no registration or personal data from users. The app wallet's public address doubles as the user's membership.

"As we like to put it, EWO lets you earn from properties you don't own, while helping people you don't know," said Mathieson. "We've been working in secrecy since 2015, so it feels great to be sharing it today."

For more information visit https://www.ewoplace.com.

EWO place
Richard Mathieson, co-founder
office@ewoplace.com
+44 (0) 2078732456
https://www.ewoplace.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

The first A+H+G insurance company is ready to embark on its journey: CPIC discloses intention to float at the London Stock Exchange

HONG KONG, Jun 11, 2020 – (ACN Newswire) – After successively obtaining approval from the China Banking and Insurance Regulatory Commission and the China Securities Regulatory Commission, China Pacific Insurance (Group) Co., Ltd. (hereinafter referred to as "China Pacific Insurance", stock code: SH601601; HK02601) announced on June 10, 2020 that it had issued the Intention to Float ("ITF") to list Global Depositary Receipts (GDR) on the London Stock Exchange. The issuance of the ITF implies that China Pacific Insurance has received greenlight from both domestic and overseas regulatory authorities for the GDR issuance, and has taken a major step towards listing. Post the completion of the issuance, China Pacific Insurance will be the first Chinese insurer to list simultaneously in Shanghai, Hong Kong and London. Meanwhile, the GDR issuance of China Pacific Insurance will become the second westbound issuance under the Shanghai-London Stock Connect, marking a material advancement in the bilateral cooperation of the China's and UK's capital markets, and another milestone in the globalization of China's capital market.

According to the Intention to Float, China Pacific Insurance intends to issue up to 113,160,600 GDRs with each GDR representing 5 A shares of the company. The GDR issued is expected to be listed in the UK and traded on the Shanghai-London Stock Connect segment of the Main Market of the London Stock Exchange. Since the subscription of GDR issued is limited to qualified investors under relevant domestic and foreign regulatory rules, the Intention to Float is not published for domestic investors. UBS AG London Branch and Huatai Financial Holdings (Hong Kong) Limited are acting as Joint Global Co-ordinators and Joint Bookrunners for this issuance.

The decision to issue GDR on the London Stock Exchange marks a key step for China Pacific Insurance to execute "Transformation 2.0" strategy, enabling it to further optimise its shareholding structure, corporate governance, and expand its international presence. The GDR issuance will not only be an important milestone at China Pacific Insurance's 29th anniversary, but will also effectively promote economic and trade cooperation between China and the UK, and fully demonstrate the opening up of China's capital market to the world.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

MB Bank turns to Software AG to revolutionise the banking experience

SINGAPORE, Jun 3, 2020 – (ACN Newswire) – Software AG (Frankfurt TecDAX: SOW), a leading enterprise software company, announced that it has been working with Vietnam-based Military Commercial Joint Stock Bank (MB Bank) to help them navigate increased consumer demand and future-proof business operations in today's digital world through Software AG's webMethods solutions.

With 15,000 employees and 4 million clients across Vietnam, Cambodia, Laos and Russia, MB Bank had to step up in providing customers with high-speed online services, while continuously improving business processes to support compliance. With rapid consumer demand, manual intervention was no longer a feasible option, given the time-consuming process of onboarding new customers. Additionally, the lengthy loan approval process translated to a high possibility of the bank losing potential customers to faster, more agile competitors.

Focused on building a computerised business process management system that could streamline and centralise its processes while ensuring adherence to local regulations, MB Bank has recognised the need for stronger capabilities that ensure its front-end systems are well-integrated with a back-end core. MB Bank eventually invested in webMethods, Software AG's powerful application integration suite, upon realising that its future depended on a stable, secure, multi-channel integration platform.

"In order to grow alongside market demand, we needed to ensure that tasks are completed swiftly and smoothly. We decided to bet on Software AG's webMethods to gain end-to-end control and visibility of our processes, and better align our business with IT," said Hoc Nguyen Xuan, CIO of MB Bank.

While the bank initially invested in webMethods Business Process Management Suite (BPMS) to help tie together its many disparate systems seven years ago, MB Bank recently decided to go with webMethods CentraSite for API management and SOA as well. CentraSite has since enabled the bank to create a central, platform-independent application for defining, storing and describing assets. MB Bank can now reuse data in all its branches and subsidiaries, saving many hours of manual labor. MB Bank processes around 30,000 tasks per day for around 3,000 users through webMethods.

webMethods has helped MB Bank combine all systems and data sources to deliver a comprehensive, trusted view of its business functions while integrating existing and new technologies. This has resulted in optimised processes and improved work efficiency by 40% and a 30% reduction in overall operating costs.

"Asia's financial services sector is on the cusp of rapid digital transformation. As integration becomes the norm, banks that are able to adapt and become more agile have a competitive advantage," said Anneliese Schulz, Regional President for Asia Pacific & Japan, Software AG. "We hope to continue empowering financial services institutions such as MB Bank as they focus on optimising processes and bolstering speed in the new era of banking."

MB Bank will continue to leverage Software AG's solutions as it continues to scale up, enhancing its end-to-end process management, and integrating data silos across the organisation.

About Software AG

Software AG offers Freedom as a Service. We reimagine integration, spark business transformation and enable fast innovation on the Internet of Things so you can pioneer differentiating business models. We give you the freedom to connect and integrate any technology – from app to edge. We help you free data from silos so it's shareable, usable and powerful – enabling you to make the best decisions and unlock entirely new possibilities for Growth. Learn more about Software AG and Freedom as a Service at www.softwareag.com.

Media Contact:
PRecious Communications for Software AG
Charlene Pe / Jann Wee / Rajiv Menon
softwareag@preciouscomms.com
+65 6303 0567

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Southern Asset Management’s Li Haipeng Sees Promising Future for Bond Index Funds

BEIJING, May 15, 2020 – (ACN Newswire) – Since 2018, bond index funds have delivered an eye-catching performance as the bond market goes bullish, and bond index fund products have reported an exponential growth in not only the quantity but also the size, drawing increasing attention from investors. Southern Asset Management, as one of the earliest fund companies in China to develop bond index funds, has scaled up its bond index fund products continuously in recent years. According to Wind and the 1Q product reports, as of 1Q20, bond index funds managed by Southern Asset Management added up to more than RMB30 billion, ranking ahead in the entire market; China Southern China Bond 1-3 Years CDB Bond Index Fund has become one of the largest bond index funds across the whole market with a size of over RMB28 billion.

Mr. Li Haipeng, Deputy General Manager & Chief Investment Officer (Fixed Income) at Southern Asset Management

Mr. Li Haipeng, Deputy General Manager & Chief Investment Officer (Fixed Income) at Southern Asset Management, expects the bond index fund market to continue to grow in size and sophistication with the new business formats of the asset management industry. He says his company will further improve the index fund product line based on customer requirements, and provide customers with more diversified instruments.

Advantageous bond index funds onto a fast growth track

As early as in 2011, a bond index fund, namely China Southern CSI 50 Bond Index Fund, was made debut in China's fund industry. It is the predecessor of China Southern China Bond 10-year Treasury Bond Index Fund. However, it was not until 2018 that the bond index market stepped onto a fast growth track in the real sense. Over the past two years, there has been a growth of more than RMB300 billion in the market size. As of 1Q20, the entire market had 103 bond index funds putting RMB367,953 million under management and covering many different classes of assets, e.g. policy-related financial bonds, local government bonds and unsecured bonds with high credit ratings.

Mr. Li said, rapid development in the past years is an inevitability for China's bond index funds, and this is also an irresistible development trend of global mutual fund industry. According to the statistics of Bloomberg, as of 1Q20, bond index funds (including ETFs) in the U.S. had a size of about USD1.52 trillion, accounting for over 28% of all the fixed-income mutual funds. China's bond index funds share a series of common characteristics with their foreign counterparts but they are also unique in their own ways: First, with a clear risk & return characteristic, bond index funds are an ideal instrument for customers to realize the strategy of allocating assets among major categories and also the timing strategy. Second, the clear and transparent operations of bond index funds make them suitable for penetrated management of underlying assets, which is right in the direction of regulatory policies in the era of new asset management regulations. Third, the management fees of bond index funds are usually lower than traditional money market funds and active bond funds. Therefore, they are more cost-effective. Fourth, from a long-term point of view, the performance of passive products may beat active ones. Especially in the current low-interest rate environment, there are relatively limited opportunities of getting an alpha, i.e. excessive return, and thus passive products stand out with their particular advantages.

Mr. Li also stressed, China's bond index fund sector, in spite of a fast growth in recent years, is still in infancy compared with overseas, typically seen in: (1) a relatively small market size. In the entire market bond index funds account for about 8% of all the bond funds, a big gap from the 28% weight in the U.S.; (2)lack of product diversity. Bond index funds currently available in the market mostly invest in short- and medium-term policy-related financial bonds to reflect the common index performance. Their types and tenors call for innovation.

Promising bond index fund market to further enlarge volume

Mr. Li offered insights into the future development of bond index funds. He predicted the market volume and instrument nature of bond index funds would be further strengthened in the days to come. In the new era of pan-asset management, net worth-based product and penetrated supervision will define the development of financial industry. However, net worth-based product does not mean that customers can tolerate sharp fluctuations of product performance. In consideration of customers' traditional wealth management habit, the ability to create sustained absolute return will become the core competitiveness of mutual fund companies, wealth management subsidiaries of banks and other asset management institutions. Because of the big volatility of single assets and the difficulty for them to get an alpha, to secure a long-term stable return must rely on a portfolio which is made up of different assets and takes asset allocations among major categories as the core strategy.

Mr. Li analyzed, in the above-mentioned context, bond index funds which boast a low cost, clear risk & return characteristic, good liquidity, high transparency, stable return and risk decentralization will possibly become the next type of superb instrument products under the new business formats of the asset management industry in the future and help wealth management subsidiaries of banks and other asset management institutions to construct multi-asset portfolios in a cost-efficient manner. Thus, broad development prospects are expected for bond index funds.

Concerning what kind of competitive landscape China's bond index fund market will show in the future, Mr. Li said, "the development of bond index funds in the rest of the world obviously features 'leader effect' and 'first-mover advantage'. The bond index funds managed by Vanguard Group which has accumulated decades' experiences and been reputable in the industry approximate USD700 billion. iShares is a leader in the bond ETF sector, and bond ETFs managed by it exceed USD400 billion. In our opinion, the main reason lies in the fact that a larger fund decentralizes its liabilities and is thus more stable. This is conducive to the application of different asset strategies. What's more, purchases and redemptions by investors usually have a small impact on fund operations and help to control the tracking errors. Moreover, a larger ETF usually has higher liquidity and lower discount/premium in the secondary market, thus in a better position to meet the trading needs of investors, form a loop of positive feedbacks and continuously push up the size. A leader effect is expected in China's developing bond index fund market, just the same as the foreign markets, and the leading companies will become even stronger.

Southern Asset Management expanding bond index fund size to above RMB30 billion after years' endeavors

Back to 2011, Southern Asset Management began to tap the bond index sector, and issued China Southern CSI 50 Bond Index Fund, which was transformed into China Southern China Bond 10-year Treasury Bond Index Fund in 2016. After nearly a decade's endeavors, Southern Asset Management has become increasingly mature in the management techniques, system development and team building of bond index fund products. Its bond index funds post an annualized tracking error rate far lower than the average of comparable counterparts in the market during the operating period, and are more accurate in tracking indexes.

For many years, Southern Asset Management has made unremitting efforts to enhance the management capabilities of bond index funds and committed itself to building a China-famous bond index fund management brand. The long-term efforts have paid off. The company has accumulated rich experiences in the management of bond index funds and put in place an advanced management system. In addition, Southern Asset Management has continued to accelerate the deployment of index fund product line in a bid to provide institutional bond investors with a wide array of investment instruments. Since 2018, Southern Asset Management has taken faster moves in offering bond index fund products. By successively incepting and issuing index product series including China Southern China Bond 1-3 Years CDB Bond Index Fund, China Southern China Bond 3-5 Years ADBC Bond Index Fund and China Southern China Bond 7-10 Years CDB Bond Index Fund, the company has fully covered the yield curves of short-, medium- and long-term products. It has also successively issued a regional unsecured bond index fund, further enriching the product mix.

The years' endeavors of Southern Asset Management have been well recognized by customers. According to Wind and the 1Q product reports, as of 1Q20, bond index funds managed by Southern Asset Management added up to more than RMB30 billion, ranking ahead in the entire market; China Southern China Bond 1-3 Years CDB Bond Index Fund has become one of the largest bond index funds across the whole market with a size of over RMB28 billion.

Following the general trend of increasing investment in bond index products, Mr. Li introduced, "Southern Asset Management will remain focused on two aspects in the future. At the product level, we will, based on customer needs, further improve the index fund product line and provide customers with more diverse instrument products. On the basis of having extended our interest rate bond products to all yield curves, we will place a high premium on index enhanced products, unsecured bond index products and innovative ETF products to further diversify our product line. Particularly in terms of innovative products, Southern Asset Management will deem the development of inter-market ETFs and inter-bank market convertible bond index funds a key project in line with the policy orientation, and make efforts to become one of the first group of fund companies to pilot and premiere innovative products."

Company Overview
On March 6th, 1998, China Southern Asset Management Co., Ltd. (Southern Asset Management) was officially established as one of the first domestic asset management companies approved and regulated by the China Securities Regulatory Commission (CSRC), which symbolizes the start of our nation's "New Golden Era for Funds".

Southern Asset Management has stood the tests of time and sweeping change in the Chinese capital markets. By showing stable and sustainable performance and providing improved and professional services, Southern Asset Management has managed to continuously build trust and recognition through a wide range of investors including mutual fund investors, the National Council for Social Security Fund, corporate annuity clients and high-net-worth clients.

Southern Asset Management has grown to become an industry leader, with a diverse range of products, comprehensive business activities, exceptional investment performance and a large scale of assets under management. As of March 31st, 2020, Southern Asset Management and its subsidiaries had combined assets under management (AUM) of USD 160.8 billion. Visit www.southernfund.com.

Media Contact: Si Chen
E: chensi@southernfund.com
China Southern Asset Management
URL: https://southernfund.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Trintech Releases 2020 Global Record to Report Benchmark Report

DALLAS, TX / ACCESSWIRE, May 13, 2020 – (ACN Newswire) – Trintech, a leading provider of financial software solutions, today announced the release of its 2020 Global Record to Report Benchmark Report. Trintech surveyed almost 200 enterprise companies across 31 countries through January 2020 to evaluate which parts of the Record to Report (R2R) process have been automated, which are in the process of being automated and where finance and accounting (F&A) organizations are looking to adopt automation in the future.

Key findings from the survey on the trends in R2R automation include:
– Reconciliations are currently the single biggest challenge for F&A organizations
– A growing number of organizations identify a lack of standardization across all processes as their main roadblock to efficiency
– Looking ahead to 2025, respondents expect their biggest challenges will be personnel related, as attracting and retaining talent becomes more critical

"Automating low-value, repetitive tasks completed by the office of finance is finally starting to gain traction – we see the interest in the benefits of financial automation growing each year," said David King, Chief Marketing Officer at Trintech. "These insights show that there is a huge potential for organizations to achieve significant ROI through the implementation of automation technology. Now, more than ever, organizations are looking for ways to be more efficient, while increasing transparency and ensuring data integrity as part of their month end or quarter end close. The office of finance is providing insights almost daily now that are crucial for business decisions across every industry."

In terms of organizations' current automation practices, only 20% of respondents have "Established" or "Advanced" automation in place. The report's findings also show that most organizations are at least starting the move towards automating some parts of their office of finance, and there are few laggards that have not started implementing automation at all.

"Organizations need to spend more time understanding risk and less time managing data – approaches that deliver that efficiently and effectively, and drive quality into the process, have immense value," said Jim O'Connor, Managing Principal Advisory Practice at The Hackett Group.

To dive into the results of this benchmark report further, Trintech and The Hackett Group will be hosting a joint webinar, How to Prepare Your Organization for the Future of Financial Automation, on Thursday, May 14th, to give companies insight into topics such as:
– The biggest challenges for the month end process
– Roadblocks to having the most efficient process
– The maturity of financial close automation
– Key areas to focus on improving by 2025

Read the full Record to Report (R2R) Benchmark Report here. https://pr.report/H8G3eY14

About Trintech

Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech's portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

About The Hackett Group

The Hackett Group (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading benchmarking and best practices firm to global companies, with offerings that include smart automation and enterprise cloud application implementation. Services include business transformation, enterprise analytics, global business services, and working capital management. The Hackett Group also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement and information technology, including its award-winning Oracle and SAP practices.

The Hackett Group has completed nearly 18,000 benchmarking studies with major corporations and government agencies, including 93% of the Dow Jones Industrials, 90% of the Fortune 100, 80% of the DAX 30 and 57% of the FTSE 100. These studies drive its Best Practice Intelligence Center(TM) which includes the firm's benchmarking metrics, best practices repository and best practice configuration guides and process flows, which enable The Hackett Group's clients and partners to achieve world-class performance.

More information on The Hackett Group is available at: www.thehackettgroup.com, info@thehackettgroup.com, or by calling (770) 225-3600.

Media Contact:
Adrienne Kim
Vested
617-898-8155
trintech@fullyvested.com

SOURCE: Trintech, Inc.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Asuransi Jasindo Committed to Settling the Palapa N1 (Nusantara Dua) Satellite Claim

JAKARTA, May 13, 2020 – (ACN Newswire) – PT Asuransi Jasa Indonesia, or Asuransi Jasindo, is ready to assist the claims process for the launch and in-flight insurance of the Palapa N1 Nusantara Dua Satellite, owned by client PT Palapa Satelit Nusa Sejahtera (PSNS). This was confirmed by Asuransi Jasindo's Operations Director Dodi Susanto.

"We are truly sorry that the Satellite Nusantara Dua launch failed. We will stand beside our client PSNS, and will assist PSNS especially on settling the claim," said Dodi.

The Nusantara Dua Satellite launch took place at the Xichang Satellite Launch Center (XLSC), Xichang, China, on April 9. Unfortunately, the Third Stage Launch Vehicle failed and the satellite was lost. As the news was announced, Asuransi Jasindo immediately coordinated both internal and external stakeholders (clients, reinsurance brokers and reinsurers) to handle the claim and to ensure the value of the claim is fullfiled.

"Asuransi Jasindo is in the process of analyzing the information relating to the terms and conditions agreed upon in the insurance policy," Dodi continued. "Asuransi Jasindo is waiting for further supporting claims documents. These documents will be formally submitted by PSNS as soon as additional information is available."

"The claims team of Asuransi Jasindo will immediately conduct a claims analysis and coordinate with the reinsurance broker and reinsurers. It is expected that the required data related to the claims will be available in a relatively short period of time," Dodi said.

Dodi said that Asuransi Jasindo was always committed to settling claims, particularly in such a specialty risk category, in accordance with the terms and conditions of the policy. The claims will be processed in an effective, precise and fast manner.

"We are a state-owned general insurance with experience in handling specialty risk insurance, such as satellite, aviation and offshore energy insurance. Last year alone we completed claims payments of IDR 876 billion for the offshore industry," Dodi said.

"Since 1976, we have handled the insurance for 20 satellite launches and have settled satellite insurance claims of around USD 567 million."

Dodi believes that Asuransi Jasindo always prioritizes prudent business processes, including the selection of reinsurers with international ratings and cooperation with global reinsurance brokers that have strong reputations.

Contact:
Ario Radityo
Corporate Secretary
Asuransi Jasindo
+62 81 1118 941

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Blue Prism and Pactera Announce Alliance to Bring Intelligent Automation Solutions to Asia and Oceania Based Enterprise Clients

HONG KONG, May 12, 2020 – (ACN Newswire) – Pactera and Blue Prism (OTC Pink: BPRMF) today jointly announced an alliance via the Blue Prism Partner Engage program to bring robotic process automation (RPA) solutions to clients in the Asia and Oceania region. The two organizations have been collaborating in the implementation of RPA and intelligent automation services across a variety of industries and sectors, including banking, insurance, retail, and manufacturing. This announcement formalizes a relationship to expand the offering of digital workforce services and solutions to their clients across Asia and Oceania initially including the Greater China Region, Australia, Japan, Malaysia and Singapore.

Blue Prism invented the term "robotic process automation" and has been a leading global RPA tool vendor for almost 20 years. Blue Prism software enables organizations to automate manual, rules-based, mission critical processes, thereby helping to reduce costs and improve accuracy through the creation of new "digital workers." Pactera, as one of the world's leading IT services and outsourcing firms, has leveraged Blue Prism technology to address a variety of client business issues and opportunities. In addition, Pactera has utilized Blue Prism in internal process improvement initiatives – building and deploying automations to improve both the productivity and quality of its own operations.

"Pactera is very pleased to enter a strategic Asia Pacific & Oceania partnership with Blue Prism, an intelligent automation industry-leader. By linking Blue Prism's industry-leading RPA solution with Pactera's broad regional presence and in-depth localized capabilities for IT and consulting, we firmly believe that the new Blue Prism – Pactera alliance will support clients' business efficiency transformations and bring new value to the marketplace," stated JinSong Li, Executive Vice President, General Manager of APAC Business Group, Pactera.

"During the past several years, Pactera has implemented a number of key automation projects both with high-profile APAC clients and internally within our own firm. Over the course of these engagements we have learned through hands-on experience that Blue Prism is a platform of choice to scale automation initiatives. The Blue Prism – Pactera alliance well positions Pactera in achieving a goal of becoming a strategic digital automation partner for our Asia Pacific clients," said Andy Fung, General Manager of Pactera Hong Kong and Program Executive of Pactera's Intelligent Automation Practice (APAC). "We believe this partnership will further align us on Go-to-Market and up-level implementation capabilities via creation of a Center of Excellence (CoE) covering the stated countries and locations; combining Pactera's local client intimacy with a robust, scalable offshore resources pool across the geographies."

"Pactera is a trusted partner for technology and system integration across all of Asia," remarked Terry Leung, Director, Strategic Alliances, North Asia for Blue Prism. "Pactera's proven ability to guide organizations through digital transformations, combined with Blue Prism's best-in-class intelligent automation platform, well positions our partnership to help clients in Asia and Oceania to realize the benefits of augmented digital workforces."

Pactera holds a leading position in APAC as an intelligent automation implementation service provider given its broad network of Asia Pacific and Oceania practitioners skilled in software robotics and automation. Pactera's locally-based teams help clients to improve their operations and navigate the challenges of the intelligent automation journey via an ideal mix of strong technical know-how and native, cultural understanding of the Asia/Oceania business environments.

"Blue Prism and Pactera share a common vision for building out the intelligent automation ecosystem in APAC and helping customers to improve operational efficiencies by automating mission critical work processes that can also be easily integrated with best-in-breed AI-enabled technologies and services," advised Gareth Lane, Head of Alliances, APAC, for Blue Prism. "This alliance is a competitive differentiator and one that will provide tremendous value to the clients we serve."

About Pactera

Pactera is a Global Technology company with 29,000 employees worldwide committed to delivering Digital-themed consulting, UX interaction, IT implementation and Operations services to customers. Pactera creates business value for Fortune 2000 companies by accelerating business innovation, enabling new growth, improving operational efficiency and transforming the user experience.

CONTACT: bg9_ro_bot@pactera.com

About Blue Prism

Blue Prism's vision is "A Digital Workforce for Every Enterprise." The company's purpose is to unleash the collaborative potential of humans so every enterprise can exceed business goals and drive meaningful growth. Available on-premises, in the cloud, hybrid, or as an integrated SaaS solution, Blue Prism's Digital Workforce automates end-to-end processes that drive digital transformation. Visit www.blueprism.com to learn more or follow Blue Prism on Twitter @blue_prism and on LinkedIn.

CONTACT: andre.fuochi@blueprism.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com