Trintech Extends Reporting Capabilities in Its Adra Suite with the Launch of Adra Analytics

DALLAS, TX / ACCESSWIRE, May 5, 2020 – (ACN Newswire) – As a leading provider of financial software solutions, Trintech today announced the launch of Adra Analytics, extending the reporting capabilities of its Adra Suite. This solution ensures companies have full visibility into their financial data in one consolidated location, giving them a one-stop-shop for all their financial reporting needs.

"Adra Analytics has given us full visibility into the quality and efficiency of our close process," said Wojciech Bec, Financial Controller at Unit4. "We can identify which areas we are doing well, and which areas need improvement. This insight has enabled us to accelerate our financial close process significantly."

With Adra Analytics, organizations can now track the trends and movements of their financial data throughout one period, or over several, to give them greater insight into how their company is maturing. It allows organizations to combine financial data within the Adra Suite with data from other solutions, such as their ERP, through a BI toolkit, to give them complete insight into their month-end alongside non-close related activities. Through customized dashboards organizations gain visibility into high-level summaries of their data and they also provide the ability to deep dive into the details required to analyze how their month-end is impacting the overall company's financials.

"As a leading financial software provider, we know that a company's financial data is mission critical, especially during a time like this," said Darren Heffernan, President, Mid-Market at Trintech. "Finance & Accounting (F&A) organizations are even more integral to their businesses because they have the data that are driving those immediate business decisions. To help provide that real-time visibility into the financials, we are thrilled to announce the launch of Adra Analytics that will help F&A organizations gain those insights quickly to help drive the strategic directions of their organizations."

Currently deployed by over 1,800 companies across the globe, the Adra Suite provides cloud-based, financial close and reconciliation solutions for companies looking to quickly increase the efficiency, control and visibility for all key areas of the financial close process including: balance sheet reconciliations (Adra Balancer), transaction matching (Adra Matcher), financial task management and controls (Adra Task Manager), and reporting (Adra Analytics).

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.

Media Contact:
Kelli Shoevlin, Trintech – +1-972-739-1680 or Kelli.Shoevlin@trintech.com

SOURCE: Trintech, Inc.

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

Trintech and The Hackett Group Announce Strategic Partnership to Help Organizations Transform the Close

DALLAS, MIAMI & LONDON / ACCESSWIRE, Apr 23, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, and The Hackett Group, Inc. (HCKT), an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices digital transformation firm to global companies, today jointly announced a strategic alliance to deliver finance solutions that empower organizations to deliver real-time financial intelligence to executives and add strategic value to the enterprise.

"The demand for Record to Report technology solutions continues to grow as finance organizations around the world seek to increase not only the efficiency, but also the effectiveness of their financial close," said David Dungan, Vice Chairman and COO of The Hackett Group. "We believe this strategic partnership with Trintech will offer customers a comprehensive solution that will drive true financial transformation."

With this strategic alliance, Trintech and The Hackett Group will provide CFO and CIO organizations with effective finance processes and technology solutions that optimize efficiencies, visibility, governance and controls across the entire Record to Report process. By improving and automating these operations, Trintech and The Hackett Group will help the office of the CFO reduce costs and risk and allow them to free up valuable resources to refocus their time and effort on other initiatives critical to the business.

"We are confident that organizations committed to digitally enabling and transforming their financial processes will benefit immensely from the combination of Trintech's System of Accounting Intelligence(TM) and The Hackett Group's expertise in helping businesses simplify, standardize, and automate their processes," said Russ Hubbard, Chief Revenue Officer at Trintech. "Together, we aim to help finance organizations become simpler, agile and more efficient."

With this partnership, Trintech's customers will be able to extend and augment the benefits they have experienced from utilizing Trintech's leading Record to Report solution by engaging The Hackett Group's empirical benchmarks, intellectual property, and focused consulting capabilities that detail how companies can improve efficiency and effectiveness and quantify world-class and peer performance. The Hackett Group's research also spotlights strategic thinking in financial transformation strategy, best practices and emerging areas – including the increasing use of digital transformation such as robotic process automation and artificial intelligence.

About The Hackett Group

The Hackett Group (HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices digital transformation firm to global companies, offering digital transformation including robotic process automation and enterprise cloud application implementation. Services include business transformation, enterprise analytics, working capital management and global business services. 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 more than 15,000 benchmarking studies with major corporations and government agencies, including 97% of the Dow Jones Industrials, 89% of the Fortune 100, 87% of the DAX 30 and 59% 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 +1-770-225-3600.

Hackett Cautionary Statement Regarding "Forward Looking" Statements

This release contains "forward looking" statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements including without limitation, words such as "expects", "anticipates", "intends", "plans", "believes", seeks", "estimates" or other similar phrases or variations of such words or similar expressions indicating, present or future anticipated or expected occurrences or outcomes are intended to identify such forward looking statements. Forward looking statements are not statements of historical fact and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Factors that may impact such forward looking statements include without limitation, the ability of Hackett to effectively market and continuing demand for Trintech software, its digital transformation and other consulting services, competition from other consulting and technology companies who may have or develop in the future, similar offerings, the commercial viability of Hackett and its services as well as other risk detailed in Hackett's reports filed with the United States Securities and Exchange Commission. Hackett does not undertake any duty to update this release or any forward looking statements contained herein.

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.

Media Contacts:
Kelli Shoevlin, Trintech – +1-972-739-1680 or Kelli.Shoevlin@trintech.com
Gary Baker, The Hackett Group – +1-917-796-2391 or gbaker@thehackettgroup.com

SOURCE: Trintech, Inc.

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

Azabu Insights: Mask Usage in Tokyo Reaches Ninety-Seven Percent And Other Reasons Asian Countries Are Winning Against Coronavirus

TOKYO, Apr 23, 2020 – (ACN Newswire) – A group of consultants based in Azabu Juban have been following the coronavirus, spread, and response around the world. We have been tracking mask usage in Tokyo over the last months and readers had asked us to update these. In addition we wanted to take a look at global responses to the coronavirus pandemic to find keys for moving forwards.



[Image #1] European/Asian Countries by Cases and Deaths Per Population (April 21, 2020)


[Image #2] Percent of People Wearing Masks – Azabu Jyuban, Tokyo (Mar. 13, Apr. 2, Apr. 17)


[Image #3] Decrease in Ridership from April 2 to April 17, Azabu Jyuban



Even as cases have grown in Japan and Singapore, we find it remarkable how well Asia has fared and how effective their measures have been overall, taken in a global context. In this piece, we will therefore update mask usage numbers, compare global outbreak statistics, and look at some of the measures large and small that seem to have been effective in Asian countries so far.

As one reader commented, "we may need to start to think of dealing with the coronavirus not as a sprint, but as a marathon." In this light we find it instructive to look back at some of the successes Asia countries have had, so far.

Response from Asia

As people stay focused on their own country they often forget that in a wider perspective solutions have been very helpful. As shown in the table, countries like Taiwan, Korea and Japan have been able to keep death rates much lower than those of Italy, Spain, and the United States. Death rates in the Asian countries come in at less .5 per 100,000, whereas in many European countries they are more than one hundred times that amount.

[Image #1] European/Asian Countries by Cases and Deaths Per Population (April 21, 2020)

Masks in Tokyo Up Thirteen Percent

As the Japanese government and citizens get ever more vigilant about controlling the coronavirus, we have found that mask wearing has become ubiquitous in Japan. We updated our survey for a third time, on April 17th. This time we found ninety-seven percent of people wearing masks.

This is up from eighty-six percent on April 2nd (thirteen days ago), and sixty-four percent March 13 (thirty-five days ago), an increase of thirteen percent.

In this survey, again, women were more likely to wear masks, though only barely. Ninety-eight percent of women wore masks and ninety-seven percent of men wore them. See the charts below for the changes over time.

[Image #2] Percent of People Wearing Masks – Azabu Jyuban, Tokyo (Mar. 13, Apr. 2, Apr. 17)

In addition we found the more proactive approach towards beating the virus to have had a significant effect on ridership as well. Said a Sawayaka Shinyou Kinkou bank employee who commutes daily, "oh there are definitely less people; now people even open a seat next to each other on the train, rather than crowding in like they used to." Our data backed up her inference, with ridership down forty-nine percent on April 17th compared to April 2nd.

[Image #3] Decrease in Ridership from April 2 to April 17, Azabu Jyuban

NOTE: All data collected at identical times during a ninety minute period during rush hour. All days were clear, temperate days. Average temperatures on the three days were 14, 15 and 12 degrees celsius and 57, 59, and 54 degrees fahrenheit. The temperature came down slightly.

Getting Ready for the Long Haul – Asia Strategies Working

Following along with the goal of thinking of coronavirus as a marathon, we wanted to look for other examples of success in containing the virus that might be applicable to other countries in Asia or the West.

We find the successes in Taiwan, Japan, Singapore, China, South Korea, and Thailand to be frankly. All of these countries have kept death numbers very low compared to western countries. They have done this largely while still keeping at least a portion of the population at work and pushing the economies forwards.

We have identified important learnings from each country:

Lessons from China

China perhaps had the most significant early success. We noted three of the most significant measures.

1. It quarantined Wuhan from the rest of China on January 23rd, just before Chinese New Year, China's largest holiday period for both in-country and international travel. This allowed it to largely contain the spread and it allowed them to provide more healthcare workers and supplies to Wuhan.

2. As a part of this exercise, it also forced an internal quarantine in Hubei, shutting down non-essential businesses and locked down 11 million people in Wuhan and (the following day) more than 57 million people in other cities.

3. Third, it built two coronavirus hospitals (February 3rd). This led to a rapid drop off in deaths from the worst day of 150 deaths on February 23rd level down to less than 10 per day in only 19 days. We find these last hospitals to have been very important given the amount of in-hospital spread previously noted. In one study 42% of cases in Wuhan had previously been spread within the hospital.

We found that the coronavirus only hospitals that were built were truly amazing. However, subsequently in the UK a 4,000 bed hospital was built in the ExCeL Center in nine days and The United States's Corp of Army Engineers created seventeen hospitals with 15,500 beds in about a week. We believe that building these hospitals was so important because it has become clear that up to forty percent of spread has typically been inside hospitals and this is killing many at risk people.

Lessons from Taiwan

Taiwan has perhaps been the most successful, with only 422 cases and just 6 deaths. It was the most proactive, testing people for temperature on flights before it had even had a one case recorded.

It was also very proactive with other measures. For instance on January 29 the Taiwan Premier took steps to guarantee the supply of masks including releasing 23 million mask into the market and banning their export. By April 1st, Taiwan's successful measures led to them approaching their target of producing 15 million masks daily and announced it was donating 10 million masks to health workers outside of Taiwan.

The masks seem to have shown their efficacy again. We think it is a combination of catching some droplets, while also keeping people vigilant about isolating as much as possible even while in public. The relative success of Taiwan has been so high that they were able to open Taiwan baseball (albeit with no fans) a week ago.

Lesson from South Korea

South Korea, as most know, took to mass testing and a number high tech tracking measures so as to track the one major cluster that emanated out from an outbreak in a church in Daegu.

More than seven-thousand cases were confirmed in less than three weeks, but the death rate remained low.

Their attention to tracking and quarantining people affected by an outbreak was successful in controlling the spread with only .5 deaths per 100,000 population as of the writing of this article.

Hong Kong and Singapore

Despite its proximity to China and role as international transit hub, Hong Kong has successfully minimized its coronavirus impact with 1,026 confirmed cases and just 4 deaths. It acted quickly in late January to shut a number of border crossings, significantly reducing travel to and from China and implementing work from home orders. It has since tightened travel restrictions and shut schools.

Singapore immediately set up a multi-ministerial committee on January 24th, the day after the first confirmed case, to manage the pandemic.

Singapore has implemented strict cluster tracing, put in place airport temperature checks and set up holiday chalets to use as quarantine centres. Hong Kong has managed only .5 deaths per 100,000 population and Singapore has achieved only .2 deaths per 100,000 population.

Lessons from Japan

Japan has seen a spike in cases and deaths recently and has been criticized for low numbers of tests. However, like Singapore Japan has maintained death rates at .2 per 100,000 people. Again, this is compared to European countries such as Spain with 45 per 100,000 people (225 times the number on a per person basis). Many of its measures have proven effective so far, including:
1. Publicizing the most dangerous outbreak areas
2. Carefully tracking early clusters
3. Keeping coronavirus patients largely out of hospitals and nursing homes
4. Setting targets for reduction interactions (now set at eighty percent).

From the get go Japanese media daily reported the exact places where outbreaks were occurring: first taxi cabs, then karaoke bars, then live music events. These gave the populous clues of where to avoid and eventually a focus for what activities to shut down first. The Japanese citizens were largely attuned to understanding these dangerous activites and taking responsibility to avoid them as much as possible. Later the government was able to successfully "request" that many of these venues temporarily shut down. Again, with no law enforcement capability they achieved the limitations with the cooperation of business owners.

Secondly, Japan effectively kept coronavirus cases away from hospitals. As Azabu Insights has noted before, this is very important because seventy-three percent of people in hospitals are over age sixty-five and very vulnerable.

Lastly, their targeting of a specific target for reduction of interactions has significantly slowed the spread. Japan showed, as had Taiwan and Korea that a semblance of work can continue while still drastically slowing the spread of the disease.

The Effect of BCG Vaccination

Beyond the proactive nature of the Asian communities with masks, hand washing, polite social distancing, school closure and the like, we think that many parts of Asia have likely benefited from the protection of the BCG Vaccines. The BCG Vaccine, which was intended to protect from Tuberculosis seems to have some protectiveness against coronavirus.

The BCG vaccine has been used extensively in Japan, South Korea, Thailand, Taiwan, Singapore, and Hong Kong. It is not used in countries such as Italy, Spain, and the United States, which have had some of the worst outbreaks.

Hopes and Recommendations for the Future

For round one of the coronavirus outbreak, many of the Asian countries have fared very well compared to other parts of the world. But coronavirus may well be a marathon and not a sprint.

We hope and recommend that they will adopt the following policies going forwards:

1. Continue to keep testing in locations separate from hospitals to keep the virus from spreading in hospitals.
2. Build multiple 2-4,000 bed "coronavirus only" hospitals, staffed by young, low-risk doctors and nurses. This will allow the healthcare system to continue to treat the rest of society well.
3. Increase testing at targeted areas, including all people that enter an aged care facility (some twenty percent of deaths in USA are at aged care facilities)
4. Involve the military/self defense forces in helping to create hospital capacity and to safely transport coronavirus patients
5. Adopt the new secure outbreak tracking technologies offered by some of the tech companies that can allow us to track clusters even as populations grow. This will allow us to track clusters effectively.
6. Continue to be strategic in keeping the right things closed and targeting a reduced number of interactions. This necessarily requires finding funding to support small businesses.
7. Move to vaccinate more populations with BCG, including non-Japanese who request them.
8. We hope that individuals will remain vigilant as we wait for more good news about treatments and a potential vaccination. Wearing masks has some effect, making the move to more indoor home activities helps even more.

As Europe and America take baby steps towards loosening stay at home orders, we hope they will also learn from some of the relative successes of the Asian countries mentioned above. Of course as we continue on this journey, Asia probably has lessons to learn from the USA and Europe as well.

We would like to hear your opinions at info@azabuinsights.com

About Azabu Insights

Azabu Insights is a boutique strategic consulting company based in Azabu Juban, Tokyo, Japan. Our teams work collaboratively with clients to build strategies that lead to positive change. Our multilingual team members have top tier academic backgrounds and deep industry experience that we leverage to provide first class, fully engaged, strategic consulting. Core specializations include life sciences, finance, electronics, automotive, aerospace and other industries. For more information contact: info@azabuinsights.com.

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

Trintech Offers Cadency Close Management at No Cost to Help Large Enterprises Manage Their Close Process Virtually

DALLAS, TX / ACCESSWIRE, Apr 16, 2020 – (ACN Newswire) – As finance & accounting (F&A) teams adjust to a new way of working with a dispersed remote workforce, Trintech announces that its enterprise-grade Cadency Close Management solution will be available at no cost, for up to 6 months, to help large enterprises manage their close process virtually. With this offer, Trintech's professional services team will assist in the implementation and configuration of the solution including building, organizing and importing your close checklist into Cadency. In addition, they will provide training and support to help your team achieve greater visibility and control, leading to a more resilient organization.

"We operate in 40 countries, have 225 entities, and buy 6-12 companies a year," said Jim Agnew, SVP Corporate Controller at Ingram Micro, Inc. "With Cadency Close, we have visibility into the financial close process daily, as well as harmonization and standardization across all our countries and entities. So, a close process being done in Peru is the same process being done in Germany or the United States."

Cadency Close Management integrates with all key Record to Report activities including account reconciliation and certification, journal entry management and compliance, quickly preventing "white space" breakdowns. With a dashboard-driven management framework, the solution allows your finance team to identify bottlenecks and communicate potential issues early and often, greatly reducing the possibility of missed deadlines. In addition, an eBinder creates a thorough record of all actions, making it easy to retrace every facet of the financial close. According to a third-party research study, Cadency Close Management customers have seen up to a 30% reduction in time to complete close tasks and up to a 99% reduction in time to support external auditors[1].

"Transparency, automation and standardization have always been critical to Finance & Accounting organizations, but the transition to a completely remote workforce has only exacerbated this need," said Teresa Mackintosh, Chief Executive Officer at Trintech. "As a trusted advisor to finance and accounting professionals across the globe, we want to ensure we are providing these organizations with as many resources as possible to help drive their businesses forward and alleviate some stress during this time. This offering will provide new and existing customers increased visibility and control, leading to a more resilient organization."

Included with the offering of the Cadency Close Management solution, organizations can gain full access to Trintech's Customer Success Center consisting of educational online resources and self-led training materials, a knowledge base, and forums where you can ask questions and share best practices with other Cadency Close Management users.

"During this unprecedented time, Cadency along with our teams have helped to ensure the accuracy and quality of our financial statements while working remotely," said Jackie Peters, General Accounting Design, Process and Systems Senior Manager at HP.

Trintech is also working very closely with our strategic partners, such as KPMG LLP, to help customers adapt to this new environment and prepare them for what to expect. Trintech and KPMG will be hosting a virtual panel on Thursday, April 16th, to give companies insight into topics like, how this new way of working will affect the next audit cycle, how to conduct a virtual close, and the risks to consider from a cybersecurity perspective when working in a virtual environment.

"With the global workforce shifting to new delivery models, we've seen clients that have embraced technologies such as Cadency more quickly in order to adapt to unique circumstances brought about by COVID-19," said Scott Cohen, Advisory, KPMG LLP. "It is more important than ever to strengthen organizations through technology and promote collaboration, remote etiquette, and visibility as we navigate our recovery and new reality."

If you are interested in using the Cadency Close Management solution, you can contact us here to get started. https://go.trintech.com/Cadency-Close-Offer-NA.html

Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

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 KPMG LLP

KPMG is one of the world's leading professional services firms, providing innovative business solutions and audit, tax, and advisory services to many of the world's largest and most prestigious organizations. KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to community service, inclusion and diversity, and eradicating childhood illiteracy. Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities. KPMG LLP is the independent U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's independent member firms have 219,000 professionals working in 147 countries and territories. Learn more at www.kpmg.com/us.

[1] 2017 Cadency ROI Study, Hobson & Company

Media Contact:
Kelli Shoevlin
+1-972-739-1680
Kelli.Shoevlin@trintech.com

SOURCE: Trintech, Inc.

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

Trintech Offers Cadency Close Management at No Cost to Help Large Enterprises Manage Their Close Process Virtually

DALLAS, TX / ACCESSWIRE, Apr 16, 2020 – (ACN Newswire) – As finance & accounting (F&A) teams adjust to a new way of working with a dispersed remote workforce, Trintech announces that its enterprise-grade Cadency Close Management solution will be available at no cost, for up to 6 months, to help large enterprises manage their close process virtually. With this offer, Trintech's professional services team will assist in the implementation and configuration of the solution including building, organizing and importing your close checklist into Cadency. In addition, they will provide training and support to help your team achieve greater visibility and control, leading to a more resilient organization.

"We operate in 40 countries, have 225 entities, and buy 6-12 companies a year," said Jim Agnew, SVP Corporate Controller at Ingram Micro, Inc. "With Cadency Close, we have visibility into the financial close process daily, as well as harmonization and standardization across all our countries and entities. So, a close process being done in Peru is the same process being done in Germany or the United States."

Cadency Close Management integrates with all key Record to Report activities including account reconciliation and certification, journal entry management and compliance, quickly preventing "white space" breakdowns. With a dashboard-driven management framework, the solution allows your finance team to identify bottlenecks and communicate potential issues early and often, greatly reducing the possibility of missed deadlines. In addition, an eBinder creates a thorough record of all actions, making it easy to retrace every facet of the financial close. According to a third-party research study, Cadency Close Management customers have seen up to a 30% reduction in time to complete close tasks and up to a 99% reduction in time to support external auditors[1].

"Transparency, automation and standardization have always been critical to Finance & Accounting organizations, but the transition to a completely remote workforce has only exacerbated this need," said Teresa Mackintosh, Chief Executive Officer at Trintech. "As a trusted advisor to finance and accounting professionals across the globe, we want to ensure we are providing these organizations with as many resources as possible to help drive their businesses forward and alleviate some stress during this time. This offering will provide new and existing customers increased visibility and control, leading to a more resilient organization."

Included with the offering of the Cadency Close Management solution, organizations can gain full access to Trintech's Customer Success Center consisting of educational online resources and self-led training materials, a knowledge base, and forums where you can ask questions and share best practices with other Cadency Close Management users.

"During this unprecedented time, Cadency along with our teams have helped to ensure the accuracy and quality of our financial statements while working remotely," said Jackie Peters, General Accounting Design, Process and Systems Senior Manager at HP.

Trintech is also working very closely with our strategic partners, such as KPMG LLP, to help customers adapt to this new environment and prepare them for what to expect. Trintech and KPMG will be hosting a virtual panel on Thursday, April 16th, to give companies insight into topics like, how this new way of working will affect the next audit cycle, how to conduct a virtual close, and the risks to consider from a cybersecurity perspective when working in a virtual environment.

"With the global workforce shifting to new delivery models, we've seen clients that have embraced technologies such as Cadency more quickly in order to adapt to unique circumstances brought about by COVID-19," said Scott Cohen, Advisory, KPMG LLP. "It is more important than ever to strengthen organizations through technology and promote collaboration, remote etiquette, and visibility as we navigate our recovery and new reality."

If you are interested in using the Cadency Close Management solution, you can contact us here to get started. https://go.trintech.com/Cadency-Close-Offer-NA.html

Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

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 KPMG LLP

KPMG is one of the world's leading professional services firms, providing innovative business solutions and audit, tax, and advisory services to many of the world's largest and most prestigious organizations. KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to community service, inclusion and diversity, and eradicating childhood illiteracy. Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities. KPMG LLP is the independent U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's independent member firms have 219,000 professionals working in 147 countries and territories. Learn more at www.kpmg.com/us.

[1] 2017 Cadency ROI Study, Hobson & Company

Media Contact:
Kelli Shoevlin
+1-972-739-1680
Kelli.Shoevlin@trintech.com

SOURCE: Trintech, Inc.

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

Fullerton Healthcare Redeems US$175m 7.0% Senior Perpetual Capital Securities, Underscoring Resilience Amidst COVID-19 Uncertainty

SINGAPORE, Apr 6, 2020 – (ACN Newswire) – Fullerton Healthcare Corporation Limited ("Fullerton Health"), the leading integrated healthcare platform in the Asia Pacific, announces that it has fully redeemed its US$175 million senior perpetual capital securities today, underscoring its financial resilience and commitment to stakeholders amidst economic uncertainty arising from the COVID-19 pandemic.

The redemption of the 7.0% senior perpetual capital securities (ISIN Code: XS1589875548) was made on the first call date (6 April 2020), funded by a combination of internal and external resources.

The proceeds from the perpetual securities had helped Fullerton Health expand geographically, add new capabilities and service offerings, and deepen core markets presence. With operations in nine markets, more than 6,500 staff, over 500 owned facilities and a network of over 12,000 third party providers, Fullerton Health is vertically integrated across a range of services, including managed care and network management, primary care, diagnostics, ancillary and speciality care.

"We would like to take this opportunity to thank the investors of the perpetual securities for their confidence, trust and strategic input over the last three years. Our ability to combine internal and external resources to redeem the perpetual securities underlines the trust placed in the operational and financial strength of Fullerton Health. We will continue to execute our mission to provide affordable and accessible care for all in the Asia Pacific," said David Sin, Group President of Fullerton Health.

While the pandemic has affected all healthcare operators, Fullerton Health has been well prepared with its diversification strategy across markets and its service lines, built and well-executed over the years. It serves to buffer the impact of the COVID-19 situation.

"Our robust and quick infection control response ensures the safety of our staff and viability for patients to access quality care. Our close operational relations with key clients allow us to customise support efforts to help them care for their employees' health and well-being during this difficult time," said Ho Kuen Loon, Group Chief Executive Officer of Fullerton Health.

About Fullerton Health

Fullerton Health is a leading integrated health system in the Asia Pacific region. Founded in Singapore in 2010, today the Company serves clients through over 500 healthcare facilities and a large global network of healthcare providers across nine markets in the Asia Pacific. Fullerton Health's value proposition is the integration of healthcare service offerings with customized management and advisory capabilities, in line with its purpose to deliver affordable and accessible care for all in the Asia Pacific. For more information on Fullerton Health, please visit http://www.fullertonhealth.com/.

For more information, please contact:
Isaac Tang
WeR1 Consultants
D: +65 6737 4844
M: +65 9178 0269
E: fullertonhealth@wer1.net

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

Trintech Partners with Sage to Help Businesses Simplify and Accelerate Financial Close Processes

DALLAS, TX / ACCESSWIRE, Apr 3, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today announced a technology partnership with Sage to help companies simplify and accelerate financial close processes. As part of this partnership, Trintech has created a pre-built, Sage Intacct-certified connector for its Adra Suite, allowing companies to reduce the cost and time associated with data integration between the two solutions.

"With this Trintech partnership, businesses leveraging the powerful cloud financial management capabilities of Sage Intacct can seamlessly integrate with Trintech's Adra Suite to achieve greater visibility and control over their financial close process," said Eileen Wiens, VP of Business Development for Sage Intacct.

Currently available in the Sage Intacct Marketplace, Trintech's pre-built, Sage Intacct-certified connector automatically retrieves the data required in the reconciliation and close process, removing manual processing requirements and reducing dependency on internal IT organizations. The connector leverages Sage Intacct APIs to obtain open accounts, limits the request to specific accounts, and retrieves GL balance or transactions for integration with the Adra Suite. With this integration, organizations remove ongoing support and custom code costs – increasing the organizations ROI.

"The combination of Sage Intacct and our Adra Suite helps companies establish an operational framework to reduce expense and time, while better fulfilling organization expectations," said Darren Heffernan, President, Mid-Market at Trintech. "Together, we provide innovative solutions that help finance and accounting teams achieve shorter close cycles and better controls, enabling them to focus their time and effort on helping achieve the strategic directions of their organizations."

Deployed by over 1,800 companies across the globe, the Adra Suite provides cloud-based, financial close and reconciliation solutions for companies looking to quickly increase the efficiency, control and visibility for all key areas of the financial close process including: balance sheet reconciliations (Adra Balancer), transaction matching (Adra Matcher), and financial task management and controls (Adra Task Manager).

Businesses interested in the Adra Suite or Sage Intacct solution can request more information at https://www.trintech.com/adra/schedule-a-demo/ or on the Sage Intacct Marketplace.

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.

Media Contact:
Kelli Shoevlin
+1-972-739-1680
Kelli.Shoevlin@trintech.com

SOURCE: Trintech

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

US Lighting Group Develops UV LED Light Bulb to Help Fight the Spread of Viral Pathogens Like COVID-19

EASTLAKE, OH / ACCESSWIRE, Apr 3, 2020 – (ACN Newswire) – US Lighting Group, Inc. (OTCPINK:USLG) today announced it is developing a new UV LED Plug-n-Play 4-foot, commercial bulb to replace traditional florescent lights to help combat viral pathogens like COVID-19 using ultraviolet light technology to sterilize surfaces. Paul Spivak, CEO of the US Lighting Group, currently holds two patents issued by the United States Patent and Trademark Office. Patent No. 6828576 and Patent No. 7229467 were issued for UV LED Light Projection Method and Apparatus using ultraviolet and LED lighting technology.

"We are ecstatic to announce that we have engineered the latest Plug-n-Play 4-foot, commercial replacement bulb with our UV LED lighting technology. The US Lighting Group manufactures commercial LED light bulbs, so adding our patented UV LED lights to our existing LED light bulb will put the company light years ahead of the industry," said Paul Spivak, CEO of the US Lighting Group. "These UV LED light bulbs have the potential to disinfect viral agents in critical areas including hospitals, supermarkets, schools, airports, medical labs, senior care centers, fire and police stations. We anticipate a significant growth potential for the company from the development of our new UV LED light bulb."

Scientific research has proven that UV lights have the capability to disinfect pathogens like flus and superbugs. UV LED lighting will be effective in helping to disinfect viral pathogens giving patients, customers, workers and families a measure of protection against the spread of infections. Other applications that use ultraviolet lighting include Vitamin D generation, an essential vitamin which many people lack. The US Lighting Group's UV LED lighting can also be employed in schools, government buildings, office buildings, and hotels. Germicidal UV lighting products have an effective success rate in sterilizing pathogens based on scientific research.

About U.S. Lighting Group, Inc.

US Lighting Group (OTC:USLG) and its wholly owned subsidiary, Intellitronix Corporation, are leading manufacturers of electronics, supplying growth sectors such as LED lighting, custom designed LED products, microprocessor-controlled LED instrumentation, custom private labeled electronics, automotive, RV, and marine electronics, and high-tech robotics utilizing our own in-house proprietary artificial intelligence. The company has manufacturing and R&D facilities in Cleveland, Ohio with an international sales distribution network. www.uslightinggroup.com

Forward-Looking Statements

Statements included in this press release, other than statements of historical fact, are forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are typically, but not always, identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements.

Contact

US Lighting Group
34099 Melinz Pkway, Unit E
Eastlake, OH 44095 USA
T: +1 216.896.7000 ext. 207
shareholder-relations@uslightinggroup.com

SOURCE: US Lighting Group, Inc.

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

Trintech Offers Adra Task Manager at No Cost to Help Organizations Close Their Books Confidently While Working Remotely

DALLAS, TX / ACCESSWIRE, Mar 31, 2020 – (ACN Newswire) – In the midst of the current crisis, many finance & accounting (F&A) teams across the globe are navigating unchartered waters as they approach month end close with a dispersed remote workforce. As a leading provider of financial software solutions, Trintech announced today that its best-in-class Adra Task Manager solution will be available at no cost, for up to 6 months, to help mid-sized organizations close their books confidently while they work remotely. This SaaS-based solution is deployed remotely and can be up and running in minutes, fully functional within a day or two, ensuring accuracy and simplifying your existing processes.

Diane Foss, Director of Finance at Genesis Systems recently stated, "I'm really glad we implemented both Adra Task Manager and Balancer, especially with the current situation. We do have quite a few of our departments working from home now and Adra will help so much in keeping track of where we are at with our upcoming close since we aren't a shout away from each other."

With Adra Task Manager, task lists are built with clear and concise instructions that create ownership and accountability across your remote organization. Real-time dashboards allow managers to check progress anytime and from anywhere to help identify issues that need immediate attention, and to ensure clear, efficient communication. Notifications and alerts keep teams on task, with archived comments to streamline future communications. The approval workflow and built-in segregation of duties provides needed governance and control, with an audit trail automatically created to allow for consistent tracking.

"As someone who has worked in Finance for 20+ years and was the previous CFO of Trintech, I know firsthand how stressful the month-end process can be, especially during a dynamic time like this," said Darren Heffernan, President, Mid-Market at Trintech. "As organizations navigate their new "normal" of working remotely, we will be offering our Adra Task Manager solution at no cost for up to 6 months to help ease this transition. This offering will provide new and existing customers increased visibility and control, helping them close their books confidently each month."

In addition to the offering of the Adra Task Manager solution, organizations can gain full access to Trintech's Customer Success Center consisting of educational online resources and self-led training materials including pre-built templates that simplify setup, a knowledge base, and forums where you can ask questions and share best practices with other Task Manager users.

If you are interested in using the Adra Task Manager solution, you can contact us here to get started. https://go.trintech.com/AdraTaskManager-Offer.html

Currently deployed by over 1,800 companies across the globe, the Adra Suite provides cloud-based, financial close and reconciliation solutions for companies looking to quickly increase the efficiency, control and visibility for all key areas of the financial close process including: balance sheet reconciliations (Adra Balancer), transaction matching (Adra Matcher), and financial task management and controls (Adra Task Manager).

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.

Media Contact:
Kelli Shoevlin
+1-972-739-1680
Kelli.Shoevlin@trintech.com

SOURCE: Trintech, Inc.

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

China Success Finance Announces 2019 Annual Results

HONG KONG, Mar 31, 2020 – (ACN Newswire) – China Success Finance Group Holdings Limited ("China Success Finance" or the "Company", together with its subsidiaries the "Group", stock code: 3623) is pleased to announce its audited annual results for the year ended 31 December 2019.

During the year, the Group continued to steadily foster the development of its traditional businesses and actively advanced business exploration and innovation. Therefore, the major business segment recorded a rapid growth, contributing to the 41.5% year-on-year surge to approximately RMB86.3 million. As of 31 December 2019, the Group's cash and bank deposits increased by approximately 28.1% as compared to 30 June 2019, reflecting the Group's sound financial position, which in turn provides a solid foundation for business development. However, as the probability of recovering certain assets was expected to decrease amidst adverse market condition, a substantial provision for impairment loss was recognised during the year. Additionally, the Group saw loss in its investment in associate companies. With the growth of major operations not being able to offset the impact from abovementioned two items, loss before taxation of RMB463.4 million and loss for the period of RMB431.2 million were reported respectively. The Board of Directors did not recommend the payment of final dividend for the year ended 31 December 2019.

Mr. Zhang Tiewei, Chairman and Executive Director of China Success Finance indicated, "In 2019, the global economic growth continued to decline. Although the Chinese government pushed forward its supply-side structural reform, and the People's Bank of China adopted counter-cyclical adjustments, the downward pressure still clouded the economy. Private enterprises and small and micro enterprises encountered particular difficulties when accessing financing. Facing the challenging domestic and global economic environment, the Group conformed to the market trend and was dedicated to developing its traditional businesses with multi-pronged approach, whilst ardently propelling the growth of its innovative businesses and making great strides in integrated services for the Greater Bay Area, with a view to seizing market opportunities."

Regarding guarantee business, the Group recorded an increase of 161.3% in net guarantee fee income to approximately RMB80.6 million during the year, reaching its new record high. During the year, the Chinese government employed multi-front strategies to regulate the financing guarantee industry, while the establishment of the Foshan Financing Guarantee Fund was set to facilitate a stable operation of the industry. In line with the booming development of the industry, the Group sustained volume and was continuously committed to developing its traditional guarantee business, by further enriching guarantee business product chains, thereby expanding business scale and elevating core competence. On the other hand, the Group created increments by devoting more resources on building up financial technology. It strived to provide customers with efficient guarantee services through utilising technological means such as the internet, big data and cloud computing, thus gaining widespread market recognition and multi-party cooperation opportunities. During the year, both the number of customers and business scale achieved promising growth.

In addition, the Group made full use of the window of opportunity to make an equity investment in Success Science and Technology Innovation Park Project, one of the benchmarking projects in village-level industrial park in Foshan City's Shunde District, with a view to enjoying the increasing economic value-added and social benefits brought about by the project upgrade of "Three Olds Redevelopment" in Guangdong Province, essentially reinforcing competitiveness.

Looking forward, Mr. Zhang Tiewei said, "In face of a challenging market environment, China Success Finance will continue to strengthen its traditional businesses by making full use of business channels of traditional guarantee business and capitalising on synergies. Meanwhile, we will earnestly innovate business products and identify suitable investment opportunities to develop highly value-added businesses, in order to improve the diversity and resilience of our business operation. In the future, with a deeply rooted foundation in the Greater Bay Area, the Group will enhance profitability through grasping the ample opportunities brought by the supportive policies, thus creating long-term value for investors and shareholders."

About China Success Finance Group Holdings Limited
China Success Finance Group Holdings Limited is a leading private financial group in China, and the first financial group with guarantee service as a major business in China to be listed on the Main Board of The Stock Exchange of Hong Kong Limited. The Group has elevated from its traditional business in guarantee and microcredit since its listing, to a diversified and comprehensive financial service platform with services including asset management, fund management, investment and acquisition, financial leasing, financial guarantee, overseas capital, real estate finance, and microcredit. Meanwhile, the Group maintained its business foundation in the Pearl River Delta Region with Foshan as the center, and provide comprehensive and professional financial services to the development of the Guangdong-Hong Kong-Macao Greater Bay Area.


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