Fidentity Releases New Back to Work. Touchless Tools For Business, Employees and Visitors

FAYETTEVILLE, AR / ACCESSWIRE, Jun 29, 2020 – (ACN Newswire) – With the sudden outbreak of COVID-19, businesses must make changes to their regular operations. Fidentity, powered by Zenwork, Inc, is committed to the health and safety of your employees and visitors. One result of that commitment is the new additions to the Fidentity System. These new features enable organizations to create a safe and secure environment for anyone entering the workplace.

"As we saw the health risks multiply for anyone entering a place of business, we decided to speed up our implementation of several features we already had on the roadmap," said Sanjeev Singh, Founder, and CEO of Zenwork, Inc, the parent company of Fidentity. "The risk of endangering employee and visitor health has increased with the pandemic. As part of our mission to help companies achieve compliance through technology, we strongly feel these new features will aid companies in their goal to have a safe workplace for anyone who enters the building."

For more details Download Fidentity Brochure Now. https://pr.report/aGpHMeru

Fidentity's newly launched platform includes QR code and facial recognition based Touchless Employee Attendance, Visitor and Delivery Management System. Touchless Employee Management System component that Fidentity added to the already robust Visitor Management Software (VMS). The Fidentity Visitor Management System with Employee Management consolidates employees and visitors into one centralized system, creating an automated process that is efficient and completely touchless.

https://youtu.be/4Duz_aeDH20

In addition to newly added software features, ZenScan-Temperature Scanner with built-In Facial Recognition is Zenwork's latest hardware, incorporating AI-driven technology to combat COVID-19. Zenscan offers four features: temperature scanning, PPE scanning, facial recognition, and employee management software. These features increase safety precautions in the workplace and create an efficient touchless sign-in process for employees.

ZenScan checks everyone who enters the building for COVID-19 symptoms by conducting a forehead temperature scan, running facial recognition, and detecting if someone isn't wearing proper Personal Protective Equipment (PPE). ZenScan can be programmed to automatically deny or allow access into your workplace based on the employee being identified and passing the required health checks. Employees have the added benefit of being automatically clocked-in when they enter the building, with timestamps that sync to payroll.

For more information download Zenscan Brochure now! https://pr.report/iI5dJrFH

Nick Bondurant, Product Director for Zenwork, said, "Since the beginning of the COVID-19 outbreak, we have used our resources to make rapid changes to Fidentity, knowing that companies can use our products to keep their workplace safe."

In addition to the Employee Management System features, Fidentity has added Delivery Management. The Delivery Management Software enables companies to handle incoming deliveries, delivery locations, delivery notifications, and reminders with ease. When a package arrives, the recipient will receive a notification alerting them to pick up their package. With the growth of delivery services and the need for employees who cannot be at home when a package arrives to receive their package without the fear of theft, Delivery Management System provides an efficient method for companies to permit employees to receive their packages at work instead of home.

The new Fidentity features will assist businesses small and large to remain in compliance with changing CDC recommendations while making life easier for their employees at the same time.

About Fidentity

Fidentity.com is powered by Zenwork, Inc. is an AI-based Employee, Visitor, Delivery, and Event Management System which is cloud-based software designed to fully automate the check-in process for employees, visitors, delivery and event management. Fidentity will also track, store, and display employee and visitor information in real me. Fidentity allows organizations to create a customized touchless check-in process that maximizes visitor experience for everyone that enters the business.

Contact:
Name: Tim Johnson
Number 877-811-3829 – Option 7
Email: info@fidentity.com

SOURCE: ZENWORK INC

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

Migom Global Corp. Announces the Acquisition of Migom Bank

NEW YORK, Jun 29, 2020 – (ACN Newswire) – Migom Global Corp. (OTC: MGOM), a US publicly traded company focused on building synergistic ventures in international banking, has notified the SEC of the acquisition of Migom Bank (www.migom.com), an international full-service 'neobank' domiciled and regulated in the small Caribbean state of Commonwealth of Dominica.

"Today, businesses across multiple jurisdictions and industries have faced numerous hurdles opening and maintaining simple operating bank accounts. Arbitrarily frozen funds, suddenly blocked accounts, and other previously rare limitations have become a commonplace occurrence in daily banking for many regular businesses. This type of practice is often disguised as "de-risking" in the name of compliance, which in itself has morphed from the necessary but secondary function into a universal shroud weaponized by some of the mainstream banks in their purge of unwanted business," stated Thomas Schaetti, the President of Migom Global Corp.

He continued: "In reality, those large international banks seem to be simply discriminating small and medium-sized, transaction-heavy businesses, which they don't see as a profitable market. As the result, millions of unbanked or under-banked entrepreneurs have a hard time growing their companies and contributing to the economic development of their industries and regions. We identify ourselves with these companies and are making our best effort to position Migom Bank as the destination financial institution serving their needs around the world".

Migom Global Corp. aims to bridge the gaps in international banking by building a network of banks and affiliated businesses to provide seamless integration of traditional regulated banking with new-age financial services and emerging fintech solutions. Committed to solving the problem of under-banked businesses and individuals worldwide, the Company recently notified the SEC of the acquisition of 100% of the shares of Migom Bank, a full-service global bank for the digital age that is available to customers across a variety of industries and regions.

Migom Bank offers a full suite of e-banking services tailored to the needs of small businesses and entrepreneurs, including online account opening, holding and operating corporate and individual bank accounts with full online access to account management and detailed reporting, international SWIFT / SEPA transfers in multiple currencies, issuing prepaid debit cards, certificates of deposit, investment, savings accounts and other services. The regulatory information enumerating multiple services provided by the bank is published on its website.

In addition to providing traditional banking services, Migom Bank offers its account holders one of a kind crypto-to-fiat and fiat-to-crypto OTC functionality, including secure custody and instant-execution trading of crypto assets with unlimited liquidity volumes, best global spot prices and immediate availability of funds or crypto assets. Migom Bank account holders can seamlessly transfer fiat funds into crypto assets and back using their mobile app or account dashboard online.

About Migom Global Corp.
Migom Global Corp. is a US publicly traded company (OTC: MGOM) building synergistic ventures in international banking, securities brokerage, electronic money distribution as well as digital assets origination and market making. The Company is developing the network of affiliated businesses in several countries, which may provide a seamless integration between the traditional regulated banking and financial services and the innovative emerging fintech solutions, benefiting consumers and businesses worldwide.

About Migom Bank
Migom Bank is a global neobank focused on the emerging markets offering a full suite of e-banking services tailored for the needs of small-to-medium-sized businesses and entrepreneurs. Migom Bank is fully licensed to provide retail depository and inter-banking services, full suite of cryptocurrency-related services, securities dealing and investment banking services, featuring deal-oriented compliance, higher private banking limits and custom-tailored flexible solutions to help its versatile international clientele. For more information, please, visit http://migom.com.

Media contact:
PR Department, Migom Bank
E: info@migom.com
W: https://migom.com


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

Moms on Watch troubled by mounting allegations at Prolacta Biosciences

LOS ANGELES, CA., Jun 26, 2020 – (ACN Newswire) – Moms on Watch, a watchdog group dedicated to making mother's milk safe, affordable, and accessible is urging the board of Prolacta Biosciences Inc. to immediately engage an independent investigator to assess the mounting number of disturbing claims made about Prolacta's management and its business practices.

This demand comes after the most recent allegation was brought to light in the form of a lawsuit by former employees alleging they suffered preventable injuries after being forced to carry large bags in cold temperatures without sufficient protective equipment.

This latest lawsuit joins a slew of other controversies at Prolacta which has led many Moms on Watch members to highly doubt if large venture backed pharmaceutical companies should be in the business of selling mother's milk, which the group contends should be affordable and accessible.

Some of the other allegations include:

1. A lawsuit (LA Superior Court Docket 19STCV37738) filed in October of 2019 by a former Director of Human Resources, Jacqueline Roeder, points to a systemic culture of racist, sexist and homophobic comments. These include allegations that VP of Operations made fun of an employee for being a lesbian and, together with CEO Scott Elster, declined to hire a candidate due to his sexual orientation. The lawsuit also cites pay disparities between male and female employees and a culture of inappropriate remarks by top executives.

2. The lawsuit from that same former HR Director also alleges an even more disturbing and potentially fraudulent practice of using milk donors' DNA for research without their authorization. These allegations, if true, potentially amount to fraud.

3. Prolacta is currently in late stage litigation with a small Oregon based milk bank called Ni-Q LLC based on allegations that Prolacta fraudulently obtained bogus patents (US District Court of Oregon, Case No. 3:17-cv-934-SI).

4. Some of the reviews on job site Glassdoor again point to disturbing comments made by executives and a toxic good ol boy network where friends of Scott Elster are promoted over more qualified candidates. Accounts of inappropriate comments aren't even limited to Glassdoor. One former employee recalls Scott Elster telling her that her "pregnant belly was disgusting" and that she shouldn't have another baby.

5. Prolacta has sued Medolac, a Public Benefit corporation, in a case legal observers have called frivolous and predatory. This case appears like an attempt for Prolacta to silence competition and bury a smaller competitor in legal fees.

Moms on Watch had the following statement on the matter:

"Mother's Milk is essential for the proper development of preterm infants which means it is critical that companies providing mother's milk act as good citizens to make sure it reaches everyone who needs it, not just those who can afford it. Scott Elster and Mark Hannon are not taking this critical mission seriously when there are allegations of mistreatment of workers and crude comments by executives. Moreover, it is critical to acknowledge the systemic issues including allegations of misusing donors' DNA – a serious breach of trust, and discriminating against women at a company providing MOTHERS milk. Prolacta seems to embody everything people find most troubling about Big Pharma."

Moms on Watch called on Prolacta board members and top investors to immediately order an independent investigation and clean house if needed.

"David Brailer, Dan Janney, Braden Kelly, Martin Sutter, Andy Funk, Frank Foster and Tiffany Foster, Bill Draper and the rest of the board are ultimately responsible for the company and its actions. It is not acceptable for board members to claim this isn't their job – these mounting allegations call for decisive action. No more finger pointing, no more dodging responsibility. Bring in an independent investigation now or you will be seen like the rubber stamp boards that ok-ed the illicit conduct of other dubious names in this industry like Elizabeth Holmes and Martin Shkreli."

Contact Information:
Ciera Jefferson
Email: MomsonWatch2020@gmail.com
https://www.momsonwatch.org/
Phone: 310 862-2377

This news release was issued through EmailWire – the global newswire with press release distribution services: http://www.emailwire.com.


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

Mounting Allegations at Prolacta Biosciences

LOS ANGELES, CA., Jun 26, 2020 – (ACN Newswire) – Moms on Watch, a watchdog group dedicated to making mother's milk safe, affordable, and accessible is urging the board of Prolacta Biosciences Inc. to immediately engage an independent investigator to assess the mounting number of disturbing claims made about Prolacta's management and its business practices.

This demand comes after the most recent allegation was brought to light in the form of a lawsuit by former employees alleging they suffered preventable injuries after being forced to carry large bags in cold temperatures without sufficient protective equipment.

This latest lawsuit joins a slew of other controversies at Prolacta which has led many Moms on Watch members to highly doubt if large venture backed pharmaceutical companies should be in the business of selling mother's milk, which the group contends should be affordable and accessible.

Some of the other allegations include:

1. A lawsuit (LA Superior Court Docket 19STCV37738) filed in October of 2019 by a former Director of Human Resources, Jacqueline Roeder, points to a systemic culture of racist, sexist and homophobic comments. These include allegations that VP of Operations made fun of an employee for being a lesbian and, together with CEO Scott Elster, declined to hire a candidate due to his sexual orientation. The lawsuit also cites pay disparities between male and female employees and a culture of inappropriate remarks by top executives.

2. The lawsuit from that same former HR Director also alleges an even more disturbing and potentially fraudulent practice of using milk donors' DNA for research without their authorization. These allegations, if true, potentially amount to fraud.

3. Prolacta is currently in late stage litigation with a small Oregon based milk bank called Ni-Q LLC based on allegations that Prolacta fraudulently obtained bogus patents (US District Court of Oregon, Case No. 3:17-cv-934-SI).

4. Some of the reviews on job site Glassdoor again point to disturbing comments made by executives and a toxic good ol boy network where friends of Scott Elster are promoted over more qualified candidates. Accounts of inappropriate comments aren't even limited to Glassdoor. One former employee recalls Scott Elster telling her that her "pregnant belly was disgusting" and that she shouldn't have another baby.

5. Prolacta has sued Medolac, a Public Benefit corporation, in a case legal observers have called frivolous and predatory. This case appears like an attempt for Prolacta to silence competition and bury a smaller competitor in legal fees.

Moms on Watch had the following statement on the matter:

"Mother's Milk is essential for the proper development of preterm infants which means it is critical that companies providing mother's milk act as good citizens to make sure it reaches everyone who needs it, not just those who can afford it. Scott Elster and Mark Hannon are not taking this critical mission seriously when there are allegations of mistreatment of workers and crude comments by executives. Moreover, it is critical to acknowledge the systemic issues including allegations of misusing donors' DNA – a serious breach of trust, and discriminating against women at a company providing MOTHERS milk. Prolacta seems to embody everything people find most troubling about Big Pharma."

Moms on Watch called on Prolacta board members and top investors to immediately order an independent investigation and clean house if needed.

"David Brailer, Dan Janney, Braden Kelly, Martin Sutter, Andy Funk, Frank Foster and Tiffany Foster, Bill Draper and the rest of the board are ultimately responsible for the company and its actions. It is not acceptable for board members to claim this isn't their job – these mounting allegations call for decisive action. No more finger pointing, no more dodging responsibility. Bring in an independent investigation now or you will be seen like the rubber stamp boards that ok-ed the illicit conduct of other dubious names in this industry like Elizabeth Holmes and Martin Shkreli."

Contact Information:
Ciera Jefferson
Email: MomsonWatch2020@gmail.com
https://www.momsonwatch.org/
Phone: 310 862-2377

This news release was issued through EmailWire – the global newswire with press release distribution services: http://www.emailwire.com.


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

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

Washington Companies Fails in Bid to Escape Case Via Motion for Summary Judgment, Case Now Cleared for Trial

LAS VEGAS, NV, Apr 24, 2020 – (ACN Newswire) – In a recent court ruling in the lawsuit between Environmental Transportation of Nevada, LLC (ETON) versus Komatsu America Corp., Komatsu Equipment Company (KEC), and Modern Machinery Co., Inc. of Rochester, WA. (part of a large consortium of privately held companies collectively known as the Washington Companies), regarding contributory negligence in the destruction of a bridge over Interstate 5 in Washington State, the summary judgment motion from Modern Machinery was denied along with Komatsu indemnity claims. One separate motion for summary judgment against ETON's claims was granted. The United States Federal Court Judge has determined that there are material facts in question as to the Washington Companies division's actions that need to be determined by a jury, thus clearing the way for a trial.

On July 20, 2016, a semi-truck hauling a pair of Komatsu excavators hit the overpass spanning Interstate 5 near Chehalis, WA, causing significant structural damage leading to a lawsuit between Environmental Transportation of Nevada, LLC (ETON) versus Komatsu America Corp., Komatsu Equipment Company (KEC) and Modern Machinery Co., Inc. of Rochester, WA.

The suit alleges that Komatsu America's agent Modern Machinery failed to load the excavators properly and in accordance with Komatsu's published shipping dimensions for the equipment under transport. ETON alleges that the knowing failure to load pursuant to the manufacturer recommendations was the cause of the accident and damage to the bridge.

During deposition, testimony revealed the possibility of two different Modern Machinery incident reports – one created by an employee and one later created by management. ETON will continue to use the issue of multiple reports as part of the case presentation for the jury.

Modern Machinery is a part of a large consortium of privately held companies collectively known as the Washington Companies, owned by billionaire Dennis R. Washington. Modern Machinery sells and rents high quality heavy equipment and provides product support to the construction, mining, and forestry industries. The Modern Machinery terminal in Rochester, WA is a home to a large staging area for a variety of Komatsu products brought from overseas awaiting shipment to other Komatsu dealers.

ETON is a Las Vegas-based premier transportation company serving the Western United States with equipment, professional drivers and superior on-time service.

Komatsu America Corp. is a U.S. subsidiary of Komatsu Ltd., the world's second largest manufacturer and supplier of earth-moving equipment, consisting of construction, mining and compact construction equipment.

CONTACT:
Mitchell Truman
(702) 348-6370

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

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