Trintech Announces the Expansion of Its Executive Team with the Addition of a Chief Human Resources Officer

DALLAS, TX / ACCESSWIRE, Nov 25, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the Office of Finance, today announced the appointment of Felicia Taylor as Chief Human Resources Officer (CHRO) of Trintech. With a focus on our employees, Taylor will help Trintech continue to build an engaged, inclusive, and high-performing culture. She will lead all aspects of human resources, including talent acquisition, talent development and learning, business partnerships, organizational development and effectiveness, compensation and benefits, diversity, inclusion and belonging, and operations and systems.

"Businesses don't create value; people do. Our employees are the heart of our business, which is why I am thrilled to announce the addition of a CHRO focused on continuing to provide our employees with a great place to work and ways to grow and develop their careers," said Teresa Mackintosh, Chief Executive Officer of Trintech. "Felicia's strong track record and rich experience in talent development and change management across international teams will help us to ensure we continue to build an agile culture of inclusivity and personal growth for all while attracting the talent of tomorrow to meet the evolving needs of our customers in this digital world."

Taylor joins the Trintech team with more than 20 years of experience holding global HR leadership roles spanning industries such as technology, multi-unit retail, and advertising. She is a creative and innovative global human resources executive with experience in developing human capital solutions to help businesses scale and transform. Her broad experience includes culture cultivation & design, change management, HR strategy, employee experience & engagement, M&A, total rewards, compensation strategies, and talent acquisition & retention. Prior to joining Trintech, Taylor was the Multifamily Division HR Vice President for RealPage (NASDAQ: RP). She also served as the Chief Vibe Officer and Head of Human Resources for VARI (formerly VARIDESK). Taylor earned her bachelor's degree in Human Resources Management and holds her SPHR and PHR-CA certifications.

"I am very excited to be joining Trintech as CHRO to continue building upon the strong foundation of practices Trintech already has in place today," said Felicia Taylor, Chief Human Resources Officer of Trintech. "It is evident to me that the Executive Leadership Team prioritizes a customer and people-centric culture and passion for innovation, and I look forward to partnering with the team to develop a progressive and aligned global HR strategy to support an environment where talent and culture continue to be a foundational and driving factor in the success of Trintech."

Trintech has been named One of Dallas/Fort Worth's Best and Brightest Companies to Work For® by the National Association for Business Resources for the past 4 years in a row.

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 and fiduciary reporting, and bank fee analysis, to governance, risk and compliance – Trintech's portfolio of financial solutions, including Cadency® Platform, Adra® Suite, and targeted tools, ReconNET™, T-Recs®, and UPCS®, help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

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

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

SOURCE: Trintech, Inc.

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

Trintech Client ABB Named Winner in 13th Annual Ventana Research Digital Leadership Awards

DALLAS, TX / ACCESSWIRE, Nov 24, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, announced today that its customer, ABB, a leading global engineering company, has been named the winner in the "Office of Finance" category of the 13th annual Ventana Research Digital Leadership Awards. ABB's win is attributed to its innovative use of Trintech's Cadency solution, standardizing its Record to Report process and generating increased efficiency across its global team.

"Technology is essential but achieving the most from technology requires leadership to implement change," notes Robert Kugel, Senior Vice President and Research Director at Ventana Research. "We gave ABB and Trintech our 2020 Digital Leadership award for having successfully tackled an ambitious close process digitization and standardization project in a decentralized worldwide organization."

In its 13th year, the Ventana Research Digital Leadership Awards program showcases "the leadership and use of business applications or technology that contribute significantly to improved efficiency, productivity and the performance of their organization." ABB partnered with Trintech and Capgemini to standardize the firm's Record to Report process, with a focus on balance sheet reconciliation, month-end closing and manual journal entries. With Trintech's Cadency solution, ABB realized greater efficiencies through streamlined policies designed to fit the needs of its specific compliance framework and more effectively manage live data to support its Record to Report process. Cadency has also provided ABB with scalability across the firm's global operations, centralizing core financial processes.

"Cadency has been instrumental in driving harmonization across our complex, multi-ERP environment," said Luca Condosta, Record to Report Group Finance Process Owner at ABB. "With the Cadency solution, we now have full visibility of our global closing and account reconciliation processes right at our fingertips."

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 ABB

ABB (ABBN: SIX Swiss Ex) is a leading global engineering company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB's success is driven by 110,000 talented employees in over 100 countries. www.abb.com

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

SOURCE: Trintech, Inc.

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

Trintech Expands to Meet Demand for Leading Mid-Market Solution, Adra

DALLAS, TX / ACCESSWIRE, Nov 19, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today announced at its virtual Trintech Connect Adra User Conference, the expansion of its Australian Data Centre with an expanded in country team to meet the needs of mid-market customers using its Adra solution in the region. With these investments, Adra customers will benefit from higher performance and robust support for data governance requirements.

"At Trintech, we are relentlessly committed to ensuring our customers are supported by not only the strength of our solutions, but also the expertise of our people," said Darren Heffernan, President, Mid-Market at Trintech. "This investment reinforces our dedication to ensuring a best-in-class experience wherever our customers are globally. With this newly expanded data centre, our customers can be assured that their data is housed in some of the world's most secure, high-end facilities, offering the highest industry standard levels of uptime, security and reliability – and compliant with governance and financial regulatory policies."

"Trintech has several consulting partners in the APAC region who are also excited about this investment, a positive and forward-looking move to help meet the needs of global mid-market customers and those operating specifically in this region," said Tim Green, Director of Green Cloud Consulting. "This investment enables mid-market companies in the APAC region to leverage Trintech's industry-leading financial close solution, Adra, in complete compliance with onshore data requirements."

"We continue to see rapid adoption and expansion of our Adra solution in the APAC region," said Fintan Diviney, Director, APAC Sales at Trintech. "We are excited about the upcoming opportunities to serve a growing number of companies in industries such as government, semi-government and financial services, who now have a financial close solution available to them that meets their onshore data security requirements."

Earlier this year, Trintech released Adra Analytics, which enables continuous improvement of the close cycle by providing data independence and reporting flexibility. Adra Analytics data can be used natively in Adra or in combination with internal data sets to create company tailored actionable insights in your business intelligence tool of choice (i.e. Power BI, Tableau).

The latest enhancements to Adra Analytics, being shown today at the Trintech Connect Adra User Conference, meet the needs of mid-market organizations to easily evaluate close performance trends and answer crucial organization-specific questions with robust data. Customers who have implemented Adra Analytics are able to easily share company specific internal control KPIs and evaluate variances over time to highlight focus areas. Some of the benefits these customers are seeing include the ability to:

– Measure close process efficiency and quality, as a starting point for continuous improvements over time
– Measure the quality of reconciliations over time
– Measure the timely completion of reconciliations over time
– Answer organization-specific questions and address organizational use cases

Heffernan kicked off the last day of Trintech Connect 2020 with some thoughts on making sense of big, complex data. "It's all about intelligence. How can I turn data into intelligence?," concluded Heffernan. "Adra Analytics can help organizations with this."

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® Platform, Adra® Suite, and targeted tools, ReconNET™, T-Recs®, and UPCS®, 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:
Kristina Pereira Tully
Vested
650-464-0080
trintech@fullyvested.com

SOURCE: Trintech, Inc.

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

Moms on Watch: Ni-Q Summary Judgement Illustrates Prolacta’s Deceptive Business Practices

LOS ANGELES, CA., Oct 9, 2020 – (ACN Newswire) – Moms on Watch, the watchdog group committed to ensuring that mother's milk is safe, affordable, and accessible to all who need it, released the following statement in response to the recently filed Motion for Summary Judgement of U.S. District Court of Oregon, Case No. 3:17-cv-934-SI against Prolacta filed by Ni-Q is just one of many groups that have been litigating with Prolacta for allegedly duplicitous conduct.

Ni-Q has courageously shone a light on Prolacta's allegedly dishonest tactics used to secure its patents. Patent law may seem dull but it is through patents that Big Pharma companies like Prolacta bully smaller companies and force them out of business to corner a market. The motion cites that Prolacta engages in knowingly dishonest conduct to secure patents and that Scott Elster, its CEO, said that "the patent office is too stupid to notice". Well, Mr. Elster, we noticed. Ni-Q noticed. And in time, we hope that the public too will notice. Parents across the country should not be forced to be price gouged and forced to pay a company accused of sexual harassment, gender discrimination, anti-gay discrimination, hostile workplace, and misuse of donor DNA. Will the spineless board members at Prolacta EVER stand up to Scott Elster? Or will they continue to back slap while the company continues to spiral towards moral degradation – the opposite of the so-called values professed by its rich white male venture capitalist backers.

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

This press release is issued through EmailWire.Com – the global newswire with press release distribution services. For more information, go to http://www.emailwire.com

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

HKIoD Voices Reservations about “Lead INED” but Affirms Room for Improving Effectiveness of INEDs

HONG KONG, Oct 8, 2020 – (ACN Newswire) – Recently, there have been discussions in the financial market about the suggested introduction of a lead independent non-executive director ("Lead INED") on the boards of listed companies. The Hong Kong Institute of Directors ("HKIoD") expresses strong reservations about the suggested introduction and states its views regarding enhancing the effectiveness and accountability of INEDs.

HKIoD's views stem from the legal stipulation that all directors bear equal responsibility as well as the basic principle that INEDs must serve on the board with independent perspective towards protecting the long-term interests of the company and all shareholders. INEDs carry the trust bestowed upon them. HKIoD therefore affirms that INEDs should be effective and accountable in fulfilling their roles. According to HKIoD's observation, there are INEDs who perform their duties well, particularly those who are recognised recipients of Directors Of The Year Awards. However, there is still room for improvement in terms of change in culture and general development.

"There are many measures that can be taken to enhance INED effectiveness and accountability," said Dr Christopher To, Chairman of HKIoD. "However, we do not think the appointment of a Lead INED is the solution. Having a Lead INED may be effective where the majority of the board consists of INEDs. If the majority of board members are executive directors and the major shareholders are holding more than 50% of the issued share capital of the company, appointing a Lead INED does not help the independent shareholders in the decisions of the board, except in the case of a connected transaction, in which the major shareholder is already required to abstain from voting."

"We are concerned with how the appointment of a Lead INED could affect the other INEDs' perception of their roles and responsibilities, and in turn their desire and motivation to perform," added Dr To. "Having a number of INEDs on a board helps to widen the opinion base and generate balanced views. The emphasis on the Lead INED risks disrupting this balance."

Mr Henry Lai, Past Chairman of HKIoD and current Chairman of the Institute's Corporate Governance Policies Committee, has in mind a number of measures for enhancing the system of INEDs, though the introduction of a Lead INED would not be among such measures. "Firstly, we should review the selection criteria of INEDs, such as independence, special roles expected of each INED, board diversity, et cetera, including the procedures for appointing INEDs," said Mr Lai. "In addition, priority must be given to initial and ongoing education and training of INEDs. In some other jurisdictions, it is a developed culture for the INED and the company to seek recognised training in INED practices. Companies should also be encouraged to have more professional and experienced directors appointed as INEDs."

"Secondly, meetings with independent shareholders can be set up for INEDs collectively before every EGM to discuss and explain the resolutions that the EGM seeks to pass, in supplement to the recommendations made by the independent board committee and independent financial adviser ("IFA")," explained Mr Lai. "Such meetings can be arranged in the interest of serving as another bridge between shareholders and the board, in addition to the company's Investor Relations communications. In performing their duties, INEDs should be allowed to choose their own IFAs."

"Thirdly, the inclusion of an INED report in the company's annual report is another measure to enhance the accountability of INEDs," added Mr Lai.

Dr Carlye Tsui, CEO of HKIoD, observed, "INEDs need to be educated continually in order to remain up to date on trends of corporate governance. Currently, many companies do not seem to understand or appreciate the functions and benefits of INEDs; hence, they too need to be educated. Continuing education, for both INEDs and other directors and management, is significant in increasing understanding and in encouraging collaborative working relationships, which ultimately result in bringing the true value of INEDs' contribution to realisation." She further said, "Corporate governance is in continual evolution. While executive directors and management may be preoccupied with business development, INEDs can act as catalyst for championing board leadership in such issues as ESG adoption and board evaluation. This will enhance the effectiveness of INEDs."

Dr To remarked, "In some other listing regimes, the ecosystems are characterised by a market with a high ratio of institutional investors to retail investors. In Hong Kong, the reverse scenario holds true, with retail investors outnumbering their institutional counterparts. Having a Lead INED in dialogue with institutional investors may therefore be unfair to the retail investors."

"In the evolution of corporate governance, HKIoD believes that the number of INEDs in a board can be increased given time, leading ultimately to an INED-majority board," remarked Mr Lai. "Now it may be appropriate to consider the roadmap towards this majority. Then a Lead INED may be able to serve the leading purpose. Otherwise, it is unfair to the Lead INED as enormous pressure would be thrusted solely upon him or her while the other INEDs would remain in the back seat."

Dr Tsui posed a crucial question, "The final question is: Who will be willing to take up the position of Lead INED, given the tremendous responsibility and liability that the role entails? It will be an immensely difficult task, if not impossible, to look for candidates to fill this position. This also brings up the issue of awarding reasonable remuneration to INEDs, particularly a Lead INED to attract the right candidates."

About The Hong Kong Institute of Directors

The Hong Kong Institute of Directors is Hong Kong's premier body representing directors to foster the long-term success of companies through advocacy and standards-setting in corporate governance and professional development for directors. A non-profit-distributing organisation with membership consisting of directors from listed and non-listed companies, HKIoD is committed to providing directors with educational programmes and information service and establishing an influential voice in representing directors. With international perspectives and a multi-cultural environment, HKIoD conducts business in biliteracy and trilingualism. Website: http://www.hkiod.com.

Media Enquiries:
Strategic Public Relations Group
Brenda Chan, +852 2114 4396, brenda.chan@sprg.com.hk

The Hong Kong Institute of Directors
Moni Ching, +852 2889 1414, moni.ching@hkiod.com

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

Study Finds 90% of Responding Organizations Experience Challenges with Financial Close Process

DALLAS, TX / ACCESSWIRE, Sep 25, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today released a study evaluating organizations' use of ERP systems and financial software during the global COVID-19 pandemic and its impact. Nine out of ten respondents said they experience challenges with the financial close process, with the top challenges being 1) a time-consuming process, 2) the risk of experiencing manual errors, and 3) under-supported to achieve their goals.

A commissioned study conducted by Forrester Consulting on behalf of Trintech surveyed 336 finance and IT leaders globally on challenges experienced in digital transformation efforts. Respondents reported their organizations' processes and strategies are rife with challenges due to data accuracy and lack of collaboration. However, there are opportunities for organizations to pinpoint their problem areas and utilize modern technology and strategic approaches to help propel themselves toward long-term success.

Key findings include:

– Complex environments cause challenges with executive collaboration and financial close technology. Organizations operate in complex ERP environments and use an average of nine different vendors and 18 instances across the enterprise globally which leads to disconnects in collaboration and communication among the C-Suite and other leadership stakeholders and trouble with data availability and accuracy. This increases the risk of financial misstatements and potentially incorrect insights. 44% of respondents cited errors due to manual processes as one of the biggest challenges during financial closes.

– Adopting advanced technologies can benefit the entire organization. Many organizations can benefit from supplemental financial close applications that work across this complex and disparate ERP environment while also introducing advanced technological capabilities such as AI that benefit the entire organization. Currently, CFOs spend almost 17% of their work week analyzing financial information and only 12% on business strategy-related activities. Advanced technologies can free up time and help CFOs spend more time on strategy.

– The financial close process will be overhauled in the age of AI. Eighty percent of respondents said AI will play a large or central role in their organization's next wave of financial management technology. Organizations must take advantage of and invest in technologies like AI, robotics, automation, and risk management so the finance office can overcome its own challenges while leading the way in the organization for the ROI on these advanced technologies.

"Prior to the pandemic, we heard many business leaders say digital transformation is a priority, but too many overlook finance as a crucial and foundational element of this transformation. Investing in the right technology to maintain business continuity in a remote environment and beyond is no longer a "want", it's a critical need," said Teresa Mackintosh, CEO at Trintech. "This survey revealed that complex ERP environments hinder the ability to produce necessary financial statements and track key metrics to get a true view of the business. Looking to supplemental solutions that integrate across these complex ERP environments to ensure data accuracy, automation, and collaboration in the C-Suite are paramount to ensuring long-term success for your organization."

According to the study, "Finance teams are notorious for lagging behind their enterprises' digital transformation efforts, though not for lack of trying. While many large enterprises focus on their technology teams, they overlook the transformational necessity of the finance teams, leaving them with outdated systems and frustrated employees and lacking skill sets. To effectively position themselves for long-term success, organizations must deliver on these increasingly challenging demands in the short run and find a way to manage the complexities that come with being an enterprise-level organization."

Key Recommendations:

Growing pressures due to rising customer expectations, fast pace of change, and the ongoing impacts of the pandemic will force organizations to invest in modern finance solutions or face perilous consequences. This in-depth survey yielded several important recommendations:

– Organizations need to make bold investments in finance for business survival and growth. Decision makers must overhaul their current thinking and recognize that great finance systems – including clear visibility and controls – can make or break the business. Leaders need accurate, real-time financial information through streamlined financial close software to make important decisions about business health and investments.

– The right technology will bring consistency and automation to critical financial processes. Respondents said they prioritize integration, breadth, and automation when selecting financial software. These characteristics are critical to solving issues around fragmented data, inconsistent processes, and out-of-date information that can drag down business success.

– Make sure to invest in governance and CFO-CIO collaboration for best results. Leading organizations must combine people, processes, and technology for best results in modern finance systems. The technology is a starting point, but real success can only happen when key stakeholders are aligned and clear on roles and responsibilities.

– Push the limits of AI in core finance processes. All financial software aims to automate and reduce manual effort, but leading solutions are changing the game with real learning and intelligence. Go beyond the buzzwords and ask your supplier for real examples and references from customers who can speak to the power of real AI.

Please tune in to our webinar, "Leveraging Advanced Technology to Succeed in a Complex Financial Close", on October 16th to hear more about our survey findings and recommended next steps. https://pr.report/6H-IMBOJ

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® Platform, Adra® Suite, and targeted tools, ReconNET™, T-Recs®, and UPCS®, help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

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

Media Contact:
Adrienne Kim
Vested
917-765-8720
trintech@fullyvested.com

SOURCE: Trintech, Inc.

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

Study Finds 90% of Responding Organizations Experience Challenges with Financial Close Process

DALLAS, TX / ACCESSWIRE, Sep 25, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today released a study evaluating organizations' use of ERP systems and financial software during the global COVID-19 pandemic and its impact. Nine out of ten respondents said they experience challenges with the financial close process, with the top challenges being 1) a time-consuming process, 2) the risk of experiencing manual errors, and 3) under-supported to achieve their goals.

A commissioned study conducted by Forrester Consulting on behalf of Trintech surveyed 336 finance and IT leaders globally on challenges experienced in digital transformation efforts. Respondents reported their organizations' processes and strategies are rife with challenges due to data accuracy and lack of collaboration. However, there are opportunities for organizations to pinpoint their problem areas and utilize modern technology and strategic approaches to help propel themselves toward long-term success.

Key findings include:

– Complex environments cause challenges with executive collaboration and financial close technology. Organizations operate in complex ERP environments and use an average of nine different vendors and 18 instances across the enterprise globally which leads to disconnects in collaboration and communication among the C-Suite and other leadership stakeholders and trouble with data availability and accuracy. This increases the risk of financial misstatements and potentially incorrect insights. 44% of respondents cited errors due to manual processes as one of the biggest challenges during financial closes.

– Adopting advanced technologies can benefit the entire organization. Many organizations can benefit from supplemental financial close applications that work across this complex and disparate ERP environment while also introducing advanced technological capabilities such as AI that benefit the entire organization. Currently, CFOs spend almost 17% of their work week analyzing financial information and only 12% on business strategy-related activities. Advanced technologies can free up time and help CFOs spend more time on strategy.

– The financial close process will be overhauled in the age of AI. Eighty percent of respondents said AI will play a large or central role in their organization's next wave of financial management technology. Organizations must take advantage of and invest in technologies like AI, robotics, automation, and risk management so the finance office can overcome its own challenges while leading the way in the organization for the ROI on these advanced technologies.

"Prior to the pandemic, we heard many business leaders say digital transformation is a priority, but too many overlook finance as a crucial and foundational element of this transformation. Investing in the right technology to maintain business continuity in a remote environment and beyond is no longer a "want", it's a critical need," said Teresa Mackintosh, CEO at Trintech. "This survey revealed that complex ERP environments hinder the ability to produce necessary financial statements and track key metrics to get a true view of the business. Looking to supplemental solutions that integrate across these complex ERP environments to ensure data accuracy, automation, and collaboration in the C-Suite are paramount to ensuring long-term success for your organization."

According to the study, "Finance teams are notorious for lagging behind their enterprises' digital transformation efforts, though not for lack of trying. While many large enterprises focus on their technology teams, they overlook the transformational necessity of the finance teams, leaving them with outdated systems and frustrated employees and lacking skill sets. To effectively position themselves for long-term success, organizations must deliver on these increasingly challenging demands in the short run and find a way to manage the complexities that come with being an enterprise-level organization."

Key Recommendations:

Growing pressures due to rising customer expectations, fast pace of change, and the ongoing impacts of the pandemic will force organizations to invest in modern finance solutions or face perilous consequences. This in-depth survey yielded several important recommendations:

– Organizations need to make bold investments in finance for business survival and growth. Decision makers must overhaul their current thinking and recognize that great finance systems – including clear visibility and controls – can make or break the business. Leaders need accurate, real-time financial information through streamlined financial close software to make important decisions about business health and investments.

– The right technology will bring consistency and automation to critical financial processes. Respondents said they prioritize integration, breadth, and automation when selecting financial software. These characteristics are critical to solving issues around fragmented data, inconsistent processes, and out-of-date information that can drag down business success.

– Make sure to invest in governance and CFO-CIO collaboration for best results. Leading organizations must combine people, processes, and technology for best results in modern finance systems. The technology is a starting point, but real success can only happen when key stakeholders are aligned and clear on roles and responsibilities.

– Push the limits of AI in core finance processes. All financial software aims to automate and reduce manual effort, but leading solutions are changing the game with real learning and intelligence. Go beyond the buzzwords and ask your supplier for real examples and references from customers who can speak to the power of real AI.

Please tune in to our webinar, "Leveraging Advanced Technology to Succeed in a Complex Financial Close", on October 16th to hear more about our survey findings and recommended next steps. https://pr.report/6H-IMBOJ

About Trintech

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

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

Media Contact:
Adrienne Kim
Vested
917-765-8720
trintech@fullyvested.com

SOURCE: Trintech, Inc.

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

Moms on Watch Condemns Lack of Diversity at Prolacta; Demands Prolacta’s Leadership Team Reflect the Communities it Serves

LOS ANGELES, CA., Sep 2, 2020 – (ACN Newswire) – Moms on Watch, a watchdog group dedicated to making mother's milk safe, affordable, and accessible, is demanding that the leadership of Prolacta Biosciences Inc. reflect the communities it serves.

Moms on Watch highlights the following statistics:

– It appears that there is only 1 woman serving on the 8-person Board of Directors
– Out of 17 people listed as Executives on the Prolacta website, only 4 are women
– It does not appear that there is even ONE person of color on either the Board of Directors or Executive Team

Moms on Watch had the following statement:

"It is shocking that Prolacta, a billion dollar company with hundreds of millions in revenue in the business of selling breast milk has an executive team that would fit well in the world of Mad Men. And if you look at the allegations against Prolacta: anti-competitive business practices, labor standard violations, sexual harassment, anti-LGBT discrimination; it is clear that they operate like an old boys club right out of the 1950s. Our group of moms believe that at the root of all of these allegations is a male-dominated chauvinist culture which emphasizes short term profits over all else and where wealthy and powerful men can engage in misconduct with impunity. Prolacta must join the 21st Century."

Moms on Watch is aware of the following allegations against Prolacta:

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 believes that companies, like people, should be given a presumption of innocence. Each individual allegation or battle may have a reasonable explanation but taken together there does not appear to be any reasonable explanation for a company of Prolacta's size being allegedly engaged in anti-competitive business practices, sexual harassment, discrimination, and misuse of DNA. Prolacta's deafening silence amidst these mounting allegations combined with the seeming failure of board members to start an independent investigation illustrates that the company isn't even trying to seem like a good corporate citizen anymore."

Moms on Watch is aware that a class action attorney is investigating allegations of Prolacta's misuse of breastmilk donor DNA.

Alan Romero of ROMERO LAW in Pasadena, CA can be reached at (626) 396-9900 or on his cellphone at (626) 383-3391.

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

Rimba Raya launches Seruyan River Cleanup Movement 2020

Seruyan, C Kalimantan, INDONESIA, Aug 29, 2020 – (ACN Newswire) – In celebration of World River Day on September 27, Rimba Raya Conservation (Rimba Raya) has partnered with the Seruyan Regency Environmental Agency to launch the Seruyan River Cleanup Movement 2020 #satusampahseribubencana (one waste, one thousand disasters).

Rimba Raya Technical Director Moch. As'ari addressing the opening ceremony at Seruyan River Cleanup Movement 2020

Head of Environmental Agency Priyo Widagdo hitting the gong to mark the opening of Seruyan River Cleanup Movement 2020

The movement was launched with an opening ceremony in the pendopo (official house) of the Seruyan Regent, with the theme "Waste-Free River, Healthy Community, Beautiful Village".

"We believe that this movement will make the people of Seruyan feel more responsible toward their own environment and appreciate the local and the planet's health," said Moch. As'ari, Technical Director of Rimba Raya.

"Our target is to collect 8 tons of waste from 11 villages and two sub-districts all along the Seruyan River," said Sylviana Andhella, Executive Director of Rimba Raya.

During the Seruyan River Cleanup Movement, Rimba Raya will hold several activities. This will include writing and drawing competitions for primary to senior high school students to inspire and encourage the younger generation to be more aware of their environment and the need to protect it.

Rimba Raya will collaborate with Balai TN Tanjung Putting National Park and Orangutan Foundation International (OFI) in these activities, which will be conducted until the final event, on the 17th of September.

At the opening ceremony, the Head of the Seruyan Regency Environmental Agency said, "With this series of activities, we hope to create awareness, and an ongoing motivation to care for the environment and keep the rivers clean. With our continued efforts, we hope that the Seruyan river will become a destination for tourists which will certainly have a positive impact on the economic growth of this region."

Rimba Raya Biodiversity Reserve is a project that focuses on Ecosystem Restoration. It aims to restore and preserve the tropical peat swamp forest which is essential habitat for orangutans and is managed under the principles of ecology, economic and social management.

Rimba Raya acts as a vital buffer zone for TN Tanjung Putting National Park. The project implements initiatives that positively impact 14 villages across two sub-districts (Seruyan Hilir and Danau Sembuluh) in the Seruyan Regency, Central Kalimantan.

Rimba Raya initiatives are developed by InfiniteEARTH with a focus on assisting local communities to improve their economic status and embrace the positive impacts of being a REDD+ project.

"We need to engage and empower local people to actively contribute to preserving the peat swamp forest. If we work together, we can protect mother earth and keep her from harm," said Djonni Andhella, President Director of Rimba Raya.

Rimba Raya empowers local community members to play a role in protecting and conserving the peat forest with a long-term philosophy, "Local Community. Forest. Climate". The project aims to work towards consistently achieving the UN's SDGs, both within the project area and the bordering villages.

In addition to the Seruyan River Cleanup movement, Rimba Raya, in cooperation with the Seruyan Regency Public Health Office, has launched the Floating Clinic Initiative aiming to provide health services to communities along the Seruyan River. These services include general public health, prenatal care, pediatric care for children, as well as improved nutritional advice and supplies.

To build awareness, we have also introduced a 'Peatland Education Program' for primary school students, conducted in cooperation with the Peatland Restoration Agency.

All the proposed activities are conducted in accordance with COVID-19 health protocols which include social distancing, the wearing of protective masks and no mass crowding.

Contact:
Frita Junita
Communication Officer, Rimba Raya Conservation
Email: rimbarayajakarta@gmail.com

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

Trintech Enhances Its Enterprise System of Accounting Intelligence with Release of Cadency 9.0

DALLAS, TX / ACCESSWIRE, Aug 14, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today announced the release of Cadency 9.0. The latest update to Cadency's comprehensive System of Accounting Intelligence offers new, innovative support for transaction and account reconciliation, journal entry, systems integrations, artificial intelligence and overall usability for large enterprises.

"As our customers continue to focus on agility and sustainability during this time, the enhancements we have made in Cadency 9.0 deliver greater controls, enhanced visibility, increased efficiencies and certainty of accurate financial reporting that our large enterprise customers demand," said Michael Ross, Chief Product Officer at Trintech. "We've continued to heavily invest in Cadency's System of Accounting Intelligence to ensure these enterprises have the visibility and control to manage every aspect of the financial close from one central cloud-based platform, whether they are in the office or working remotely."

As a central part of the update, Cadency 9.0 consists of several foundational enhancements to improve the Cadency user experience; providing intuitive, easy-to-use and standardized functionality that drives greater efficiencies in your daily workflows. A new, collapsible sidebar navigation allows users to navigate to any page with a single click, reducing the overall time spent navigating between pages. In addition, the reporting experience has also been enhanced with streamlined navigation, search, edit, export, view, and run/schedule capabilities to reduce the time and effort of generating reports.

Cadency 9.0's transaction and account reconciliation enhancements are designed to enhance the speed, accuracy and transparency for what ultimately creates the foundation of a reliable financial statement. Customers will gain greater visibility into overdue journals, decreasing overall financial risk by ensuring SLA's are being enforced per policy and the journals are approved on time. In addition, the introduction of Aged Item Email Notifications will provide greater transparency and control into the management of reconciliations.

Trintech has also made extensive investments in its System of Integration with the addition of two new APIs, Cadency GL Reconciliations API and Cadency Close Task Field API. These integration and automation capabilities increase your organization's efficiency by reducing the manual period-end close activities and time spent supporting an audit, reduce your cost as fewer manual hours are spent on task management and audit preparation, and reduce the risk of a miss in an audit or key control by requiring supporting documentation on those critical tasks.

Lastly, in order to provide our customers with additional controls into computing actionable risk ratings on their journals, we have further invested in our Financial Controls AI(TM) capabilities with the addition of 3 new evaluation criteria to our Risk Rating Engine (RRE): Intra-company transactions, topside Journal Entries and period-end adjustments.

Cadency(R) is the only System of Accounting Intelligence that combines all financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management, compliance and reporting.

About Trintech

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

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

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

SOURCE: Trintech, Inc.

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