Trintech Announces Four SAP-Certified Integrations with SAP S/4HANA(R) and SAP NetWeaver(R)

DALLAS, TX / ACCESSWIRE, Feb 19, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today announced successful certifications by the SAP Integration and Certification Center (SAP ICC). Trintech's Cadency(R) 8.0 and Cadency RPA and Journal Management (ERP Bots) have been SAP-certified for integration with both SAP S/4HANA(R) and powered by SAP NetWeaver(R). The latest certifications for Trintech also support deployment and compatibility with all earlier versions of SAP(R) software. The latest certifications include:

– Trintech Cadency V8.0 for SAP ERP (Connectors to extract data out of SAP ERP and import into Cadency)
– Trintech Cadency V8.0 for SAP S/4HANA (Connectors to extract data out of SAP S/4HANA and import into Cadency)
– Trintech RPA and Journal Management V8.0 for SAP ERP (ERP Bots for automating Close and JE tasks within SAP ERP with bi-directional connectivity with Cadency)
– Trintech RPA and Journal Management V8.0 for SAP S/4HANA (ERP Bots for automating Close and JE tasks within SAP S/4HANA with bi-directional connectivity with Cadency)

"Trintech continues to reinforce its partnership with SAP by delivering new integration capabilities to provide customers with even more value in their financial transformation journeys," said Michael Ross, Chief Product Officer at Trintech. "These integrations bring enhanced control, automation and data integrity to finance and accounting departments around the world, while also helping to ensure that data flowing to and from their SAP solutions is as seamless as possible."

Bi-directional in nature, Cadency reduces the cost, time and risk of data integration with SAP, by automatically retrieving the data required for the reconciliation and close processes, as well as directly validating and posting journal entries in real-time. Solutions that are SAP-certified can be more quickly and easily integrated into SAP solution environments and can reduce overall IT investment costs and risks.

Trintech currently has hundreds of customers running SAP solutions alongside its enterprise solution, Cadency such as, Siemens, HP, GSK, and Ingram Micro. Although many of Trintech's customers have deployed SAP, Cadency is ERP agnostic, offering the ability to support all instances of ERPs and GL systems, including SAP, Oracle(R), NetSuite(R) and many more for complete visibility across all business units, geographies and sources.

About Cadency

Cadency is the only System of Financial Controls that combines all financial close activities into a single, streamlined process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management, compliance and reporting. Through the combination of a System of Financial Controls, strong integration, and advanced automation, organizations will achieve a System of Accounting Intelligence that will ultimately allow them to shift their focus away from repetitive tasks to higher value work that helps drive the strategic directions of their organizations.

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, Germany, 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.

SAP, SAP S/4HANA, SAP Netweaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned herein are the trademarks of their respective owners.

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

Shape Capital Advises SQID Technologies Ltd Listing on CSE

MELBOURNE, AU / ACCESSWIRE, Feb 12, 2020 – (ACN Newswire) – Corporate advisory and investment firm Shape Capital announced today that its Brisbane based client SQID Technologies Limited successfully completed listing on the Canadian Securities Exchange "CSE" on January 21, 2020 under the symbol CSE:SQID.

SQID is a payment processor enabling merchants to receive debit or credit card payments. For the fiscal year ended June 2019, SQID reported total transaction value of $163 million and revenues of $5,403,525 and profit before income tax of $1,147,722 reflecting a 72% increase in revenues and 85% increase in its profit before income tax over the same period for the fiscal year 2018.

A team of advisors handled the listing with Shape Capital acting as the Australian corporate advisor to the transaction in collaboration with TriPoint Global Equities/BANQ(R) in NY and Australian based First Growth Funds Limited.

"Listing Australian companies on the CSE is cost effective and a more streamlined process compared to listing on the ASX. The CSE provides Australian companies with a great launch pad into North America to gain market exposure, access to new investors and help create shareholder value, said Anoosh Manzoori, CEO of Shape Capital."

SQID's technology provides merchant services and transaction processing to business merchants and ecommerce customers across both 'Business to Business' (B2B) and 'Business to Consumer' (B2C) segments to bridge both retail and wholesale transactions through its platform. Its technology is powerfully structured to allow layered access to payment and merchant transaction data, and integrates these retail and wholesale layers (creating many separate customer nodes within the network), providing split settlements between each layer. This provides a broad platform for commission structures and transaction-based rewards that are settled at the same time as the underlying transaction is settled. The business model is applicable to significant business channels including affiliate marketing, rewards programs, franchises, marketplace apps, agencies, etc.

SQID has established itself as a relationship payment provider and payment facilitator in the Payment Processing industry, which specialises in delivering ecommerce solutions to businesses that have their 'card-not-present' commercial outcomes dependent on two or more businesses. This has delivered sizeable growth in revenue as the model is based on engaging one referrer who then refers additional merchants. The Company has concentrated on building relationships with merchants and providing incentives to merchants for referrals to new business opportunities. This has resulted in substantial growth with minimal overhead and resources.

The SQID business has a proven business model of delivering sustained profitability over time. Revenue growth has been achieved through strong growth from merchants in industries related to training and education.

For further information please visit the company's corporate website at www.sqidpay.com.

About Shape Capital

Shape Capital is an investment and corporate advisory firm that positions, prepares and shapes clients for specific events, including mergers and acquisitions, capital raisings and IPOs. As an independent advisory firm, Shape Capital advises private and public companies and has extensive experience in cross-boarder transactions with a strong focus on the technology sector. Shape Capital works with high growth companies to assist with strategy, timing, structure, valuation, and provides access to a large global network of investors. Shape Capital holds an Authorised Corporate Representative of an Australian Financial Services License (AFSL) with head office in Melbourne, Australia. For more information, please visit http://www.shape.capital

For further information please contact:

Anoosh Manzoori
CEO
Shape Capital Pty Ltd
Level 8, 90 Collins Street,
Melbourne, Victoria, 3000, Australia
m. +61.3.966 6338
e. anoosh@shape.capital

or:

SQID Directors: Peter Hall / John O'Connor
investors@sqidpay.com

SOURCE: SQID Technologies Limited (SQID)

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

Washington Companies Employee Destroyed Crucial Evidence in Federal Court Case

LAS VEGAS, NV, Jan 29, 2020 – (ACN Newswire) – Komatsu America Corp., Komatsu Equipment Company (KEC) and Modern Machinery Co., Inc. of Rochester, WA, are being sued by Environmental Transportation of Nevada, LLC (ETON) for contributory negligence in the destruction of a bridge over Interstate 5 in Washington state.

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.

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.

During depositions, it was discovered that two incident reports had been made. However, the incident report created by the yard manager who loaded the truck too tall was destroyed as part of key evidence in the ongoing trial. The second incident report was submitted by a Modern Machinery manager, which included incorrect and additional information that was not consistent with the event.

Modern Machinery 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 product 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. Komatsu America also serves forklift and forestry markets. Through its distributor network, Komatsu offers a state-of-the-art parts and service program to support its equipment. Komatsu has proudly been providing high-quality reliable products for nearly a century.

CONTACT:
Mitchell Truman
+1-702-348-6370
www.ETON.me

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

Trintech Extends Global System of Accounting Intelligence Leadership with Release of Cadency 8.0

DALLAS, TX / ACCESSWIRE, Jan 29, 2020 – (ACN Newswire) – Trintech, a pioneer and leading provider of Financial Close software, today announced the release of Cadency 8.0. The latest update to Cadency's comprehensive System of Financial Controls(TM) offers new, innovative support for transaction and account reconciliation, journal entry, audit preparation and integration with the office of finance's software ecosystem.

Cadency is the only System of Financial Controls 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. Through the combination of a System of Financial Controls, strong integration, and advanced automation, organizations will achieve a System of Accounting Intelligence that will ultimately allow them to shift their focus away from repetitive tasks to higher value work that helps drive the strategic directions of their organizations.

"The financial close process is a highly interconnected operation and with 8.0 we've continued to heavily invest in Cadency's System of Financial Controls to ensure our customers have the visibility and control to manage every aspect of the financial close from one central platform," says Michael Ross, Trintech's Chief Product Officer. "With these enhancements, our customers can leverage emerging technologies, such as Artificial Intelligence (AI), Risk Intelligent RPA(TM), and ERP Bots to enable a close and dynamic integration of Cadency's close activities with other systems, such as ERPs, extending their System of Accounting Intelligence."

As a central part of the update, Cadency 8.0's transaction and account reconciliation enhancements are designed to enhance speed, organization and transparency for what ultimately creates the foundation of a reliable financial statement. Now, with the solution's new reviewer user groups, along with its enhanced preparer and reviewer configuration options, it offers additional workflow flexibility and visibility, while still reinforcing risk mitigation through a segregation of duties.

"In order to complete JE postings, the office of finance must have timely and complete visibility throughout the Record to Report (R2R) process," continues Ross. "Fortunately, Artificial Intelligence can play a powerful role in providing greater efficiency and effectiveness in reducing risk." Now with AI Risk Rating for JE, the appropriate personnel will have greater visibility and control over areas of high risk. Also helping create greater efficiency and transparency for SAP(R) customers, Journal Entry drill-back with a direct Cadency JE hyperlink significantly reduces the clicks and steps necessary for SAP(R) users to review supporting evidence for Journal Entries created in Cadency.

Knowing that many F&A teams still face a significant burden supporting the audit process, Cadency's eBinders contain comprehensive electronic documentation of a company's financial close process for a specified period. With 8.0, the eBinders also offer bulk management for General Ledger binders. Additionally, Cadency's Dynamic Account Maintenance(TM) (DAM) capabilities now provide a brand new User Interface for additional diligence and audit, by logging changes and updates to DAM jobs and associated steps. These details can also be exported for deeper analysis when necessary.

Lastly, with 8.0, the solution's SAP(R) Certified ERP Connector automates the closure of tasks between SAP(R) and Cadency, and enables its ERP Bots to automatically handle all of the related details (e.g. depreciation and posting of Journal Entries for fixed assets), providing deeper integration capabilities and greater efficiencies for SAP(R) customers. In addition, because Cadency is ERP agnostic, we provide pre-built ERP connectors and APIs for any ERP, including SAP(R), Oracle(R) and NetSuite(R).

About Trintech

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

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

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

SOURCE: Trintech, Inc.

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

Komatsu Negligence Causes Bridge Strike

LAS VEGAS, NV, Jan 29, 2020 – (ACN Newswire) – Komatsu America Corp., Komatsu Equipment Company (KEC) and Modern Machinery Co., Inc. of Rochester, WA, are being sued by Environmental Transportation of Nevada, LLC (ETON) for contributory negligence in the destruction of a bridge over Interstate 5 in Washington state.

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.

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.

KEC sent knowingly wrongful loading information causing the entire chain of events that lead to the destruction of the bridge over Interstate 5. According to ETON management, "Had KEC provided the correct height restriction for this load, ETON would have never hauled it."

Modern Machinery 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 product 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. Komatsu America also serves forklift and forestry markets. Through its distributor network, Komatsu offers a state-of-the-art parts and service program to support its equipment. Komatsu has proudly been providing high-quality reliable products for nearly a century.

Contact:
Mitchell Truman
CEO, ETON
+1-702-348-6370
http://www.ETON.me
Environmental Transportation of Nevada, LLC

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