Trintech Company Market Research Report
Company Overview
Name: Trintech, Inc.
Mission: To give people time back for what matters most by automating reconciliation and financial close processes.
Founded: 1987
Founders: No information is available
Key People:
- Darren Heffernan – Chief Executive Officer
- Omar Choucair – Chief Financial Officer
- Mekaela Davis – Chief Partner Officer
- Piotr Marczewski – Chief Commercial Officer
- Sunil Padiyar – Chief Technology Officer
- Toni Perrier – VP, Office of the CEO
- Heather Randall – SVP, General Counsel
- Michael Ross – Chief Strategy and Product Officer
- Tamir Sigal – Chief Marketing Officer
- Scott Vipond – Managing Director, EMEA
- Leo Yancey – Chief Customer Officer
Headquarters: 5600 Granite Parkway, Suite 10000, Plano, TX 75024
Number of Employees: 201-500 employees
Revenue: No information is available
What the Company Is Known For: Trintech is known for its industry-leading cloud-based software solutions that automate reconciliation and financial close processes, improving efficiency, mitigating risk, and empowering strategic decision-making in finance and accounting organizations.
Products
1. Adra Suite:
- Description: Adra comprises various modules designed to automate financial close processes for mid-market organizations.
- Key Features:
- Automated Reconciliations: Reduces manual effort by automating the reconciliation process.
- Transaction Matching: Matches transactions across multiple sources quickly.
- Close Task Management: Ensures all close tasks are completed timely and accurately.
- Dashboard and Reporting: Provides visibility into the financial close process.
2. Cadency Suite:
- Description: Cadency offers a comprehensive financial close solution aimed at large enterprises, providing control and visibility throughout the financial close process.
- Key Features:
- Balance Sheet Reconciliations: Ensures accuracy in financial statements.
- Journal Entry Management: Automates and controls the journal entry process.
- Compliance and Controls: Mitigates risk through streamlined compliance checks.
- Analytics and Reporting: Offers real-time insights through dashboards and reports.
3. CadencyDirect on ServiceNow:
- Description: The only native built application for the ServiceNow platform designed specifically for the unique needs of the Office of the CFO.
- Key Features:
- Automated Financial Close Processes: Extends into the Now Platform® to enable native workflows and triggers.
- Intercompany Accounting: Manages complex intercompany transactions.
- Risk and Compliance Management: Ensures robust control frameworks.
4. Reconciliation and Financial Close Services:
- Description: Offers consultancy and advisory services aimed at optimizing financial close processes.
- Key Features:
- Implementation Support: Helps firms deploy and integrate Trintech’s solutions.
- Customization: Tailors platforms to unique company needs.
Recent Developments
Recent Developments:
1. Technology Partnership with SAP®:
- Description: Trintech’s certified technology partnership with SAP® aims to solve unique problems for SAP® customers by automating critical financial close activities that typically sit outside of the ERP.
2. Expansion in India Operations:
- New Center in Bengaluru: Trintech expanded its India operations with a new center in Bengaluru and appointed Ram Dwivedi as Country Manager.
3. G2 Leader Recognition:
- Awards: Trintech has consistently received high rankings on G2’s Financial Close Software grids.
New Products Launched:
1. CadencyDirect on ServiceNow:
- Description: Launched as the only native financial close automation app on the ServiceNow platform.
New Partnerships:
1. Workday Partnership:
- Description: Trintech partnered with Workday to offer a unified solution that bridges the gap between accounting and finance for better decision-making.
2. Accenture and Trintech Collaboration:
- Description: Collaboration with Accenture to drive global process standardization and operational efficiency for clients like Coty.
Enhancements to Existing Products:
1. Integration Hub for ServiceNow:
- Description: Enhanced with bi-directional capabilities to bring finance and accounting into workflows and business processes of the entire enterprise.
2. AI and Machine Learning Initiatives:
- Description: Continuously innovating with AI and ML to further automate risk management, reporting, reconciliations, and other repetitive tasks.
This completes the detailed company-focused market research report on Trintech.