Industry leaders in financial software announce new services for Business Process Outsourcing with cloud-based Record to Report (R2R) solution
London, UK & Dallas, TX – 18 February, 2015 – Trintech, the leading global provider of integrated Record-to-Report software solutions for the office of finance, today announced that it and Capgemini have extended their relationship with a new agreement that facilitates the inclusion of Trintech’s Cadency® solution into the Capgemini Business Process Outsourcing (BPO) product stack. This solution will enable automation of best practices within the Record-to-Report process. Additionally, the agreement includes deployment of Cadency across Capgemini’s subsidiaries and internal departments. This latest development builds on the successful collaboration between Capgemini and Trintech which has resulted in increased efficiency to many initiatives around the Office of Finance.
This move underlines the current global finance trend of moving to a “holistic” solution to address the Record-to-Report (R2R) process in favour of using less than optimal point solutions and demonstrates Capgemini’s commitment to provide continuous innovation around “best-in-class” solutions to the most pressing challenges facing their customers and finance departments today. Existing clients of the Trintech and Capgemini partnership will gain additional benefits as Capgemini expands its expertise of the Trintech R2R offering.
Robert Michlewicz, Executive Vice President at Trintech commented, “Together Trintech and Capgemini have combined experience in working with thousands of global finance organisations. This new enhanced BPO offering delivers a solution that enables our clients to achieve levels of efficiency during the financial close that until now, were not possible. This increased efficiency promotes a faster close, reduces errors, saves time, reduces risk, improves visibility and significantly improves resource optimisation.”
This partnership will enable Capgemini to extend R2R capabilities across all internal and external clients with a dedicated joint team collaborating to make Capgemini and its BPO clients the most efficient and effective in the R2R process.
Trintech is the leading provider of cloud-based financial software solutions for the Record-to-Report process. Over 800 clients in 100 countries – including half of the Fortune 50 and the FTSE 100 – rely on our solutions to optimize resources, reduce costs, manage risk and monitor activities across the entire finance organization worldwide. Trintech’s Cadency™ software manages all aspects of the financial close – from automating and managing balance sheet reconciliation, journal entries, to governance, risk and compliance, and financial reporting. ReconNET™ streamlines daily operational reconciliations such as bank and credit card transactions. Trintech’s has offices located across the US, UK, Australia, France, Ireland, the Netherlands and the Nordics, with partners in South Africa, Latin America and across the Asia Pacific region. www.trintech.com.