Leading Global Food Retailer to Take Control of Entire Accounting Close
Process with Trintech's AssureNET GL
LONDON and DUBLIN, Ireland, Sept. 24 /PRNewswire-FirstCall/ -- Trintech Group Plc (Nasdaq: TTPA), a leading provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide, today announced Delhaize Group (NYSE: DEG) has selected AssureNET GL to shorten close cycles, reduce risk, and eliminate paper-based evidence binders. AssureNET GL will also help Delhaize Group better satisfy Sarbanes-Oxley compliance requirements.
The Belgian food retailer, Delhaize Group, operates approximately 2,500 stores under several banners in the US and seven countries in Europe and Asia. At home, Delhaize Belgium runs 723 stores under banners such as Delhaize, AD Delhaize, Proxy Delhaize, and Tom & Co.
"We chose AssureNET GL to help us streamline our accounting lifecycle, and provide us with visibility into the status of the control across our enterprise," said Olivier Indervuyst, General Accounting Manager, Delhaize Belgium. "We believe that once the system is implemented, it will not only satisfy compliance requirements, but reduce costs associated with those efforts."
AssureNET GL manages the entire account reconciliation process, including tracking, preparation, review, and post-review quality control assessment. The general ledger reconciliation and certification solution will help Delhaize Group standardize transaction processes across their enterprise, control the entire close process, verify work in remote locations, and increase efficiency, reliability, and confidence.
"Delhaize Group has a long-standing history of strength and stability interconnected with industry-leading efficiency. We're very pleased they recognized AssureNET GL as an agile accounting compliance solution that can adapt to change and leverage efficiencies," said John Harte, EVP and General Manager for Trintech. "Trintech continues to expand its delivery of best-of-breed solutions to European customers that need to compete in today's complex world."
About Delhaize Group
Delhaize Group is a Belgian food retailer present in seven countries on three continents. At the end of June 2007, Delhaize Group's sales network consisted of approximately 2500 stores. In 2006, Delhaize Group posted EUR 19.2 billion (USD 24.1 billion) in net sales and other revenues and EUR 351.9 million (USD 441.8 million) in net profit. At the end of June 2007, Delhaize Group employed approximately 139,000 people. Delhaize Group is listed on Euronext Brussels (DELB) and the New York Stock Exchange (DEG).
About Trintech Group
Trintech Group Plc (Nasdaq: TTPA) is a leading provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide. Trintech's recognized expertise in reconciliation underpins its suite of financial governance solutions, enabling businesses to address critical business objectives leading to more informed decision making and better overall business performance.
Over 500 leading global organizations, including -- North Fork Bank, 7-Eleven, Kroger, Regal Entertainment, Accor, UPMC, Farmer's Insurance Group, YUM! Brands Restaurants, Rohm and Haas, Verizon Wireless, and Ameren -- realize the benefits of Trintech's configurable and highly scalable solutions everyday to: improve performance through stronger management of the revenue cycle and disbursements; ensure the accuracy and integrity of financial data; identify and reduce transaction risk; improve the quality and timeliness of financial reporting; and strengthen internal controls to support compliance requirements.
For more information on how Trintech can help you gain greater visibility and control of your critical financial processes, please contact us online at http://www.trintech.com or at our principal business office in Addison, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.
Trintech Press Contact:
Dallas: Donna Martinez, Marketing Communications Manager, Trintech
Tel. +1 972 739 1611. email:firstname.lastname@example.org
|SOURCE Trintech Group Plc|
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