Delhaize Group Selects Trintech's AssureNET GL to Improve Compliance Process ...( Leading Global Food Retailer to Tak...),Health

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
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