Trintech, the leading global provider of integrated Record-to-Report software solutions for the office of finance, has partnered with Balance Innovations, the leading developer of reconciliation and cash office management solutions for the retail industry. Both companies are market leaders in financial reconciliation in their respective areas of focus and already share many customers today. The partnership is designed to offer a comprehensive reconciliation solution to provide visibility from the point of sale to the corporate level.
“As leaders and experts in the retail reconciliation space, both Balance Innovations and Trintech provide retailers with solutions to help them better run their businesses,” said Mark Kohlrus, COO/CFO for Balance Innovations. “Our solutions complement each other. We focus on reconciliation down to the till level, and they provide it at the corporate level. We also have mutual clients, and there may be some future opportunities to provide them additional automation and value.”
Paul Byrne, Trintech CEO added, “By having Trintech automation at the corporate level and Balance Innovations at the store level, this creates the best of both worlds for customers with a complete, end-to-end view from the point of sale to the time a deposit is received at the bank and reconciled. Furthermore, Balance Innovations and Trintech are established leaders in the retail sector and understand the unique needs of retail companies.”
Both companies will be attending National Retail Federation’s upcoming Annual Convention & EXPO known as "Retail's BIG Show,” which will be held in New York City. Representatives from Balance Innovations and Trintech will showcase financial solutions they currently deliver to some of the largest retailers in the world.
2015 NRF's Annual Convention & EXPO
January 11-13,
2015
Jacob K. Javits Convention Center
New York
City, NY
BOOTH: #1753
About Balance Innovations
Balance Innovations is the leading developer of reconciliation and cash office management solutions for the retail industry. Our solutions integrate seamlessly with existing POS technologies to simplify and improve retailers' cash office management operations. Balance Innovations' premier product, VeriBalance, is an easy-to-use software solution that is helping retailers across the United States and Canada increase profitability and improve operations by reducing labor, bank fees and shrink, while standardizing and enforcing best practices and corporate policies. Other products include: vbEPIX™, an electronic check processing solution; vbSecure™, an electronic-safe management product; vbScout™, a self-checkout management tool; and vbInSight™, a corporate reporting product. Customers range from independent grocers to Fortune 50 retailers. For more information, visit www.balanceinnovations.com.
About Trintech
Trintech is the leading provider of 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 Cloud-based Cadency® software manages all aspects of the financial close – including automating and managing balance sheet reconciliation, journal entries, governance, risk and compliance, and financial reporting. ReconNET™ streamlines daily operational reconciliations such as bank and credit card transactions. Trintech 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.
