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PRESS RELEASE: Trintech and XACCT Partner to Help Mid-Sized Organizations Streamline and Automate the Financial Close Process

02/23/2021 | 04:02am EDT
DGAP-News: Trintech, Inc. / Key word(s): Alliance 
Trintech and XACCT Partner to Help Mid-Sized Organizations Streamline and Automate the Financial Close Process 
2021-02-23 / 10:00 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Trintech and XACCT Partner to Help Mid-Sized Organizations Streamline and Automate the Financial Close Process 
Trintech's Adra Solution Added to XACCT's Financial Solution Technology Portfolio for BPO 
DALLAS & OSLO - February 23rd , 2021 - Trintech, a leading global provider of integrated Record to Report software 
solutions for the office of finance, and XACCT Accounting AS, a leading BPO provider in Norway, today announced a 
strategic partnership to help mid-sized organizations streamline the financial close process by automating key 
processes and ensuring better internal controls. As a result of this partnership, XACCT will offer Trintech's Adra 
Suite as part of its financial solutions technology portfolio for Business Process Outsourcing (BPO). "Mid-sized 
organizations now see outsourcing as a smart and viable option to optimize business processes and ultimately improve 
the bottom line. Our customers choose to partner with us to not only take on the cumbersome processes within the 
Finance & Accounting function, but also to add value to their business by innovating on those processes with 
leading-edge technology," said Taher Karim, Director at XACCT. "With Trintech's Adra solution, our customers will be 
able to quickly and efficiently manage the financial close process, while maintaining greater visibility and tighter 
controls to mitigate risk across their processes." "Together, Trintech and XACCT have experience leading digital 
finance transformations for thousands of finance organizations," said Lars Owe Nyland, Managing Director, Europe at 
Trintech. "This new enhanced BPO offering, utilizing the Adra Suite, enables mid-sized companies to achieve levels of 
efficiency during the financial close process that was simply not possible until now. The combined offering promotes 
higher productivity, saves time, mitigates risk and significantly improves resource optimization." With this strategic 
partnership, both XACCT and Trintech are looking forward to developing their relationship and creating a framework for 
onboarding future XACCT clients. "We see significant savings and increased control when our clients move from 
spreadsheet templates to the Adra solution," continued Karim. "We are excited to bring this offering to our XACCT 
clients, both in Norway and internationally." ### About Trintech Trintech Inc., a pioneer of Financial Corporate 
Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, 
cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction 
matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, 
intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and 
compliance - Trintech's portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted 
tools, ReconNET(TM), T-Recs(R) , and UPCS(R) , help manage all aspects of the financial close process. Over 3,500 
clients worldwide - including the majority of the Fortune 100 - rely on the company's cloud-based software to 
continuously improve the efficiency, reliability, and strategic insights of their financial operations. Headquartered 
in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, 
Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and the 
Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and 
Twitter. About XACCT XACCT Accounting AS is a leading provider of accounting and payroll services in Oslo, Norway. Our 
vision is to be a leading partner for digital transformation and streamlining of the finance function, by employing the 
best people, choosing the right technologies, and by having a steady focus on simplification in everything we do. Our 
main industries are technology, banking, finance, insurance and retail. We're experts on internationalization and serve 
Norwegian clients on all continents. We deliver our services on market-leading cloud-based solutions, such as Microsoft 
Business Central, Xledger and Visma Payroll. To learn more, visit www.xacct.no and connect with us on LinkedIn. 
Media Contact: Kristina Pereira Tully Vested 650-464-0080 trintech@fullyvested.com 
XACCT Accounting AS Taher Karim +47 988 81 804 taher.karim@xacct.no 
=---------------------------------------------------------------------------------------------------------------------- 
2021-02-23 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 

1170214 2021-02-23

(END) Dow Jones Newswires

February 23, 2021 04:01 ET (09:01 GMT)

Stocks mentioned in the article
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DOW JONES AFRICA TITANS 50 INDEX 0.07% 527.21 Delayed Quote.-0.10%
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S&P AFRICA 40 INDEX -0.28% 169.54 Delayed Quote.-1.79%
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