Canada's Agrium Inc. Selects Trintech's AssureNET GL to Automate General Ledger Reconciliation
July 23 2007 - 8:00AM
PR Newswire (US)
DALLAS, and DUBLIN, Ireland, July 23 /PRNewswire-FirstCall/ --
Trintech Group Plc (NASDAQ:TTPA), a leading provider of financial
software and technology services specializing in transaction
verification, reconciliation management, process automation, and
compliance, today announced that Agrium Inc. has selected AssureNET
GL to automate and streamline their general ledger reconciliation
process. Agrium, performing more than 1,500 reconciliations per
month, will use AssureNET GL for general ledger reconciliation,
reviews and approvals, variance analysis, manual journal entry
review and approval, and closing process tasks and activities.
Calgary-based Agrium Inc. (NYSE: AGU; TSX) is the largest
agricultural retailer in the United States, operating more than 400
retail farm centers, across 25 states with another 30 facilities in
Argentina and Chile. The company also produces and distributes
nitrogen, phosphate and potash fertilizers, as well as controlled
release products and micronutrients through its Advanced
Technologies Business Unit. AssureNET GL will automate GL
reconciliation, review and certification processes for
approximately 75 users. The accounting compliance software will be
used to assign reconciliation and review responsibilities,
schedules, and formats for individual accounts or groups of
accounts. For organizations that want to standardize the format of
reconciliations without sacrificing flexibility, this functionality
is highly valuable. "We're very happy to have been selected by
Agrium. Our presence in the Canadian market demonstrates that we
can provide superior products and services to customers in this
important financial region," said John Harte, General Manager for
Trintech. "AssureNET GL takes an extremely important reconciliation
process and enhances its comprehensive reporting capabilities."
About Agrium Inc. Agrium Inc. is a major Retail supplier of
agricultural products and services in North and South America, a
leading global Wholesale producer and marketer of all three major
agricultural nutrients and the premier supplier of specialty
fertilizers in North America through our Advanced Technologies
business unit. Agrium's strategy is to grow across the value chain
through acquisition, incremental expansion of its existing
operations and through the development, commercialization and
marketing of new products and international opportunities. Our
strategy places particular emphasis on growth opportunities that
both increase and stabilize our earnings profile in the continuing
transformation of Agrium. About Trintech Group Trintech Group Plc
(NASDAQ:TTPA) is a leading global provider of financial software
and technology services specializing in transaction verification,
reconciliation management, process automation and compliance for
commercial, financial and healthcare markets. For over 20 years,
Trintech has been providing comprehensive, industry-leading
solutions to financial departments seeking greater insight into
critical transaction processes. Trintech delivers a configurable,
highly scalable platform that incorporates a company's unique
business logic, enabling managers to obtain greater visibility and
more efficiently manage business risk throughout the transaction
lifecycle. Trintech's transaction management solutions include:
ReconNET for high volume transaction reconciliation; AssureNET GL
for general ledger reconciliation and certification; Treasure eNET
for cash management; Bank Fee Analysis; and the DataFlow
Transaction Network for data collection and delivery. Five hundred
leading companies across a variety of industries rely on Trintech
products and services. Clients include: North Fork Bank, 7-Eleven,
Kroger, Regal Entertainment, Accor, UPMC, Farmer's Insurance Group,
YUM! Brands Restaurants, Rohm and Haas, Verizon Wireless, and
Ameren. Trintech's principal business office is in Dallas, Texas,
with international offices in Ireland, the United Kingdom and the
Netherlands. Trintech can be reached at 15851 Dallas Parkway, Suite
900, Addison, TX 75001 (Tel 1.972.701.9802). Trintech's corporate
office can be contacted at Trintech Technologies, Block C, Central
Park, Leopardstown, Dublin 18, Ireland (Tel 353.1.293.9840). For
more information, please visit http://www.trintech.com/. Trintech
Press Contact: Dallas: Donna Martinez, Marketing Communications
Manager, Trintech Tel. +1 972 739 1611. email: DATASOURCE: Trintech
Group Plc CONTACT: Donna Martinez, Marketing Communications Manager
of Trintech, +1-972-739-1611, Web site: http://www.trintech.com/
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