Trintech Releases Case Study – How International Food Retailer Delhaize Implemented AssureNET GL

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Trintech's Unity AssureNET GL Helped Delhaize Eradicate Manual Spreadsheets, Increase Control and Drive Process Efficiency

AssureNET GL
“AssureNET GL allows Delhaize Belgium to have greater visibility and control over our financial statements... to ensure consistency and data quality, while reducing the work load associated with our monthly reconciliation work."

Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance, released a detailed case study illustrating how international food retailer Delhaize Group has implemented its AssureNET GL software for financial process compliance. AssureNET GL is a component of Trintech’s Unity platform, a suite of modular software that empowers companies to automate their Last Mile of Finance to increase efficiency, improve visibility, shorten cycle times, lower costs, and reduce risk.

To preview the case study, go HERE.

“AssureNET GL allows Delhaize Belgium to have greater visibility and control over our financial statements across all companies in our scope. This enhances our ability to ensure consistency and data quality, while reducing the work load associated with our monthly reconciliation work. AssureNET GL is an integral component of our Comprehensive Accounting Excellence program,” said Laurent Carlier, Financial Accounting & Control Manager Delhaize Belgium.

Delhaize selected Trintech’s Unity AssureNET solution to increase control and visibility of the GL reconciliation and to improve efficiencies through automation. The Unity AssureNET solution allows the company to:

  • Remove the high level of manual spreadsheets used in the preparation and review process of the GL
  • Define accountability and ownership and align to responsibilities and tasks
  • Provide real-time visibility of status and controls
  • Better comply with the internal audit requirements
  • Sustain a single central repository for supporting documentation
  • Detect, flag and resolve issues early in the process

“We are very pleased to have Delhaize join Trintech's growing group of Fortune Global 500 clients. AssureNET GL has provided Delhaize Belgium with a powerful and tailored solution for its accounting control operations, turning what was a complex and inefficient spreadsheet based exercise into a vital management tool, reducing error and enhancing productivity,” said Tony Bethell, Trintech Vice President, EMEA.

Delhaize Group is a Belgian international food retailer active in six countries and present on three continents through its different banners. Delhaize Group’s stock is listed on Euronext Brussels and the New York Stock Exchange. At the end of 2010, Delhaize Group’s sales network consisted of 2,800 stores, with 805 stores in Belgium & Luxembourg. Delhaize Belgium posted at the end of 2010, EUR 4.8 billion in revenues and employed more than 17,000 people. For more on Delhaize Group, go to: http://www.delhaizegroup.com.

About Trintech:

Trintech is the leading global provider of integrated software solutions for the Last Mile of Finance. From the time a transaction occurs to the time financial statements are issued, Trintech’s innovative Unity Suite automates data collection, account reconciliation, financial close management, financial reporting, XBRL, and financial control testing. As a result, our 600 clients and 100,000 users worldwide benefit from an enterprise wide view into critical financial processes, and are able to increase efficiency, improve visibility, shorten cycle times, lower costs, and reduce risk.

As a result, our 600 clients and 100,000 users worldwide benefit from an enterprise wide view into critical financial processes, and are able to increase efficiency, improve visibility, shorten cycle times, lower costs, and reduce risk.

Trintech clients represent 50% of the Fortune 50 and nearly 25% of the Fortune 500 representing retailers, manufacturers, financial institutions and healthcare providers globally. Trintech clients include Intel, Google, Microsoft, RR Donnelley, Regis Corporation, Walmart, O2, Blackstone, BAE Systems, Skype, HSBC and Toyota Financial Services.

Spectrum Equity Investors acquired Trintech in a take-private transaction in December, 2010. For more information on how Trintech can help you transform your Last Mile of Finance, please contact us online at http://www.trintech.com or at our principal business office in Dallas, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.

-Trintech • 15851 Dallas Parkway, Suite 900 • Addison, TX 75001 • Tel 1 972 701 9802
-Trintech UK, Ltd. • 2nd Floor • 4-6 Throgmorton Avenue • London EC2N 2DL • Tel: +44 (0) 20 7628 5235
-Trintech Technologies Limited • Suite 13B, Classon House, Dundrum Business Park • Dublin 14, Ireland • Tel +353 1 298 4472
-Trintech • Cypresbaan 9 • 2908 LT Capelle a/d Ijssel, The Netherlands • Tel +31 (0) 10 8507 474

Follow Trintech on Twitter: @TrintechInc

Trintech Press Contacts:
EMEA: Carol Orr – Marketing Manager
Phone: +1 +44 (0) 207 382 0490 - Email: carol.orr(at)trintech(dot)com

Dallas: Patrick Ferguson – Marketing Manager
Phone: +1 972 739 1617 - Email: patrick.ferguson(at)trintech(dot)com

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Trintech Transforming the Last Mile of Finance