The resulting efficiencies in document management, XBRL tagging, and compliance reporting will help businesses produce more compliant and accurate financial statements in a shorter amount of time.
Toronto, ON, Dublin, Ireland & Dallas, TX (PRWEB) November 1, 2010
Longview Solutions, a leading provider of corporate performance management and tax provisioning software and Trintech Group Plc (NASDAQ: TTPA), a leading global provider of integrated financial governance, risk management and compliance (GRC) software solutions, announced today that they have partnered to launch Longview FXR, a new product helping businesses to fulfill the burgeoning reporting requirements mandated by the SEC, HMRC and other regulatory agencies. Powered by Trintech technology, Longview FXR integrates with Longview's CPM suite to offer companies a holistic compliance and financial reporting solution, including the ability to tag and file Statutory Filings and other financial disclosures with eXtensible Business Reporting Language (XBRL).
"We are delighted that Longview Solutions has chosen to power Longview FXR with Trintech technology," said John Harte, Trintech's General Manager. "Integration with Longview Consolidation allows existing Longview customers to now automate critical "last mile" financial close and reporting processes in a single system. The resulting efficiencies in document management, XBRL tagging, and compliance reporting will help businesses produce more compliant and accurate financial statements in a shorter amount of time."
Longview FXR enables customers to streamline efforts with an embedded financial close and reporting tool to automate key data aggregation, validation, workflow, review and approval processes during the critical "last mile of Finance". Built-in validation features reduce the errors associated with manual financial reporting efforts, and a dashboard-driven management interface allows businesses to more efficiently manage dependent tasks.
"Management of the XBRL Reporting and Financial Close processes has become a critical-path task for large corporations," said John Power, President, Longview Solutions. "Longview's partnership with Trintech offers our customers the combined knowledge, expertise and product capabilities of two market leaders mutually committed to the Office of Finance."
Longview customers will benefit from the robust features contained in this web-based solution, regaining control of the "last mile of Finance". By leveraging an in-house solution rather than relying on expensive external service providers, Longview clients will:
- Improve efficiency (save time) and accuracy in financial reporting
- Roll forward XBRL tags and automate other error-prone manual tasks
- Reduce or eliminate errors with built-in validation capabilities
- Gain time to remediate prior to filing
- Streamline processes with a web-based, embedded approach to XBRL Statutory Filings
An added benefit for customers is that Longview FXR seamlessly integrates with Longview's Financial Consolidation capabilities. Clients seeking further continuity and accuracy of the financial data populating their disclosure tables, audit trail and validation rules now have the ability to re-use systemic controls already built into the reporting process.
Longview FXR became available October 5, 2010 with limited time introductory pricing and is currently being deployed by a number of Longview clients. Trintech and Longview hosted a joint product education and demonstration webinar last week, which can be viewed online at: http://w.on24.com/r.htm?e=250337&s=1&k=B0FCB41AB62ED69E932424A781B928E6.
Trintech's Unity Financial GRC Platform, which powers the Longview FXR solution, is a suite of software modules enabling companies to increase the accuracy and transparency of financial reporting, reduce operational costs, shorten accounting cycle times, reduce the risk of material weaknesses and fully comply with financial regulations and compliance requirements.
About Longview Solutions
Longview Solutions provides corporate performance management (CPM) and tax provisioning software that leading companies such as Trustmark, Time Warner, Home Depot, Eaton, Welch's, and Integrys use to drive performance with speed, visibility and financial integrity. Since 1994, many of the world's most respected companies have been using Longview to create a single repository of financial truth from which all, or any one of the following key financial processes can be performed: Financial Planning, Budgeting, Forecasting, Modeling, Statutory and XBRL Reporting, Financial Consolidation, Management Reporting and Tax Provisioning. Longview is an Exact company headquartered in Toronto, Canada with regional offices in Philadelphia, Chicago (USA) and London (UK).
For more information, visit http://www.longview.com or contact:
About Trintech Group
Trintech Group Plc (NASDAQ: TTPA) is a leading global provider of integrated financial governance, risk management, and compliance (GRC) software solutions for commercial, financial, and healthcare markets. Trintech's recognized expertise in reconciliation process management, financial data aggregation, financial close and reporting, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.
For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at http://www.trintech.com or at our principal business office in Addison, 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. • Warnford Court, 29 Throgmorton St. • London EC2N2AT, UK • Tel +44 (0) 20 7628 5235
Trintech Technologies • Block C, Central Park • Leopardstown, Dublin 18, Ireland • Tel +353 1 293 9840
Trintech • Cypresbaan 9 • 2908 LT Capelle a/d Ijssel, The Netherlands • Tel +31 (0) 10 8507 474
Trintech Media Contact:
Dave Tomlinson - (972) 739-1611
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