Trintech enables PPG to leverage GL reconciliation efficiency by implementing UNITY AssureNET

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PPG Industries Europe has selected and successfully implemented Trintech’s AssureNET solution to improve its balance sheet reconciliation process.

Tony Bethell, Trintech Vice President, EMEA

AssureNET provides standardization in a scalable, flexible solution and will enable PPG to measure performance and facilitate compliance in a global SSC delivery model.

Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance, is pleased to announce that PPG Industries Europe has selected and successfully implemented Trintech’s AssureNET solution to improve its balance sheet reconciliation process. AssureNET 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.

PPG Industries Europe businesses drivers were:

  •     Improve visibility
  •     Consolidate & standardize the GL process in EMEA
  •     Increase efficiencies & shorten cycle times
  •     Implement operational controls
  •     Automate reconciliations, balance sheet close, financial reporting & compliance processes
  •     Leverage efficiencies for value added activities & employee satisfaction
  •     Managed Hosted Solution

PPG Industries Europe selected Trintech after a thorough review of the market and RFP process. Michal Svec, SSC GL Manager, PPG stated “We were looking for an established partner with a proven track record and a strong presence in Europe. Our solution needed to be user-friendly, fit our requirements, integrate with our IT landscape (Oracle and SAP) and provide a swift and smooth implementation.” Trintech engaged professionally and consistently with the PPG team in Brno, Geneva and Amsterdam throughout the sales process. Trintech’s continued participation at industry led shared service centre events in Europe and positive references comforted us in our choice. PPG also selected the managed hosting services of Trintech in support of their IT Team.

According to Michal Svec, the Account Reconciliation project has met the expectations “At PPG Industries Europe, we replaced in 3 months the existing manual processes and spreadsheets with a single web platform. And one month after the AssureNET go-live, PPG Industries Europe Shared Service Center gained efficiency improvements in General Ledger to Sub-Ledger reconciliations and experienced major improvements in the controlling of process completeness.”

This enabled PPG Shared Service Centre in Czech Republic to increase their levels of service to the wider PPG organization.

“Trintech’s AssureNET enabled us to re-engineer our business and deliver a streamlined, standard process across all countries, providing the ability to tighten controls and deliver a single process in EMEA region. The 50 user strong team is now reconciling more efficiently and effectively. Without the automation and control of the AssureNET solution PPG would not have been able to meet one of the key project goals which was to improve managerial visibility into the balance sheet reconciliations” said Rob Jongbloed, Corporate & Regional Business Controller, EMEA, PPG Industries Europe.

“PPG is a leader in its markets; is a streamlined, efficient manufacturer; and operates on the leading edge of new technologies and solutions. With manufacturing facilities and equity affiliates in more than 60 countries around the globe they needed a solution that could grow with the business,” said Tony Bethell, VP EMEA. “AssureNET provides standardization in a scalable, flexible solution and will enable PPG to measure performance and facilitate compliance in a global SSC delivery model.”

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 650 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.

More than 100,000 finance professionals in 41 countries rely on Trintech. Trintech clients include 50% of the Fortune 50 and nearly 25% of the Fortune 500 representing retailers, manufacturers, financial institutions and healthcare providers globally. Clients who have placed their trust in Trintech include Google, Microsoft, Coca Cola Enterprise, Ericsson, Walmart, O2, Blackstone, BAE Systems, HSBC and Toyota Financial Services. To better serve our global client base, Trintech offices are located in the United States, the United Kingdom, The Netherlands, France and Ireland, with partners in South Africa, Latin America and across the Asia Pacific region. For more information on how Trintech can help you transform your Last Mile of Finance, please contact us online at http://www.trintech.com.

About PPG:
With $13.4 billion Sales in 2010 and 38.300 employees in more than 60 countries around the globe, PPG Industries is the world’s leading coatings and specialty products and services company, serving customers in construction, consumer products, industrial and transportation markets and aftermarkets. PPG Industries is a streamlined, efficient manufacturer; and operates on the leading edge of new technologies and solutions.

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Carol Orr
Trintech, Inc.
+44 (0) 207 638 5235
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