Trintech Group Plc a provider of financial reconciliation, workflow, transaction risk management, and compliance software has announced the availability of ReconNET 7.4 . the latest release in its integrated suite of Financial Governance software. The newest version of Trintech says the reconciliation and account balancing application will help clients further streamline reconciliation workflow; reduce resource allocation to the reconciliation and exception management process; improve auditing, documentation, and internal control; and speed exception management resolution.
ReconNET 7.4 extends its ability to allow users to automate, monitor, and document the effectiveness of the account reconciliation process. The new account reconciliation lockdown features let clients close or "lockdown" specific time periods to ensure complete integrity throughout the accounting, reconciliation and financial governance process.
It also incorporates support for current versions of Oracle and Microsoft databases and the Microsoft Windows Vista operating system. Additional new functionality is provided to support the complex nature of global enterprise accounting and financial governance practices, including new purge functionality, enhanced search capabilities, extended system management and administration functions, and transaction matching features to improve integration and reporting with general ledger systems.
Trintech says t hese new features will save clients valuable time while improving overall usability and controls over the reconciliation process. ReconNET automates complex daily, monthly, and periodic accounting processes, and is ideal for organizations with high-volume or complex transaction matching, exception identification, and operational risk management requirements.
Commenting on the release, John Harte, EVP and General Manager for Trintech says, "This release of the solution will increase customers' ability to improve operational efficiencies; more effectively manage risk; and achieve a measurable return on their investment."
