Trintech Group Strengths, Domain Expertise, and Key Differentiators
Trintech stands out in the Enhanced Finance Controls and Automation (EFCA) software domain, optimizing the Record to Report process. The comprehensive System of Financial Controlsâ„¢, unveiled through releases like Cadency 8.0, underlines Trintech's commitment to innovation, offering support for transaction reconciliation, journal entry, and seamless integration with the finance office's software ecosystem. The strategic partnership with Wipro in 2018 showcases Trintech's prowess in simplifying and automating business finance functions.
Trintech Group Recent Developments
In August 2022, Trintech provider of cloud-based financial close solutions for the Office of Finance, announced the latest release of CadencyDirect which extends digital workflows for the Office of Finance with new bi-directional workflows for close tasks, enhanced Journal Entry management capabilities, and a greater user experience.
In October 2021, Trintech announced the latest release of CadencyDirect which now integrates into ServiceNow’s GRC solution to help customers strengthen their compliance frameworks and drive better risk-informed decisions across the enterprise. A key capability delivered with this release includes the ability for critical financial close tasks and issues to trigger notifications and workflows throughout the enterprise within the Now Platform. With this capability, along with the integration to GRC, Trintech and ServiceNow are enabling digital transformation that reduces the risk to the global enterprise market.
In March 2021, Trintech announced several key product enhancements to help large enterprises reduce the time spent on tasks and drive greater efficiencies in their month-end workflows. With the latest release of Trintech’s Cadency Platform, finance and accounting professionals can elevate their financial automation with highly configurable and transparent workflows, integrated connector enhancements, and extended scalability and automation with new Smart Bots and ERP Bot enhancements.
In May 2020, Trintech launched Adra Analytics, extending the reporting capabilities of its Adra Suite. This solution ensures companies have full visibility into their financial data in one consolidated location, giving them a one-stop-shop for all their financial reporting needs.
In January 2020, Trintech released Cadency 8.0. The latest update to Cadency’s comprehensive System of Financial Controls™ offers new, innovative support for transaction and account reconciliation, journal entry, audit preparation and integration with the office of finance’s software ecosystem.
In March 2018, Trintech and Wipro, a global information technology, consulting and business process services company, partnered to deliver digital solutions that help simplify and automate business finance functions at enterprises. As a strategic partner, Wipro will offer its clients Trintech's portfolio of financial solutions, which encompass high-volume transaction matching, balance sheet and intercompany reconciliations, journal entries, financial close task management, disclosure and fiduciary reporting, and compliance management.
In 2019, Trintech released Cadency 7.0, the latest update to its system of controls for the entire Record to Report (R2R) process.
Trintech Group Mergers and Acquisitions (M&A) Activities
In July 2023, Trintech announced its acquisition of Frontier Reconciliation and Accurate Reconciliation from Fiserv. Serving customers across multiple verticals including financial services, telecommunications, retail, insurance and utilities, the acquired reconciliation business will act as a springboard for innovation, expanding Trintech’s accounting automation platform.
In November 2017, Trintech acquired Adra Software, a leading provider of financial close and reconciliation software for the European marketplace. With this acquisition, Trintech broadens its portfolio of best-in-class financial solutions to better meet the needs of its existing and prospective customers across the globe. In addition, Adra Software's strong local customer success expands Trintech's European presence, making it the clear Record to Report solution provider in the European market. The combined company will operate under the name Trintech.
Trintech Group Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Trintech Group applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Trintech Group and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Cadency Platform, Adra Suite, ReconNET™, T-Recs, UPCS customers.
Trintech Group Overview
5600 Granite Parkway, Suite 10000
Plano, TX, 75024, United States
1 972-701-9802
https://www.trintech.com/
Ownership: - Summit Partners
Number of Employees: 430
Functional Markets: ERP Financial, ERP Services and Operations, TRM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Trintech Group Key Enterprise and Cloud Applications
Cadency Platform, Adra Suite, ReconNETâ„¢, T-Recs, UPCS
Trintech Group Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Trintech Group Revenue Breakdown By Type, $M:
Trintech Group Enterprise Applications Revenues By Functional Markets, $M:
Trintech Group Enterprise Applications Revenues By Verticals, $M:
Trintech Group Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Trintech Group Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Trintech Group Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Trintech Group Customers
No. of Trintech Group Customers: 4200
No. of Trintech Group Enterprise Applications Customers: 4200
No. of Trintech Group Cloud Customers: x
No. of Trintech Group Cloud Subscribers: x
Boasting a clientele of over 4,200 worldwide, Trintech's impact is felt across Fortune 100 companies, including Microsoft, Siemens Corporation, HP, and Verizon Wireless. The acquisition of Frontier Reconciliation and Accurate Reconciliation adds over 400 blue-chip clients to its portfolio, including major players in the U.S. financial landscape.
Trintech Group Market Opportunities, M&A and Geo Expansions
Amidst the surge in digital transformation, Trintech's integration into ServiceNow's GRC solution presents an opportunity to reduce risks for the global enterprise market. The acquisition of Fiserv's reconciliation business acts as a springboard for innovation, enabling Trintech to further enhance its accounting automation platform and offer differentiated solutions across key global markets.
Trintech Group Risks and Challenges
Navigating internal and external risks, particularly in implementing digital solutions across diverse enterprises, poses challenges. Go-to-market challenges may arise in adapting to varied regulatory landscapes and seamlessly integrating with clients' existing financial systems.
Trintech Group Ecosystem, Partners, Resellers and SI
Trintech's ecosystem is rich with strategic partnerships and collaborations. The 2021 partnership with Planful aims to provide an integrated end-to-end solution for financial and accounting processes. Earlier collaborations with XACCT Accounting AS, Workiva, Visma, and Sage demonstrate Trintech's commitment to streamlining financial close processes. With offices across the U.S., U.K., Australia, France, Ireland, the Netherlands, and the Nordics, and strategic partners across South Africa, Latin America, and the Asia Pacific region, Trintech's global footprint is vast. The partnerships with Adobe, Deloitte, Capgemini BPO, Spectrum Software, KPMG, Barnstone, Finance Executives International, Protiviti, StoneRiver, and Microsoft further enhance its ecosystem.
Trintech Group Cloud Infrastructure Insights
Subscribe to read more about:
- Trintech Group Public Cloud and Infrastructure (IaaS)
- Trintech Group Platform (PaaS)
- Trintech Group Application Delivery
- Trintech Group Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/About Ushttps://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
