Altera Corporation Selects Trintech for Automated Account Reconciliation, Review, and Certification

Altera Chooses Trintech's AssureNET GL Solution to Automate and Optimize Global Enterprise-Wide Reconciliation Process

DALLAS, DUBLIN and LONDON, April 27 /PRNewswire-FirstCall/ --Trintech Group Plc (Nasdaq: TTPA), a leading provider of integrated financial governance, transaction risk management, and compliance software solutions for commercial, financial, and healthcare markets worldwide, announced today that Altera Corporation selected its AssureNET GL enterprise software solution to automate and streamline balance sheet and general ledger account reconciliation processes for the company's global finance organization.

Altera is a pioneer of programmable logic solutions, enabling system and semiconductor companies to rapidly and cost-effectively innovate, differentiate, and win in their markets. Altera offers FPGAs, CPLDs, and HardCopy(R) ASICs in combination with software tools, intellectual property, and customer support to provide high-value programmable solutions to approximately 14,000 customers worldwide.

"Part of our successful global growth strategy has been a continued focus on operational efficiency," said Jim Callas, corporate controller at Altera. "We're excited about replacing our labor-intensive spreadsheet processes with an automated, hosted system that will help us to reduce paper and establish a controlled and efficient environment for reconciliations and compliance."

Trintech's AssureNET GL software solution provides a sustainable infrastructure for compliance in finance departments by enabling companies to replace the manual process of maintaining and tracking thousands of spreadsheets in an uncontrolled environment. AssureNET GL automates the review, approval, and status tracking of account reconciliations through templating, manages the accounting close process, and provides management the needed visibility to ensure compliance. As a result, reconciliations are automated and controlled, enabling organizations to reduce costs and manpower involved in compliance administration, decrease audit fees, improve process transparencies, manage risk, and proactively identify current and potential compliance issues.

"We are delighted that Altera is using Trintech's AssureNET GL in their global finance practices to increase internal controls, simplify processes and improve efficiencies," said John Harte, General Manager for Trintech. "AssureNET GL is uniquely suited for Altera's global business environment, and will provide them with a market-leading, proven general ledger reconciliation solution that meets diverse business requirements and accounting needs."

About Trintech Group

Trintech Group Plc (NASDAQ: TTPA) is a leading global provider of integrated financial governance, transaction risk management, and compliance software solutions for commercial, financial, and healthcare markets. Trintech's recognized expertise in reconciliation process management, financial data aggregation, revenue and cost cycle management, financial close, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.

Over 600 leading global organizations realize the benefits of Trintech's configurable and highly scalable solutions everyday, including 7-Eleven, Accenture, Allianz Life North America, Ameren, Bank of Nevada, eBay, Farmer's Insurance Group, Kinder Morgan, Regal Entertainment, Rohm and Haas, Sears, UPMC, Verizon Wireless, Wyndham Worldwide, and YUM! Brands Restaurants.

For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at 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 Press Contact:     Dallas: Hilliary Opseth, Manager, Marketing Programs, Trintech     Tel. +1 972 739-1619, Email: [email protected] 

SOURCE Trintech Group Plc