MphasiS, a leading IT services provider, and Trintech, the leading global provider of integrated software solutions for the Last Mile of Finance, today announced their strategic partnership.
This partnership will combine MphasiS' end-to-end Business Process Outsourcing ("BPO") services for its clients with Trintech's Unity Suite to optimize Return on Investment (ROI) and to enhance process improvement capabilities.
Trintech's Unity Suite offers an integrated platform for transforming critical financial operations, including the Record-to-Report (R2R) process. From the time a transaction occurs to the time financial statements are issued, the Unity Suite automates data collection, account reconciliation, financial close management, financial reporting, XBRL, and financial control testing. Clients benefit from an enterprise wide view into these critical functions, and are able to increase efficiency and transparency and reduce cycle times, risk and cost.
"We are excited about our partnership with Trintech. This partnership enables us to expand our already strong business process outsourcing solutions in the space," said Rena Nigam, Senior Vice President and Head of Banking and Capital Markets at MphasiS. "This strategic partnership allows us to address some of the pressing requirements of CFOs, Financial Controllers and SEC Reporting Managers in our client organizations, a segment largely ignored by service providers."
"The partnership between Trintech and MphasiS will allow Banking and Capital Markets clients across the globe much greater access to Trintech solutions and as such help them to streamline their often complex Last Mile of Finance activities with an immediate return on investment," said Paul Byrne, CEO, Trintech. "We are very pleased that MphasiS has chosen Trintech as a critical tool for their valued clients. This is a world-class combination of Trintech software and MphasiS' Finance & Accounting BPO Services."