Trintech Group Plc (NASDAQ: TTPA), a leading provider of transaction reconciliation and payment infrastructure solutions, in partnership with Kyriba Corporation, a leading provider of real time, web-based, on-demand, cash management solutions, today announced the availability of Treasure eNET, a treasury and cash management system that aggregates all banking, market, and third-party data to and from financial partners through a unique data exchange point enabling enterprises to manage current and future cash flows centrally.
As a fully hosted solution, Treasure eNET requires no local installation, and can be deployed immediately to provide businesses with rich functionality, including dynamic cash positioning, cash flow forecasting, variance analysis, administrative controls to delegate workflow, and Sarbanes-Oxley compliant controls.
"Treasure eNET allows enterprises to avoid the costs and complexity associated with installing software in-house, including meeting hardware and software requirements, securing required IT resources, and completing the implementation, while realizing the substantial and immediate benefits of a treasury workstation," said John Harte, General Manager of Trintech's Funds Management Systems Division. "Web-based Treasure eNET will quickly enable enterprises to eliminate manual or Excel-based processes, reduce duplication of effort, tighten internal control processes, and improve cash/treasury returns using tools designed by treasury experts. Additionally, Treasure eNET can replace other treasury solutions as a more effective solution at lower cost."
Through this partnership, Trintech is utilizing Kyriba's cash management technology to provide a complete end-to-end treasury and cash management solution, seamlessly integrating cash management with reconciliation, account analysis and compliance. Daily or intra-day bank account data to Treasure eNET and ReconNET is provided through the DataFlow Transaction Network. Additionally, Treasure eNET provides bank signatory capability to help maintain bank relationship data for Trintech Bank Fee Analysis customers. A rapid deployment of Treasure eNET allows enterprises to quickly optimize cash positions, centralize payment processing and coordinate multi-entity forecasting.
Whether it is forecasting, building daily treasury worksheets, covering under-funded bank balances, investing excess cash, posting to the general ledger or managing bank information - it all can be managed through Treasure eNET.