Highlights:
- Trintech is investing in a data center in Australia.
- The expansion will help to meet the increasing consumer demands for financial solutions.
- Trintech released Adra Analytics for data governance requirements.
- Consumers implemented Adra Analytics to share company-specific internal control KPIs.
Expansion of data center in Australia
Trintech is a leading provider of integrated Record to Report software solutions for the office of finance. The company announced the expansion of its data center in the Australian market. This development of a data center in Australia will help meet the increasing consumer demands for its financial solutions portfolio.
Data center solutions
This year, Trintech released Adra Analytics that allows continuous enhancement of the close cycle by offering data independence and reporting flexibility. As per Trintech, Adra consumers in the region will benefit from robust support and higher performance for data governance requirements.
Adra Analytics data could be used natively in Adra or in combination with internal data sets to create company-tailored, actionable insights in business intelligence (BI) tools such as Tableau or Power BI.
The conference
As per the company, the latest enhancements to Adra Analytics, demonstrated at the Trintech Connect Adra User Conference, are mainly designed for mid-market organizations. Thus, allowing businesses to evaluate close performance trends and answer a critical organization-specific questionnaire with robust data.
Consumers implemented Adra Analytics to share company-specific internal control KPIs (Key Performance Indicators) and evaluate variations over time to highlight core areas.
Benefits consumers see include:
- Ability to measure relative process efficacy and quality for continuous enhancements over a time period
- Evaluate the quality of reconciliations over a period of time
- Evaluate the timely completion of reconciliations over time
- Responses to organization-specific questions and address organizational use cases
Expert view
Darren Heffernan, President of Mid-Market at Trintech, commented: “At Trintech, we are relentlessly committed to ensuring our customers are supported by not only the strength of our solutions but also the expertise of our people.”
He further added, “This investment reinforces our dedication to ensuring a best-in-class experience wherever our customers are globally.”
Heffernan also commented: “With this newly expanded data center, our customers can be assured that their data is housed in some of the world’s most secure, high-end facilities, offering the highest industry standard levels of uptime, security and reliability – and compliant with governance and financial regulatory policies.”
Fintan Diviney, Director APAC at Trintech, commented: “We continue to see rapid adoption and expansion of our Adra solution in the APAC region.” He further added, “We are excited about the upcoming opportunities to serve a growing number of companies in industries such as government, semi-government and financial services, who now have a financial close solution available to them that meets their onshore data security requirements.”
Tim Green, Director at Green Cloud Consulting, commented: “Trintech has several consulting partners in the APAC region who are also excited about this investment, a positive and forward-looking move to help meet the needs of global mid-market customers and those operating specifically in this region.” He further added, “This investment enables mid-market companies in the APAC region to leverage Trintech’s industry-leading financial close solution, Adra, in complete compliance with onshore data requirements.”
