LONDON and DUBLIN, Ireland, Sept. 24 TrintechGroup Plc (Nasdaq: TTPA), a leading provider of integrated financialgovernance, transaction risk management, and compliance solutions forcommercial, financial, and healthcare markets worldwide, today announcedDelhaize Group (NYSE: DEG) has selected AssureNET GL to shorten close cycles,reduce risk, and eliminate paper-based evidence binders. AssureNET GL willalso help Delhaize Group better satisfy Sarbanes-Oxley compliancerequirements.
The Belgian food retailer, Delhaize Group, operates approximately 2,500stores under several banners in the US and seven countries in Europe and Asia.At home, Delhaize Belgium runs 723 stores under banners such as Delhaize, ADDelhaize, Proxy Delhaize, and Tom & Co.
"We chose AssureNET GL to help us streamline our accounting lifecycle, andprovide us with visibility into the status of the control across ourenterprise," said Olivier Indervuyst, General Accounting Manager, DelhaizeBelgium. "We believe that once the system is implemented, it will not onlysatisfy compliance requirements, but reduce costs associated with thoseefforts."
AssureNET GL manages the entire account reconciliation process, includingtracking, preparation, review, and post-review quality control assessment. Thegeneral ledger reconciliation and certification solution will help DelhaizeGroup standardize transaction processes across their enterprise, control theentire close process, verify work in remote locations, and increaseefficiency, reliability, and confidence.
"Delhaize Group has a long-standing history of strength and stabilityinterconnected with industry-leading efficiency. We're very pleased theyrecognized AssureNET GL as an agile accounting compliance solution that canadapt to change and leverage efficiencies," said John Harte, EVP and GeneralManager for Trintech. "Trintech continues to expand its delivery ofbest-of-breed solutions to European customers that need to compete in today'scomplex world."
About Delhaize Group
Delhaize Group is a Belgian food retailer present in seven countries onthree continents. At the end of June 2007, Delhaize Group's sales networkconsisted of approximately 2500 stores. In 2006, Delhaize Group posted EUR19.2 billion (USD 24.1 billion) in net sales and other revenues and EUR 351.9million (USD 441.8 million) in net profit. At the end of June 2007, DelhaizeGroup employed approximately 139,000 people. Delhaize Group is listed onEuronext Brussels (DELB) and the New York Stock Exchange (DEG).
About Trintech Group
Trintech Group Plc (Nasdaq: TTPA) is a leading provider of integratedfinancial governance, transaction risk management, and compliance solutionsfor commercial, financial, and healthcare markets worldwide. Trintech'srecognized expertise in reconciliation underpins its suite of financialgovernance solutions, enabling businesses to address critical businessobjectives leading to more informed decision making and better overallbusiness performance.
Over 500 leading global organizations, including -- North Fork Bank,7-Eleven, Kroger, Regal Entertainment, Accor, UPMC, Farmer's Insurance Group,YUM! Brands Restaurants, Rohm and Haas, Verizon Wireless, and Ameren --realize the benefits of Trintech's configurable and highly scalable solutionseveryday to: improve performance through stronger management of the revenuecycle and disbursements; ensure the accuracy and integrity of financial data;identify and reduce transaction risk; improve the quality and timeliness offinancial reporting; and strengthen internal controls to support compliancerequirements.
For more information on how Trintech can help you gain greater visibilityand control of your critical financial processes, please contact us online athttp://www.trintech.com or at our principal business office in Addison, Texas,or through an international office