Trintech Acquires Reconciliation, Treasury Solutions Firm Chesapeake.
M2 EQUITYBITES-May 3, 2016-Trintech Acquires Reconciliation, Treasury Solutions Firm Chesapeake
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3 May 2016 - Texas-based report software solutions provider Trintech has acquired Alabama-based transaction account reconciliation and treasury solutions provider Chesapeake System Solutions, the company said.
This transaction broadens Trintech's suite of enterprise class Record-to-Report solutions as it moves to integrate its flagship cloud-based Cadency suite with Chesapeake's products.
Trintech and Chesapeake products offer solutions targeted at the reconciliation portion of their financial close process, and positions them for future financial transformation in order to maximise the value within their R2R process using Cadency.
The combined company will operate under the name Trintech.
Chesapeake System Solutions is the provider of T-Recs Enterprise and T-Recs Enterprise for Banking, an account reconciliation workflow software that helps manage general ledger activities, ledger matching, journal entry as well as review and approval processes.
The company provides financial close, transaction matching, cash management, and treasury solutions for the retail, banking, financial services, and insurance industries.
Core products are T-Recs account reconciliation workflow software, UPCS unclaimed property compliance software, SmartTreasury financial risk management software, and SmartAnalysis bank statement analysis functionality.
Trintech provides financial software solutions for the Record-to-Report process. The company has offices located across the US, UK, Australia, France, Ireland, the Netherlands and the Nordics, with partners in South Africa, Latin America and across the Asia Pacific region.
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|Publication:||M2 EquityBites (EQB)|
|Date:||May 3, 2016|
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