Technology/Services

Irving Oil Selects Trintech for Account Reconciliation

ReconNET module of Unity platform increases efficiency, compliance, reduces risk

SAINT JOHN, N.B. -- Irving Oil Marketing Inc. has selected Trintech Group Plc's ReconNET software for financial process compliance. ReconNET is a component of Trintech's Unity platform, a suite of modular software that enables companies to meet their financial governance, risk management and compliance goals.

With more than 800 fueling locations in New England and Atlantic Canada, Irving Oil, a Fort Reliance company, is a leader in the Northeast in refining and fuel marketing.

Through a suite of software modules, Trintech's Unity platform enables companies like [image-nocss] Irving Oil to increase the accuracy and transparency of financial reporting, reduce operational costs, shorten accounting cycle times, reduce the risk of material weaknesses and fully comply with financial regulations and compliance requirements.

Trintech's ReconNET module, a leading account reconciliation software solution for high-volume account matching, automates daily, monthly and periodic reconciliation and balancing of financial accounts. With ReconNET's customizable business rules and automated reconciliation, staff can process accounts and transactions quickly, accurately and consistently in compliance.

Irving Oil joins more than 600 leading global organizations benefiting from Trintech's configurable and highly scalable solutions.

Trintech Group is a leading global provider of integrated financial governance, risk management, and compliance (GRC) software solutions for commercial, financial, and healthcare markets. Trintech's recognized expertise in reconciliation process management, financial data aggregation financial close and reporting, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.

Irving Oil is a family-owned and privately-held regional energy processing, transporting and marketing company headquartered in Saint John, New Brunswick, Canada, with U.S. marketing operations in Portsmouth, N.H. With more than 7,000 employees, more than 700 fueling locations, operations from 13 marine terminals and a delivery fleet of tractor-trailers, Irving Oil serve wholesale, commercial and retail customers in Eastern Canada, Quebec and New England.

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