Trintech Sets Another Record in Q2 Bookings, Driven by Innovation and Customer Success
Trintech announced record bookings in the second quarter of 2024, with approximately 20% year-over-year growth in the first half. By integrating Frontier and Accurate, enhancing AI capabilities, launching new Cadency features, and winning multiple new global customers, the company further solidified its leadership in financial reconciliation and close software.
Trintech Sets Another Record in Q2 Bookings, Driven by Innovation and Customer Success
PLANO, Texas, August 13, 2024 — Trintech, a leading global provider of cloud-based financial close solutions, today announced that following a record first quarter, the company continued to expand its market leadership and global footprint in the second quarter. Driven by increased adoption of Trintech's portfolio of reconciliation and financial close solutions, bookings grew approximately 20% year-over-year in the first half of fiscal 2024, validating the value created by its proven solution portfolio, cutting-edge innovation, and dedicated customer-centric team.
“With new customer signings, the integration of Frontier and Accurate into the Trintech operating system, increased deployments among existing customers, expanded partner relationships, and continued technology innovation, particularly in artificial intelligence, I am incredibly proud of what the team has accomplished in the first half of the fiscal year,” said Darren Heffernan, CEO of Trintech. “We understand that one size does not fit all, which is why our Adra platform (for the mid-market) and Cadency platform (for the enterprise market) are designed to address the diverse needs of various markets. We are proud to lead the industry by providing efficient, reliable, and impactful financial close platforms that continue to deliver value to customers of all sizes globally.”
New customers this quarter from the Americas, Europe, Middle East and Africa (EMEA), and Asia-Pacific include: Ascent Hospitality Management, Bank of the Rockies, Binance Asia Services Pte, Bowery Residents’ Committee, Chemical Guys, Douglas GmbH & Co, Empower Healthcare Solutions, Insomnia Cookies, Integris, Ivy Hospitality, Jenni Kayne, Metropolitan St. Louis Sewer District, Miner’s Inc., Nitto Inc., PEG Companies, PriorityTrust, Purdue Federal Credit Union, SEI Group, Svea Renewable Solar AB, Taco Time Northwest, and The Eastern Company, among others.
Heffernan added, “At Trintech, our commitment to technology neutrality and market-first capabilities sets us apart in the industry. By providing solutions that integrate seamlessly with a wide range of systems and platforms, we empower customers with the freedom to adapt and evolve without technological constraints. This approach ensures customers can leverage existing investments while also embracing future innovation with an exceptional customer experience. Our neutrality and customer experience are not just words at Trintech—they are the cornerstone of our mission to drive excellence and adaptability in every financial close process.”
Latest Cadency Release: Enhanced Banking and Multilingual Support
Trintech's continued investment in its product portfolio reflects its commitment to delivering innovative solutions that drive efficiency and operational excellence. In the latest Cadency release, Trintech enhances its ability to provide daily reconciliation for banks and financial services institutions by introducing new workflows that directly support bank reporting and Swift network integration. Additionally, this release adds multi-byte language support, enabling users to process data in Japanese, Chinese, Thai, Vietnamese, and Korean, thereby broadening deployment options for new and existing customers. Meanwhile, new automation dashboards and schedulers strengthen existing automation capabilities, giving finance and accounting teams full visibility into active automated tasks and the ability to schedule or run automated processes without IT assistance.
AI-Driven Innovation and Industry Recognition
Trintech continues to lead AI-driven automation in the financial close process and plans to showcase the latest advancements across all its solutions to customers and partners at its flagship event, Trintech Connect, this fall.
In the first half of the year, Trintech received multiple industry awards, including maintaining its #1 ranking across five grids for financial close software in the G2 Summer 2024 report, being named a Market Leader in the FeaturedCustomers 2024 Customer Success Report for financial close management software, being recognized as a Leader in the “Record-to-Report” capability in ISG's 2024 Provider Lens™ for finance and accounting platforms, and being included in the Tech Titans 2024 Fast Tech list and the Dallas Business Journal Fast 50 list.
About Trintech
Trintech is dedicated to saving people time so they can focus on what matters most. Its cloud platforms and solutions help thousands of customers worldwide lead productivity transformations within finance and accounting organizations—improving efficiency, ensuring accuracy to reduce risk, and empowering strategic decision-making. Choose Trintech to make time more valuable.
As a leader in financial close management, Trintech is headquartered in Plano, Texas, with offices and strategic resellers in the United States, Europe, Australia, South America, Africa, and Asia-Pacific. With a robust partner ecosystem, Trintech collaborates with over 100 companies to build a connected business network. For more information, visit www.trintech.com。
