Sarbanes Oxley : Technology : Spreadsheet
Food Retailer Eradicates Manual Spreadsheets
Delhaize Implemented AssureNET GL Increase Control and Drive Process Efficiency
Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance, has released this case study illustrating how international food retailer Delhaize Group has implemented its AssureNET GL software for financial process compliance. AssureNET GL is a component of Trintech’s Unity platform, a suite of modular software that empowers companies to automate their Last Mile of Finance to increase efficiency, improve visibility, shorten cycle times, lower costs, and reduce risk.
“AssureNET GL allows Delhaize Belgium to have greater visibility and control over our financial statements across all companies in our scope. This enhances our ability to ensure consistency and data quality, while reducing the work load associated with our monthly reconciliation work. AssureNET GL is an integral component of our Comprehensive Accounting Excellence program.” Said Laurent Carlier, Financial Accounting & Control Manager Delhaize Belgium.
“We are very pleased to have Delhaize join Trintech's growing group of Fortune Global 500 clients. AssureNET GL has provided Delhaize Belgium with a powerful and tailored solution for its accounting control operations, turning what was a complex and inefficient spreadsheet based exercise into a vital management tool, reducing error and enhancing productivity.” Said Tony Bethell, Trintech Vice President, EMEA.
Delhaize Group is a Belgian international food retailer active in six countries and present on three continents through its different banners. Delhaize Group’s stock is listed on Euronext Brussels (DELB) and the New York Stock Exchange (DEG). At the end of 2010, Delhaize Group’s sales network consisted of 2,800 stores, with 805 stores in Belgium & Luxembourg. Delhaize Belgium posted at the end of 2010, EUR 4.8 billion in revenues and employed more than 17,000 people. F
Trintech is the leading global provider of integrated software solutions for the Last Mile of Finance. From the time a transaction occurs to the time financial statements are issued, Trintech’s innovative Unity Suite automates data collection, account reconciliation, financial close management, financial reporting, XBRL, and financial control testing. As a result, our 600 clients and 100,000 users worldwide benefit from an enterprise wide view into critical financial processes, and are able to increase efficiency, improve visibility, shorten cycle times, lower costs, and reduce risk.
Trintech clients include 50% of the Fortune 50 and nearly 25% of the Fortune 500 representing retailers, manufacturers, financial institutions and healthcare providers globally. Trintech clients include Google, Microsoft, RR Donnelley, Regis Corporation, Walmart, O2, Blackstone, BAE Systems, Skype, HSBC and Toyota Financial Services.