REDWOOD CITY, California., July 20, 2021 / PRNewswire / – Planful Inc., the pioneer in cloud financial planning and analysis (FP&A) and consolidation software, and Trintech, a global leader in financial close solutions, today announced a strategic partnership to resell each other’s products, which provide an integrated end-to-end solution for the finance and accounting process. This partnership will provide medium-sized business customers with a world-class single source of truth for their financial data and accelerate the end-to-end FP&A, consolidation and accounting close processes in one seamless experience.
Together, the combination of the Planful platform and Adra® from Trintech enables these essential functions:
- Financial planning: planning, budgeting, forecasting, including cash flow
- Operational planning: sales, inventory, requirements planning as well as sales and operational planning
- Close management: data validation, account mapping, workflows, account reconciliation and provisions
- Financial Consolidation: Intercompany Eliminations, Foreign Currency and GAAP / IFRS Regulations
- Reporting and Analysis: Deviation Analysis, Performance Analysis, and Financial and Management Reporting
“As an existing Planful customer, we understand the value of the Planful platform firsthand,” said Darren Heffernan, President, Mittelstand, Trintech. “This partnership and product integration enables finance and accounting professionals to accelerate insight-based analytics for the business in a seamless environment.”
The companies have many customers in common, including Condado Tacos, a fast-growing, full-service restaurant chain based in Columbus, Ohio with over 20 locations in the Midwest. “We are pleased to have a complete solution to manage all of our planning and accounting functions, including FP&A, reconciliation and closing,” said Anthony Reitzel, Controller at Condado Tacos and founding member of the Planful Champions Club. “This integration streamlines reconciliation and gives finance and accounting professionals more time to conduct analysis and other strategic functions that add value to the business.”
“This strategic partnership with Adra® by Trintech complements each other perfectly from the perspective of the product, corporate culture and geographic markets – we are excited to combine these high performing products for our fast growing customer base around the world and to work with the wonderful team at Trintech “said Grant Halloran, Managing Director.
Planful and Trintech together serve over 4,500 customers in more than 100 countries. With this partnership, Planful and Trintech will both accelerate international expansion in key regions.
To learn more about the partnership between Planful and Trintech, click here. To contact the sales team directly, please contact: [email protected] or [email protected].
About Planful
Planful (formerly Host Analytics) is the pioneer in financial planning & analysis (FP&A) and consolidation cloud software. The Planful platform is used by the CFO’s office worldwide to streamline company-wide planning, budgeting, consolidation, reporting and visual analysis. More than 800 customers, including Boston Red Sox, Del monte, TGI Friday’s and 23andMe rely on Planful to accelerate cycle times, increase productivity and improve accuracy throughout the FP&A process. Planful is a private company backed by Vector Capital, a leading global private equity firm. Learn more at www.planful.com.
About Trintech
Trintech Inc., a pioneer in Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high-volume transaction reconciliation and optimization of daily operational reconciliations to the automation and management of balance sheet reconciliations, intercompany accounting, journal entries, disclosure reports and bank fee analysis to governance, risk and compliance, Trintech’s portfolio of financial solutions, including the Cadency® Platform, The Adra® Suite and the targeted Tools ReconNET ™, T-Recs® and UPCS® help manage all aspects of the financial close process. Over 3,500 customers worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability and strategic insight of their financial operations.
Headquarters in Dallas, Texas, Trintech has offices all over The United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and Scandinavia as well as strategic partners in South Africa, Latin America and Asia Pacific. To learn more about Trintech, visit www.trintech.com or contact us on LinkedIn, Facebook and Twitter.
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