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Chrysler Financial Selects Trintech Group Solutions for Accounting and Volume Transactions

September 22, 2008

DALLAS and DUBLIN, Ireland -- Chrysler Financial has selected AssureNET GL, created by Trintech Group Plc, a global provider of integrated financial governance, transaction risk management, and compliance solutions, to automate the review, approval, and status tracking of account reconciliations. Trintech will also manage the accounting close process and ReconNET for high volume transaction matching.

Chrysler Financial headquarters in Farmington Hills, Mich., serves as the center of activity for operations in the U.S., Canada, Mexico, and Venezuela. It's through this hub that all aspects of the company's financing and insurance business are initiated. For more than 40 years, Chrysler Financial has provided a complete line of world-class automotive financial products and services to the dealers and consumers of Chrysler, Jeep(R) and Dodge vehicles.

"We've chosen AssureNET GL to replace a manual review of account files using spreadsheets, and through the self-documenting workflow and analysis tool, we'll manage our entire GL reconciliation process," said Mark Davis, assistant controller for Chrysler Financial.

AssureNET GL standardizes account reconciliation processes across an organization, controls the entire close process, verifies work in remote locations, and increases workflow efficiency. ReconNET automates complex daily, monthly, and periodic processes, including daily verification of deposits, payments, and reporting functions, to help companies mitigate risks, reduce errors, and increase accounting controls.

"We're very pleased to be working with Chrysler Financial. We look forward to helping them centralize and standardize core financial processes, while increasing controls and compliance across their enterprise," said Kevin Connelly, senior vice president and managing director, Trintech Financial Services Group. "This is a strategic win for Trintech and confirms the rapid expansion of our financial governance solutions in major financial services organizations around the world."

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