Trintech Group Plc (NASDAQ: TTPA) , a leading global provider of integrated financial ernance, risk management and mpliance software solutions, is proud to announce today the availability of Unity Xtensible Financial Reporting (XFR), a financial reporting software solution with embedded support for the tagging and output of XBRL-mpliant financial statements.

As global acunting standards have started to nverge, businesses are increasingly being required to understand and adopt XBRL as an enabling technology in enterprise wide disclosure initiatives being mandated by global financial erning bodies, such as the SEC’s Final Rule in the US and HMRC in the UK.

“CIOs and CFOs tasked with filing their financial statements in XBRL should begin looking at ways to strengthen their mpetitive advantage and avoid increased reporting sts in the ming years, as these requirements beme increasingly onerous,” said Theresa Clark, Trintech’s Vice President of Finance Transformation. “Embracing XBRL as more than just a mpliance requirement will be part of moving reporting from merely a statutory obligation into a mpetitive tool. Unlike other XBRL financial reporting tools, Unity XFR is embedded with an overall process and workflow technology that extends the capabilities of existing ERP or CPM solutions. Unity XFR facilitates this integration and offers a single system of rerd for fully mpliant financial statements and data.”

Unity XFR is part of Trintech’s Unity Financial GRC software suite, which gives customers the ability to automate, nsolidate and report on mplex financial processes across the enterprise. Unity XFR can be purchased as a standalone financial reporting solution to manage the reporting process, from period close to regulatory filing, or it can be fully integrated with Unity Financial Close to enable advanced workflow, task management, review and approval of financial close processes.

“Trintech’s new Unity XFR solution puts mpanies ahead of the curve with an embedded XBRL financial reporting tool which can be fully integrated with our pliance (SOX) Solution as well as our end-to-end process and workflow management solution for the entire financial close. This allows our customers to streamline operations and realize significant savings: from the first mile of the financial close to the last mile of financial reporting, the only truly integrated financial ernance suite on the market,” said David Taylor, Trintech’s Vice President of Strategy.