Leading companies join together to form a mutual reseller agreement, resulting in a best-in-class integrated system for finance and accounting professionals.
FREMONT, CA: Playful Inc., the pioneer of financial planning and analysis (PEA) and consolidations cloud software, and Triptych, a global provider of immediate financial solutions, announced today a strategic partnership to resell each other's products, resulting in an integrated end-to-end solution for the economic and accounting process. Customers in mid-sized enterprises will benefit from this alliance since it will provide them with a best-in-class single source of truth for their financial data, allowing them to complete end-to-end PEA, consolidation, and accounting closure procedures seamlessly.
The Playful platform and Trintech'sAdra® enable these critical functions when used together:
Financial Planning: Planning, budgeting, and forecasting, as well as cash flow, are all part of the process.
Operational Planning: Revenue, inventory, and demand planning, as well as sales and operations planning, are all factors to consider.
Close Management: Account mapping, processes, account reconciliation, and accruals are all data validation examples.
Financial Consolidation: Intercompany eliminations, foreign currency, and GAAP/IFRS requirements are all things that need to be considered.
"As an existing Planful customer, we understand the value the Planful platform delivers firsthand, " said Darren Heffernan, President, Mid-Market, Trintech. "This partnership and product integration provides finance and accounting professionals the opportunity to accelerate insight-driven analysis for the business in a frictionless environment."
Condado Tacos, a fast-growing, full-service restaurant chain located in Columbus, Ohio, with over 20 locations across the Midwest, is one of the firms' many shared consumers."We're excited to have a complete solution to manage all of our planning and accounting functions, including FP&A, reconciliation, and close," said Anthony Reitzel, Controller at Condado Tacos and an inaugural member of the Planful Champions Club. "This integration streamlines reconciliation and gives finance and accounting professionals more time to engage in analysis and other strategic functions that add value to the business."
"This strategic partnership with Adra® by Trintech is perfectly complementary from a product, company culture, and geographical markets perspective—we're excited to combine these powerful products for our rapidly expanding customer base around the world, and work with the wonderful team at Trintech," said Grant Halloran, Chief Executive Officer.
Together, Planful and Trintech service over 4,500 customers in over 100 countries. Planful and Trintech will both accelerate global expansion in critical geographies as a result of this agreement.