General Parts, Inc., Selects Trintech's ReconNET to Streamline Reconciliation Processes

Trintech's ReconNET to Improve Reconciliation Processes for Leading Automotive Parts Distributor - General Parts, Inc.

DALLAS and DUBLIN, Ireland, Oct. 30 -- Trintech Group Plc , a leading provider of financial software and technology services specializing in transaction verification, reconciliation management, process automation, and compliance, today announced that General Parts, Inc., distributor of replacement auto parts, supplies and tools, has selected Trintech's ReconNET to automate the verification and reconciliation of its credit cards and bank deposits for its more than 1,400 company-owned stores. The installation of ReconNET will enable the company to streamline its daily reconciliation processes, reduce costs and gain greater reporting and financial controls.

General Parts is a distributor of replacement auto parts, supplies and tools for every make and model of foreign and domestic car, truck, bus, and farm or industrial vehicle. The company is the largest member of CARQUEST, which has a network of over 40 North American distribution centers.

"We were looking for a reconciliation solution that would help us streamline our finance processes across our enterprise," said John Cuomo, Director of Financial Reporting for General Parts. "With Trintech's extensive experience in the retail industry and the flexible nature of the ReconNET system, we knew this was the solution of choice as soon as we saw its capabilities."

The installation of ReconNET will automate General Parts' reconciliation procedures, increasing the efficiencies of finance staff, and providing effective risk management and reporting for its daily and month-end operations. ReconNET's Research module will simplify and automate the exception resolution process, allowing for faster identification and resolution of outstanding items to minimize write-offs.

"We're delighted to provide General Parts with a solution which will impact business practices and improve processing efficiency," said John Harte, General Manager for Trintech. "Today, Trintech's reconciliation solution is delivering results to many of the most recognized retail organizations in the world, including 17 of the top 25 (eight in the top 10) publicly traded retail organizations*. We look forward to working with General Parts as we continue to expand in that market."

  *2005 STORES Triversity Top 100 Retailers

  About General Parts, Inc.

General Parts is a distributor of replacement automotive parts, supplies, and tools for every make and model of foreign and domestic car, truck, bus, and farm or industrial vehicle. The largest member of the CARQUEST network, employee-owned General Parts, with more than 1,400 company-owned stores, distributes its products to about 4,000 CARQUEST auto parts stores across North America through 42 distribution centers. The company, which has been growing through acquisitions, sells its parts to DIY mechanics, professional installers, body shops, farmers, and fleet owners (commercial customers account for most sales). The privately-held company, founded by Temple Sloan in 1961, owns CARQUEST Canada. www.carquest.com

About Trintech Group

Trintech Group Plc is a leading global provider of financial software and technology services specializing in transaction verification, reconciliation management, process automation and compliance for commercial, financial and healthcare markets. For over 20 years, Trintech has been providing comprehensive, industry-leading solutions to financial departments seeking greater insight into critical transaction processes. Trintech delivers a configurable, highly scalable platform that incorporates a company's unique business logic, enabling managers to obtain greater visibility and more efficiently manage business risk throughout the transaction lifecycle. Trintech's transaction management solutions include: ReconNET for high volume transaction reconciliation; AssureNET GL for general ledger reconciliation and certification; Treasure eNET for cash management; Bank Fee Analysis; and the DataFlow Transaction Network for data collection and delivery. Over 400 leading companies across a variety of industries rely on Trintech products and services. Clients include: North Fork Bank, 7-Eleven, Kroger, Regal Entertainment, Accor, UPMC, Farmer's Insurance Group, YUM! Brands Restaurants, Rohm and Haas, Verizon Wireless, and Ameren.

Trintech's principal business office is in Dallas, Texas, with international offices in Ireland, the United Kingdom and the Netherlands. Trintech can be reached at 15851 Dallas Parkway, Suite 900, Addison, TX 75001 (Tel 1-972-701-9802). Trintech's corporate office can be contacted at Trintech Building, South County Business Park, Leopardstown, Dublin 18 (Tel 353-1-207-4000). For more information, please visit www.trintech.com.

  Trintech Press Contacts:
  Dallas: Donna Martinez, Marketing Communications Manager, Trintech
  Tel. +1 972 739 1611. email: donna.martinez@trintech.com