In a recent SAP® Insider, Trintech EVP Robert Michlewicz discusses “Evolving for Efficiency: Financial Processes Gain Speed and Agility Through Cloud Deployment Options.” In the article, Michlewicz explores issues faced by finance executives due to limited point solutions, globalization and rapidly changing regulatory requirements and the benefits of cloud-based solutions in resolving these issues. “On top of it all, with multiple lines of business in remote locations, executives on the move, and frequently changing regulatory requirements, companies need to consider solutions that can be flexible enough to change on the fly while also providing information to employees when and where they need it.”
Michlewicz also discusses “The Importance of Integration” pointing out that system customizations combined with multiple instances of SAP can lead to inefficiencies and hinder senior leadership’s ability to guide their organization. “Even the most sophisticated technologies lose impact in the absence of smooth integration. If data isn’t being shared among systems properly, executives can’t make the vital business decisions that drive the company’s direction.”
He goes on to offer some examples of large organizations who have resolved these issues with Trintech solutions. One example was AstraZeneca (who recently won the Alsbridge Innovation Award for its balance sheet reconciliation transformation project). AstraZeneca used Cadency® for its global R2R processes, reducing costs and increasing compliance while fully integrating with its SAP® Systems. Another example is a large multinational organization who manages reconciliations across 20 different instances of SAP® using Trintech solutions.
Download the full SAP® Insider article to learn more.