Every year around this time we start drawing up lists, making personal inventories, and resolving to do better in the coming year. But the truth is that very few of us achieve the laundry list of goals laid down in the typical New Year’s resolution. To err, after all, is only human. But Trintech’s Unity [...]
Archive for the ‘Financial Close’ Category
Achieve Your Financial Goals with Trintech’s Unity Suite of Financial Software
The 7 Golden Rules of Balance Sheet Certification
Competitive businesses are constantly trying to improve on productivity, demanding more and more value from their employees, processes and technology. Trintech’s new best practices guide to balance sheet certification can help.
Finance is Ch-Ch-Ch-Ch-Changing with the Times
CFO’s are concerned about change. And they should be: recent financial crises have spawned a growing number of complicated financial regulations. With the globalization of finance highlighting the need for uniformity in information, change is practically being forced upon the Office of Finance. Software vendors have taken notice. Recent years have seen a proliferation of [...]
It’s The Process, Stupid!
Software makers, like any business, are always on the hunt for new markets. Where a large enough problem exists, there are probably several automated software packages to solve for that problem. And financial governance is one huge problem facing many finance managers. But in the rush to comply with what can seem like an overwhelming [...]
Journal Entries With a Life of Their Own
There are simply some entries that don’t fit the mold and need to be managed outside of the normal routines of accounting general ledger systems. Most often these entries are considered “manual” because they require human intervention in some form to move forward. These journal entries can be categorized as follows: Recurring/Standard Entries: Manual entries [...]
The 7 Habits of Highly Effective Balance Sheet Reconciliation
Account reconciliation is an underappreciated control, one which has become increasingly important with the advent of Sarbanes-Oxley (SOX). In the past, when inconsistencies were discovered, a Staff Member could simply create an adjusting entry to ensure that the company financials were accurate. But section 404 of SOX requires a whole new level of diligence. In [...]
The Production Platform for Finance: Imagine the Possibilities
Manufacturing is replete with examples of technology employed to manage and execute processes, since at least the time of Henry Ford. More recently, Customer Relationship Management has moved the effort from sales teams to technology, allowing global coordination of customer relationships and complete visibility into the status of any given sales effort. But Finance is [...]
Creating a Production Platform for Finance: Filling Technology Gaps in the Record-to-Report Process
Finance is about twenty years into the process of creating a production platform for finance operations – starting with transaction processing in ERP. Clearly the road has been rocky, as expectations around ERPs were not met in many cases. But few would turn the clock back to manual 3-way match or consolidation. A renewed interest [...]
