If you’ve tried to consolidate your merchant banking relationships recently, you’ll understand the importance of PCI-DSS, the Payment Card Industry Data Security Standard which regulates how businesses must handle customer credit card data to ensure the privacy of cardholders. Most banks are now charging higher rates to customers who don’t comply with PCI-DSS, and some [...]
PCI-DSS: What the Chief Compliance Officer Needs to Know
Getting Better All The Time
In a past life I worked as a database marketing consultant, helping retailers understand how to capture, analyze, and act upon customer data in the hopes of predicting or influencing future purchasing behavior. It was a strange and exhilarating discipline, equal parts art and science. We analyzed things like “affinity maps”, which essentially relate the [...]
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 [...]
Embedding Intelligence Into Your XBRL Tagging Methodology
XBRL is here to stay. By 2011, all public companies filing their financial statements with the SEC will be required to tag disclosures with XBRL meta-data. In fact, many businesses have already begun the process – “Tier 1″ filers were required to submit their financial report in the first reporting period after June of 2009. [...]
Top 10 Tips For XBRL Compliance in 2010
Another year ends, another decade begins. And in our inaugural post on the Last Mile of Finance Blog, we’d like to add yet another “top 10″ list into the mix. The first round of XBRL-based financial filings has already begun. The largest public companies filed their first financial statements in June of 2009. Many more [...]
Welcome to Trintech’s “Last Mile of Finance” Blog
Trintech’s Last Mile of Finance Blog is maintained by a team of financial professionals with a singular focus on helping bring the Office of Finance into the twenty-first century. Contributors identify and comment on interesting and topical developments in the software technologies, processes, and strategies employed by financial departments to reduce risk, maximize profits, and [...]
