White Papers & Publications
Restoring the Rhythm of Finance™ to Controls Assurance with Compliance
This whitepaper, written by noted financial publisher Financial Systems Network (FSN), examines how the Compliance capabilities within Cadency™ delivers integrated controls testing, remediation and documentation of all mandated regulatory and industry-specific policies across the entire Record-to-Report process.
Automating Transaction Reconciliation Processes - ReconNET
Optimizing reconciliations for high-volume, transaction-intensive accounts:
• Where is our deposit?
• Why does it take six weeks to close our books?
• Why do we have so much idle cash?
• Why do we spend so much time being audited?
If you cannot seem to find acceptable answers to these or similar questions, you should consider automating your transaction reconciliation processes to better manage your cash flow. Organizations supporting multiple depositing locations have typically relied on manual processes to reconcile deposit reports for individual locations against monthly bank statements. Running this type of manual account reconciliation process can take up to sixty days, during which time companies are exposed to risk, including error, theft and/or fraud.
NEW! Executive Report Featuring Gartner Research - "Leveraging the Cloud to Manage the Record-to-Report Process"
Read this Executive Insight paper featuring the “The Nexus of Forces: Social, Mobile, Cloud and Information” report from Gartner Research to learn:
- How the Cloud eliminates Record–to–Report (R2R) process white spaces
- How collaboration in the Cloud reduces risk and ensures financial governance
- Why the Cloud eliminates inefficiencies across global, enterprise-class organization
- How to save significant $£€ by managing the R2R through the Cloud
Last Mile of Finance: Building Transformation Momentum with Technology - KPMG and Trintech
Last Mile of Finance: Building Transformation Momentum with Technology — A white paper from KPMG and Trintech
The white paper examines the various processes typically associated with the Last Mile of Finance in an effort to move Finance toward achieving the goals of agility and global standardization. Globalization, acquisition and a lack of process automation have made enforcing standards very difficult. Thus the processes of account reconciliation, financial close at Local and Group, and financial reporting continue to burden the office of Finance. The paper outlines the methodology and benefits of a “Transformative Approach” when taken by senior Finance executives.
Restoring the Rhythm of Finance to Account Reconciliations through Certification
On average, it takes a company 21 man-days to reconcile and update the chart of accounts, and the average figure is much higher for companies with international offices (26.8 man-days), compared to those with just national offices (13.5 man-days).
Cadency’s Certification capabilities transform Account reconciliations from a standalone spreadsheet-bound activity that habitually causes delays in reporting, into a streamlined process that improves control, reduces financial risk, enhances productivity and assists management to accelerate the Record-to-Report process.
Restoring the Rhythm of Finance™ to the Record-to-Report Process
An Independent Review of Cadency by FSN
This whitepaper, written by noted financial publisher Financial Systems Network (FSN), examines how Cadency™ by Trintech, the world’s first end-to-end R2R solution, reduces account reconciliation to financial reporting complexity, optimizes resources, and reduces inefficiencies and costs by automating all process activities and stakeholders across the entire Record-to-Report Process.
Seven Strategies for Optimizing Balance Sheet Certification
Seven Strategies for Optimizing Balance Sheet Certification — Ready to accelerate your financial close, drive significant process efficiency, improve control and increase transparency into key financial accounts?
Download this free guide containing seven proven strategies for optimizing your organization’s Balance Sheet Certification processes. This account reconciliation guide is based on domain expertise Trintech has gained by helping more than 650 world-class organizations and more than 100,000 users achieve a positive ROI.
APQC's Executive Report "Financial Reporting: Pressure Mounts to Fix the Close Process"
Includes the “10 Commandments for Effective Change”
APQC research reveals quality standards involving the Record-to-Report process are inching upward while scrutiny is growing more intense. Mistakes like a company almost sending out a statement with a $9 million tax debit on the expense line instead of a credit are more common than not.
In response, Trintech EVP David Taylor, member of the Research Advisory Panel run by CIMA, has 10 Commandments for Effective Change to combat these mistakes including ones like: “Be relentless in automation” and “time is everything.” What changes are you making to the financial close process and are you seeing ROI for it?
Last Mile of Finance Leading Practices, 4-Part Series on Financial Close
Read the white papers in this new series on Financial Close from Trintech:
Last Mile of Finance Leading Practices
The Last Mile of Finance can be the riskiest of all Finance & Accounting processes; it’s the most complex, the least automated, and the most likely single point of failure in meeting corporate expectations. Noted Gartner analyst John Van Decker has stated: “When considering the automation and unification of critical financial processes, such as account reconciliations, compliance and Financial Close, the whole is greater than the sum of its parts. These activities are highly dependent on each other and, when unified, create new insights and return on investment (ROI) savings.”
FSN Interview with Trintech CEO Paul Byrne
CFO’s require visibility into the entire Record-to-Report process and need to be able to orchestrate R2R from one central location… like a conductor. That’s why we have Reinvented the Record-to-Report cycle with Cadency, a Trintech Solution. Read this CEO interview and find out how Cadency can help you establish a repeatable rhythm for your Record-to-Report process.
FSN provides finance professionals around the globe with independent news, vital analysis and deep insight about key developments in the world of business and accounting systems.
From Crisis to Control: Full Command of the Financial Close
Automation can transform your financial close process from chaos to control, from a tactical obligation to a foundation for strategic financial decisions and leadership. Significant quantitative and qualitative benefits can be realized through an automated system that can serve as a unified platform for the efficient production of your financial information.
A White Paper by FSN - Restoring Harmony to Financial Reporting and Disclosures with Completion
Cadency’s Completion for Financial Reporting — One of the most effective ways of measuring a CFO’s effectiveness is the length of time it takes to close the books. Unfortunately for most CFOs, the Record-to-Report process is a complex, crowded, disjointed and overly manual process seemingly bent on slowing things down. It’s no wonder that errors and misstatements abound in this pressure-cooker environment. Download this white paper to learn how to restore harmony to your disclosure management process.
Looking for a specific white paper? Contact Us.