Trintech Unity Financial Governance Solutions
Unity Financial Governance Solutions
Trintech’s Unity is a comprehensive financial compliance software suite of transaction management, account reconciliation, financial close, compliance, and enterprise risk management applications that will:
- Reduce Operational Costs
- Increase the Accuracy and Transparency of Financial Reporting
- Shorten Cycle Times
- Reduce the Risk of Material Weaknesses and Restatements
Deployable as either individual applications or an entire suite, the Unity Suite provides a Control Management Framework that enables you to plan, scope, schedule, perform, manage, and report across your entire governance, risk, and compliance control efforts.
In today’s challenging economic environment, return on investment (ROI) is more important than ever when making software investments. The good news is that Trintech’s financial governance solutions deliver significant and quantifiable return on investment across your financial operations while increasing assurances that your organization will meet its compliance and governance obligations and requirements.
Each business is unique but substantial return on investment gains are achieved across compliance, financial close and reconciliation activities using Trintech’s financial governance solutions. According to industry studies, businesses can target the following gains as benchmarks when looking at ROI:
- At least 20% reduction in compliance staff time
- Reduction in close days by 20-40%
- Reduction in financial close efforts by 20%
- 10% reduction in external audit fees
The great news is that Trintech customers see these gains and more when they take advantage of our Unity solutions. The following are examples of real world results from Unity clients in the areas of compliance and the financial close:
- A major athletic goods manufacturer sees a 41% reduction in compliance testing
- A major clothing brand saw their compliance efforts reduced by 2 FTE and 4000 hours resulting in over $250,000 in annual saving
- A financial services trading house sees 25% reduction in costs to service internal management reporting and external auditor, 25% reduction in external audit fees for a annual savings of >$600,000, 25% reduction in on going compliance costs (including 1,500 hours and $90,000)
Ultimately, Trintech Unity ensures that the required financial governance tasks are performed by the right people, in the correct sequence, and within the proper time frame.
The Unity Suite includes the following core functions via the Control Management Framework:
- Role-Based Security
- Automated Scheduler
- Workflow Management
- PDF/HTML Action Plans
- Email Alerts, Reminders & Escalations
- Document Management
- Business Rules & Scoring
- Online Binders
- Multi-dimensional Scoping
- Control Management Framework
- Reporting and Analytics
- XBRL
Key enabling technology elements of the Control Management Framework include:
» learn more about Unity Enterprise Risk Manager
» learn more about Unity Compliance
» learn more about Unity Account Reconciliation
» learn more about Unity Financial Close