Your Financial Processes, Transformed

Is your finance team looking to transform...

Trintech is transforming organizations across the globe by automating the entire financial close process. Over 1,700 companies around the world rely on us to empower and evolve their processes — delivering increased efficiency and effectiveness, reducing costs and improving governance and transparency across finance organizations.

Is your finance team looking to transform...

Account Reconciliation

As one of the first steps in ensuring balance sheet integrity, your account reconciliation process has to be both accurate and consistent. Downstream processes, like financial statements, rely on the accuracy of reported balances and on-time reconciliations. Often, poor visibility or lack of automation can easily lead to errors and unexpected oversights.

Through traditional methods, 90% of accounting personnel’s time is spent simply completing reconciliations, and only 10% of it is spent actually analyzing the implications of the results. What could your organization accomplish if these percentages were reversed?

Close

Due to a notable increase in regulations and even higher stakeholder demands, the pressure on the organization’s financial close, or month-end close, and reporting processes is greater than ever before. These pressures often require organizations to disclose more information in their reports and in a shorter time frame than previously expected, dramatically increasing the risk of errors across their Office of Finance.

Compliance

Maintaining regulatory compliance is an ongoing concern for many organizations. At the end of the Record to Report process, the reports you produce must also be compliant with multiple initiatives to be considered accurate and truly complete.

Whether the requirements are externally regulated, such as Sarbanes-Oxley (SOX) requirements, the Foreign Corrupt Practices Act (FCPA), or The European Commission Company Reporting (ECCR), or internally identified, such as corporate social responsibility (CSR) initiatives or reports to a board of directors on performance, it’s important to develop dependable controls and visibility to closely monitor the compliance of your reports.

Journal Entry

Traditional journal entry is a time-intensive, error-prone process. As you are well aware, inaccurate, missing, or scattered documentation will create dangerous issues for your enterprise. What’s more – poor visibility into this process makes errors and bottlenecks all that more likely to occur.

Intercompany

Today, many global organizations are facing complicated intercompany financial accounting issues driven by complex organizational structures, multiple accounts, and high volumes of intercompany transactions. Further complications occur when originating entity transactions are incorrectly recorded on receiving entities’ books, duplicated, or posted to suspense – eventually erroring out in consolidation and slowing the close process considerably.

Intercompany elimination errors consume valuable resources while increasing the risk of compliance breaches and potentially damaging financial restatements. How are you going to reduce the intercompany burden on your enterprise?

Regulatory & Financial Reporting

After all of the collaboration it takes to match and reconcile your transactions, handle exceptions, making multiple journal entries, and finally gain all of the required approvals, reporting is the reputation-risky final task that stands in-between you and a complete close.

Depending on your enterprise’s unique characteristics and goals, be it public or private, large or small, or even local or global, you will need to produce a wide variety of reports that all have different deadlines, submission requirements and stakeholders with the utmost accuracy.

Unclaimed Property Compliance

Managing a company’s unclaimed property is a major undertaking. Beyond keeping an up-to-date inventory of both tangible and intangible property, there is the challenge of keeping compliant with the rules and regulations of 54 separate U.S. jurisdictions. Since regulations change frequently, constant vigilance is a necessity.
The fines and settlements for not complying with unclaimed property laws can amount to hundreds of thousands, if not millions of dollars. Is your organization at risk?

100+ Countries

1,700+ Customers

250,000+ Users

About Trintech

What do you want from your Record to Report vendor? Security? Innovation? Success? At Trintech we pride ourselves on our ability to meet these requirements ahead of anyone else in the market, delivering world class technology and services each and every step of the way. We understand the deadlines, dynamics and struggles of managing the Record to Report process. We know the personal risks and the organizational inter-dependencies, both inside and outside the organization. Why? Because we’ve been there ourselves. We’re financial professionals like you.

Every financial software solution we develop provides your finance organization with increased efficiency, visibility and control to minimize resources, costs and risks across the entire Record-to-Report process.

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