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What is Financial Reconciliation?
Financial reconciliation involves comparing two different data sets to verify the integrity and accuracy of the data contained therein. Financial...
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What is a General Ledger?
A general ledger is a record of a company’s income, expenses, assets, liabilities, and equities. In most cases, a general...
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What is Intercompany Accounting?
Large organizations often have subsidiaries that conduct business with one another. Such business activity falls outside the bounds of traditional...
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The Illusion of Gartner’s Magic Quadrant for Financial Close and Consolidation
Consistency Does Matter. Three quick takeaways: I worked with Gartner since 1997 across four different technology vendors. I respect Gartner’s...
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McDonald’s Japan Boosts Digital Transformation Journey with Trintech
To simplify and expedite its financial close process, the Asia-based fast-food company has implemented Trintech’s software solution. McDonald’s Japan, which...
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Cadency Tip of the Month: Bulk vs Dynamic Account Maintenance
The implementation of Cadency is the first step in improving your processes, but full utilization of its capabilities is what...
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CPO’s Corner: Accounting Journal Entry Automation
As I talk with accountants, controllers, CAOs and CFOs, accounting journal entry management is a regular topic of discussion. What...
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Artificial Intelligence: Much Will Change. Core Finance and Accounting Responsibilities Will Not.
Bill Marchionni, Account-to-Report Advisory Global Program Leader, The Hackett Group What is AI? Much is being said and discussed about...
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Year-End Close: The Big Test. The Proving Ground.
Bill Marchionni, Account-to-Report Advisory Global Program Leader, The Hackett Group Year-End Close: It All Must Come Together. It all must...
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Preparing for the Future of Finance: Automation in the Financial Services Industry
The financial services industry, including institutions like yours, faces great potential for growth: in 2020, total global wealth surpassed $400...
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How Automated Financial Close Management Can Help Credit Unions Grow Memberships
With a recent study finding that the national median of membership growth to credit unions over a 12-month period has...
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Cadency Tip of the Month: 5 Tips to Leverage Cadency Match
With supply chain pressures resulting in more intercompany relationships, new business channels with third-party agents creating more data trails, and...
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