The primary objective of any financial transformation project is to achieve process improvements by increasing the quality, effectiveness and efficiency of financial information, ultimately enhancing shareholder value. The challenge with financial transformation, however, isn’t why you would do it, but how you do it. While all projects being with the intent of success, often times many...
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With an eye on overall process performance, one of the constant objectives of forward-looking or more mature Shared Services is more control of a process from end-to-end. A recent report published by SSON, “2017 SSON State of the Industry Report,” states that more than two thirds of respondents are targeting end-to-end process management, implying Shared...
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As you begin your financial transformation journey, it is important to first assess your current level of maturity and key areas of focus for improvement. Once you have made that assessment, the next big decision is how to implement. Will you opt for a staged evolutionary approach, or a big bang revolution? Through extensive experience,...
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Trintech recently participated in SSON’s 20th Australasian Shared Services and Outsourcing Week in Sydney, Australia, helping to educate companies on the many benefits of implementing Risk Intelligent Automation across their Record to Report process. Goals from the week included how to make your office of finance a strategic part of your business, and how to look...
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It’s an important part of any initiative to not only set goals, but also determine how a goal will be defined as met. What will success look like? How will it change as different factors come into play? Financial Shared Services’ initiatives have primarily been undertaken to deliver reduced costs and improved efficiency. These goals...
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Trintech, a leading global provider of integrated, cloud-based Record to Report (R2R) software solutions for the office of finance, announces the launch of its new Customer Advisory Board in a continued focus on putting its customers and their needs first. Representatives from companies including Siemens, MetLife, Aon and more have joined the board to meet...
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According to leading analysts, CFOs are routinely certifying documents that are not fully accurate and are doing so without any measure of risk. So, how can the office of finance ensure the integrity of the balance sheet, contribute to the health and growth of the business and gain early insight into risks, while ensuring they...
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Bryana (Brie) Keggins is the Software Quality Assurance Manager at Trintech and has been with us for nine years. She wasn’t always a techy. She initially headed off to college for fashion design, but quickly changed direction and ultimately earned her degree in Business Administration and Computer Information Systems from the University of Baltimore. At...
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Does your company have plans to undergo a merger or acquisition in its future? If so, you may face an increase in auditing fees, writes David McCann for CFO.com. In looking at the list of the organizations with the top 10 audit fee increases for Fiscal Year 2016, six were identified as having recently merged...
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Over the last 20 years, the compliance environment has changed significantly from self-regulation to statutory enforcement, with the list of regulations constantly changing and growing to include anti-money laundering and anti-fraud legislation, privacy, financial, IT security and more. Today, the soaring complexity of compliance is no longer a temporary challenge – it is the new...
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