How are you currently handling your intercompany accounting? If you’re like most international companies, it’s a messy, inherently risky process with an innate lack of visibility into the key details, but you’ve developed at least some way of dealing with its challenges, and historically that has allowed you to at least complete the process. Intercompany...
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A company is nothing without its customers, and Trintech is no exception. A customer-centric culture permeates throughout every team, driving their efforts in several different ways. In particular, the documentation team, an important part of the company’s Customer Success group, is comprised of technical writers who are responsible for creating and maintaining the company’s customer-facing...
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Robotic Process Automation has become a technology buzzword, but one that must be approached with care. As with a new car, slapping a shiny paint job on a piece of junk will not turn it into a new vehicle. In terms of automated processes, a company must have a solid base of operations before implementing...
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How detective controls can resolve the discrepancies between your subsidiaries’ trade transactions During the intercompany accounting process, auditors handle two types of transactions, trade and non-trade. For today, we’ll focus on trade and look at how detective controls can help you handle the process of reconciling these transactions with discrepancy management. For example, let’s...
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Seldom would a company consider an increase in sales to be a problem, but every sale translates into a transaction that needs to be properly reconciled. If the amount of transactions increases faster than your accounting team’s ability to handle them accurately, then your company could face a loss of consumer and investor confidence as...
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How preventative controls can make your non-trade intercompany reconciliation process predictable, reliable, and dependable Within intercompany accounting, there are two types of transactions, trade and non-trade, also known as product and non-product. For today, we’ll focus on non-trade and look at how preventative controls can help you manage the process from the initial invoice...
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Trintech, a leading global provider of integrated Record to Report (R2R) software solutions for the office of finance, today announced that it has been named One of the 10 Fastest Growing Robotic Technology Solution Providers to Watch in 2018 by Technology Headlines Magazine. In addition to being named in this prestigious list, Trintech is also...
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Headquartered in St. Paul, Minnesota within the national Farm Credit System, AgriBank assists some 238,000 borrowers; it lends money to farmers, ranchers, agribusinesses and rural homeowners, while also providing risk management and retail banking services. Serving a 15-state region extending from Wyoming to Ohio and Minnesota to Arkansas means that AgriBank must successfully complete a...
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According to the Federal Reserve, since the early-2000s, using checks as a form of payment has declined from being the primary non-cash payment method to the last form of payment people choose to use, accounting for around 12% of all transactions[1]. Debit and credit cards have become the predominant form of payment across all sizes...
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Trintech, a leading global provider of integrated Record to Report (R2R) software solutions for the office of finance, today announced the release of Cadency 5.0, an extensive update to its industry-leading approach to conducting the financial close process in the most efficient and effective manner possible. The company’s latest release of its comprehensive R2R solution...
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