Posts Categorized: Compliance and Controls

Explore the latest industry leading trends, topics, and best practices from the experts at Trintech

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August 29, 2018
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Content We Love — How an IPO Process Really Works

The IPO process is oftentimes either misunderstood or cloaked in mystery. However, an article recently published by Forbes takes an in-depth look at the IPO process. Written by Howard Lerman, founder and CFO of Yext, a company that just recently became public, the piece aims to remove a bit of the mystery that surrounds the process of going public. “Being public has always been our destiny,” Lerman said. “We do not want to favor...

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August 29, 2018
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Content We Love — 16 Years Later, SOX Compliance Continues to Evolve

At Trintech, we understand the importance and time commitment of remaining compliant with all applicable financial regulations. We also know that even after nearly two decades of SOX compliance, many organizations still struggle to adapt to frequent regulatory updates. Indeed, CFO.com recently published an interesting perspective on how the costs and difficulty level of complying with these regulations continue to rise for many companies. According to a Protiviti report, companies are simply not prepared to adapt to these changes. Recent economic shifts have caused...

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August 23, 2018
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Best Practices for Risk and Compliance in Midsized Banking

As the money movers, both corporate and personal, banks hold enormous sway over the economic environment. However, that power is often wielded irresponsibly as financial professionals cling to their outdated manual processes to complete their period end. Regulatory compliance and financial risk are ever-present and ever-changing threats within banking and finance, and these employees must have a dependable process in order to avoid costly and embarrassing...

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July 14, 2018
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4 Steps to Managing Corporate Financial Risk with Automation

Corporate financial risk is a known threat that CFOs must factor into their decision-making; trying to mitigate that risk through a manual approach of emails, spreadsheets, and binders is an ineffective defense. In today’s business world, there continues to be a steady uptick in instances of financial risk—shown below—that can impact both companies and their...

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June 26, 2018
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5 Areas CFOs Need to Have More Control of in the Month End Close Process

Every CFO would like to believe that they consistently maintain tight control over the accounting team and their accounts and reconciliation processes. But in reality, this control can be extremely limited. In our recent market survey, we discovered that most CFOs admittedly continue to struggle to gain control over their monthly close process. In fact,...

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June 22, 2018
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COSO History, Framework Principles, and The Fault in the Implementation Foundation

As fraud levels worldwide continue to reach all-time highs[1], many companies have growing concerns over their financial security. This has led companies of all sizes to adopt best practices and new risk frameworks in order to combat this growing threat. The most common of these best practices is the COSO Framework©, a model for evaluating...

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June 13, 2018
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5 Best Practices for Risk Management

With regulatory compliance and overall financial scrutiny increasing on a regular basis, companies around the world are finding it difficult, especially as they grow and become more complex, to reliably strengthen their controls throughout the entire Record to Report process. Simultaneously, risk management is becoming a heavier focus for executives worldwide. Not only does this...

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May 22, 2018
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5 Steps to Improving Financial Processes and Controls with Technology

Conducting the final close through manual methods, such as spreadsheets, is the equivalent of trying to complete a relay race where the runners must collect a different baton at each checkpoint, and then pass on the growing collection to the next person in line. Because each person has their own unique gait and cadence, and...

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January 16, 2018
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3 Ways to Bullet-Proof Your Financial Controls

In most organizations, internal controls are seen as burden: a source of growing labor costs and time-consuming documentation. But for today’s top-performing finance departments, this couldn’t be further from the truth. By integrating a standardized risk and control framework into their day-to-day activities and reporting processes, industry leaders have transformed these functions into critical value-added...

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December 11, 2017
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Canadian Unclaimed Property Challenges – And How to Navigate Them

Let’s face it: The holidays are a blur of closing out the year and celebrations, and the last thing on anyone’s mind are those reporting and escheatment deadlines at the end of the fiscal year and the spring. But if you’re in Alberta, British Columbia or Quebec, those deadlines are important for your organization. Unclaimed...

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