Posts Categorized: Compliance and Controls

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June 13, 2019
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The Power of the Checklist: Gaining Control of the Financial Close

Ten years ago, the world was captivated by the scenes on TV of a plane in the Hudson River as passengers stood on the wings waiting to be rescued. Despite the loss of both engines shortly after takeoff, all the passengers and crew were saved because of the quick actions of Captain Chesley “Sully” Sullenberger...

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June 4, 2019
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Content We Love — Higher Revenue and Profits Linked to Digital Maturity

Technological advancements become mainstays of society when they begin to show positive returns. In this vein, digital maturity, often through automation, has been shown to boost company revenue and profits. Recently released research by Financial Executives International (FEI) provides an interesting perspective on how the bottom line can be boosted through digital innovation. Benchmark from...

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May 14, 2019
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How an Automated R2R Process Can Boost a CFO’s KPIs

The R2R process is bursting with data just waiting to be analyzed. Utilizing an automated solution allows the CFO to take a deep dive into their KPIs.

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May 1, 2019
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The Invaluable Benefits of Transparency in the Financial Close

As a corporate finance leader, you regularly strive to deliver useful, timely data to support decision makers inside and outside your organizations. To that end, the close process must be robust and controlled to provide a reliable snapshot of company performance. Yet how much do you really know about your month-end close process? About the details and due dates and deliverables? How much can you really see?

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May 1, 2019
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The Changing Role of Finance and Accounting

As a corporate finance leader, you regularly strive to deliver useful, timely data to support decision makers inside and outside your organizations. To that end, the close process must be robust and controlled to provide a reliable snapshot of company performance. Yet how much do you really know about your month-end close process? About the details and due dates and deliverables? How much can you really see?

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April 1, 2019
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Content We Love — The Importance of Financial Controls

When companies are focused on growth and brand expansion, it is all too easy to lose track of risk assessment protocols and financial controls. In the case of one UK-based business, their leadership struggled to maintain visibility into their finance & accounting (F&A) team’s work. Detailed in an AccountancyAge article, the organization’s struggles may lead...

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March 6, 2019
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How to Improve Banking Risk Management Post-Royal Commission

The implications of the Royal Commission’s final report are still echoing across multiple industries. In the meantime, the focus of the report, the financial sector, needs to buckle down and prepare to change. Outlined in more than 500 pages, Commissioner Hayne brought the industry to task for issues of financial reporting, visibility and overall best...

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November 16, 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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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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