Posts Categorized: Month End Close

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

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July 25, 2019
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Three Simple Reasons Why Spreadsheets Aren’t Reliable Automation for Your Financial Close

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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July 23, 2019
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How to Reduce the Stress of the Financial Close on Your Team

What do you call a financial controller who works nights and weekends, doesn’t go out for lunch and rarely takes a vacation? Lazy! It’s a classic accounting industry joke. Unfortunately, it still rings true today because many accounting departments in small- to medium-sized enterprises tend to be stuck in the past. For example, during the...

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July 18, 2019
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Three Benefits of Streamlining the Financial Close in Aged Care

Australia has a global reputation as a nation of surfers and Outback explorers, and all that healthy outdoor living has led to the sixth highest life expectancy in the world[1]. With that increased life expectancy comes a sizeable aged population needing specialized care. Though subsidised by the government, the Australian aged home care sector’s finance...

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July 11, 2019
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How to Excite An Accountant During Close

There are no compromises in producing reliable financial statements, and balance sheet reconciliations is one of the most important internal controls over financial reporting that can’t be under-appreciated. Read this blog to find out how a System of Controls can ensure the integrity of your financial close.

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June 25, 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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June 20, 2019
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Moving from Manual to Modern: The Benefits of Business Process Automation

When it comes to automation in the workplace, not a week goes by without the release of a new study on how machines will impact jobs. Some suggest that the transfer of repetitive tasks from the hands of workers to machines will elevate the type of work people do. On the other hand, there are...

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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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May 16, 2019
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R2R Automation Framework: Artificial Intelligence

Have you heard that Machine Learning (ML) and Artificial Intelligence (AI) are enabling computers to win at chess, using weather data to improve profits and providing insights previously never imagined? It’s true, and Trintech is in the process of building out ML and AI technologies that help you improve your controls in your financial close...

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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 8, 2019
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Global Overnight: How to Ensure the Integrity of Your R2R Process Post-M&A

The merger and acquisition process has a significant impact on your company as a whole, but what about the office of finance? Learn how automating the R2R process ensures a global cohesion throughout the financial close.

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