Posts Categorized: Journal Entry

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November 18, 2015
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Baker’s Dozen Checklist for Selecting Close (R2R) Automation Software

Due to an increase in regulations and stakeholder demands, the pressure on the organization’s financial close and reporting processes is greater than ever before. These pressures often require organizations to disclose more information in their reports, and in a shorter time frame than ever before, dramatically increasing the risk of errors across their office of...

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November 9, 2015
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Top 10 Record to Report Red Flags

Often used as an early warning system, red flags can proactively assess the risk of re-work, financial restatements, and fraud throughout your financial process. The importance of these red flags is critical, as they foreshadow any risks prior to them negatively impacting the integrity of your financial close. These red flags often occur throughout your...

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January 7, 2015
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SAP Insider – Trintech EVP Talks Finance in the Cloud

In a recent SAP® Insider, Trintech EVP Robert Michlewicz discusses “Evolving for Efficiency: Financial Processes Gain Speed and Agility Through Cloud Deployment Options.” In the article, Michlewicz  explores issues faced by finance executives due to limited point solutions, globalization and rapidly changing regulatory requirements and the benefits of cloud-based solutions in resolving these issues. “On...

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February 28, 2014
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Audits Are Under the Microscope Again. Will You Pay the Price?

On October 23, 2013, the Public Company Accounting Oversight Board (PCAOB) issued a Staff Audit Practice Alert in the light of a significant number of audit deficiencies observed in the past three years related to audits of internal control over financial reporting (ICFR). In December 2012, the PCAOB found that in 15 percent of audit...

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September 4, 2013
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Continuous Control is Essential: Why is it Still Manual?

In the KPMG paper Continuous Auditing and Continuous Monitoring (CA/CM): The Current Status and the Road Ahead, KPMG highlights the board and regulatory compliance pressures, cost and efficiency considerations, and the business risks emerging that are having a lens focused on Internal Control teams. The CA/CM discussion has been around since the early 90s and...

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July 11, 2013
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How to become a Top Performing Finance Group in Record to Report

(ENLARGE INFOGRAPHIC)  (EMBED INFOGRAPHIC) At first sight, the Record-to-Report (R2R) cycle may look like a stable process. But observers of financial reporting over the last decade know that it is actually in a constant state of flux, buffeted by heavy regulation, accounting standards, changing requirements and technical limitations. This has encouraged businesses to acquire so...

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May 20, 2013
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BLOG: Live Update from the 2013 Trintech Customer Conference – DAY ONE!

Getting My Conference Cadence Going! After a bumpy flight over the Atlantic, a day later than expected, I’m finally in Vegas and ready for Conference! First stop was the Registration Desk smoothly operated by a fab team as usual! Badge on, agenda on the iPad, the sessions I want to attend have been selected. I...

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May 9, 2013
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Why Companies Should Invest in Improving the Whole Record-to-Report Process

When setting about refining the Record-to-Report (R2R) process the task can seem overwhelming at first. But recent research shows that tackling only segments of the R2R process is a false economy (The Challenges of Corporate Financial Reporting – Accenture 2012). After all, the R2R process can only work at the pace of the slowest sub-process...

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