Posts Categorized: Operational Reconciliations

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

Resources

July 24, 2017
Posted by:

Why Financial Transformation Projects Fail

The primary objective of any financial transformation project is to achieve process improvements by increasing the quality, effectiveness and efficiency of financial information, ultimately enhancing shareholder value. The challenge with financial transformation, however, isn’t why you would do it, but how you do it. While all projects being with the intent of success, often times many...

Read More
April 24, 2017
Posted by:

Are You Closing Outside Your ERP?

One of the most common things we hear when speaking to companies about improving their financial close process through automation is “But I already have an ERP in place.” It’s true that an ERP goes a long way towards helping manage some of the closing processes, however, there is still a great deal that is...

Read More
February 17, 2016
Posted by:

Do Companies Have A Looser Grip On Controls Than They Think?

According to an article in the Wall Street Journal and a survey from the Institute of Internal Auditors (IIA), companies seem to have a looser grip on their internal controls than they realize. With recent high-profile stories like Hertz and Toshiba, it is clear that organizations need to increase the use of technology to automate all...

Read More
February 9, 2016
Posted by:

#ContentWeLove: Are You Miscalculating Technology ROI?

Are traditional methods of calculating ROI holding you back from adopting new technology? We are glad to see it isn’t just us at Trintech who have realized that more often than not, the way you calculate your ROI may be inhibiting your company’s potential for future growth. This past year, SSON.com has expressed its view...

Read More
December 21, 2015
Posted by:

There’s More to Operational Reconciliations than Matching

Why is matching such a cumbersome process? Haven’t we invested enough money into our ERP’s to make this process easier on us? Let’s be clear, matching should be pretty straight forward, however, due to the lack of consistency across our data, we still find ourselves using spreadsheets and databases to complete the process manually outside...

Read More
August 27, 2015
Posted by:

Content We Love – CFO Metric of the Month

It isn’t just us at Trintech who have been evangelising the importance of recording, reporting and continuously managing your Record to Report metrics this August. CFO.com have also got in on the act with their most recent Metric of the Month: Close-to-Disclose Cycle Time.   In their recent article, which can be seen in full by...

Read More
June 17, 2015
Posted by:

Content we love: APQC Blog – Are You Ready to Fix Your Process?

APQC is running a great series of blogs around the process improvement cycle that follows our experiences of the process management cycle. Although “Improving finance technology is the #1 method that finance professionals identify for making finance processes more effective¹”, it isn’t a panacea and yet this is commonly the starting point for most companies. While...

Read More
March 3, 2015
Posted by:

Should we all be thinking effort to close rather than time to close?

Companies pay specific attention to their time-to-close, and reducing this has been a key financial objective for years. However, is this the most useful indicator when looking at your close performance? Speed vs Quality The common adage in terms of speed, quality, and cost states that you can only pick two. One Trintech customer example...

Read More

By Topic