Posts Categorized: Record to Report

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

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February 11, 2019
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Content We Love — Why Upgraded Tech Is Your Team’s Best Path to Productivity

Outdated financial processes significantly slow down productivity. Learn about the best method to boosting your employee productivity and how you can apply it to your company.

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February 8, 2019
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Innovation within the Downstream Oil and Gas Industry

Since 2007, there has been an almost 5% decrease in primary energy consumption globally. And historically, downstream oil and gas organizations­ – the most common of which are your typical convenience stores (C-store) – have relied heavily on energy consumption as a large part of their revenue. However, in recent years, many downstream companies have...

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February 4, 2019
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3 Looming Developments in the Midstream Oil and Gas Industry

In recent years the historical risk factors that have impacted the midstream oil and gas sector – e.g., commodity price volatility, geopolitics, increased competitive intensity, etc.— have grown exponentially more complex. While once tethered to physical supply and demand, the price of crude oil is now tied closer to macroeconomic influences that make turning a...

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February 4, 2019
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How Cost-Cutting Strategies within the Upstream Oil and Gas Industry Can Spell Disaster for their Office of Finance

The upstream oil and gas industry has always held a certain level uncertainty within its revenue stream. Like early wildcatters[1] drilling exploratory oil wells in the hopes of striking it rich, today’s upstream industry can often struggle to remain profitable in the face of issues beyond their control. Issues such as: Advances in non-fossil fuel...

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February 4, 2019
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Content We Love — The Changing Role of the CFO

For the past ten years, the role of the CFO — in addition to their accounting team’s function — has rapidly evolved. The CFO is no longer regarded as simply a number cruncher but is now required to step into the role of financial strategist, and an interesting EY study, The Changing Role of the...

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September 6, 2018
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Best Practices of Established Shared Service Centers

Here you’ll find a brief summary of the trends of SSCs that have been established four to six, seven to ten and 10+ years, and a discussion on how some are automating manual tasks and establishing new best practices to mirror the innovation that they were once realizing.

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September 6, 2018
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Shared Services in Finance and Accounting

Historically, companies have chosen to consolidate their office of finance’s operations to a shared service center (SSC) as a cost-saving measure that drives efficiency and standardization. However, according to the Shared Services and Outsourcing Network, there’s been increased focus on data analytics and long-term ROI over the past couple of years, particularly with companies in...

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July 11, 2018
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Get Your Evenings Back with an Automated Financial Close

“It’s not what I know that keeps me up at night, it’s what I don’t know and the impact it could have on our business.” As organizational environments increasingly become more complex, compliance-focused and technology-driven, CFOs and controllers have even greater pressure to ensure the integrity of the financial close. It’s easy to say, “That...

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July 4, 2018
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How to Reduce Stress During the Financial Reporting Process

In any organization, there are very few who do not feel pressured. Yet, everyone assumes that all departments are under the same level of stress, if not a little less – the ‘grass is always greener’ psychology. Contrary to what some may think, finance departments must produce more than just a profit-loss statement and balance...

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March 2, 2018
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5 Reasons to Ditch Your Error-Prone Spreadsheets

With the accounting world becoming more and more complex and accounting standards shifting, it can be really difficult to keep up. Pressures to be more accurate and more transparent have never been so high, and with those increased pressures comes additional stress and risk of mistakes occurring. Times are changing, but luckily so are the...

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