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 22, 2018
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Automation Provides the Insight to Drive Growth

If your industry is in a time of crisis, let’s face it – your workload isn’t going down. In fact, it’s rising because, in addition to your usual financial close tasks, you are now being asked to do analysis around how to respond to the volatility in your industry. What will the impact on the...

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February 12, 2018
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Optimizing Your Finance Organization – Doing More with Less

Technology and data are identified as two of the key issues impacting the effectiveness of finance in providing the quality of decision support needed. For many finance functions there is no single interpretation of the available data across the enterprise, making the governance process a continued challenge. The Hackett Group, along with our own customers,...

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February 2, 2018
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How to Optimize Your Intercompany Accounting Process

Visibility within your organization’s financial processes may already be a challenge, but intercompany reconciliations pose an even greater challenge facing organizations with multiple and complex entities. In order to be a successful global organization, it’s important for the various entities to work together and share resources and materials, however it’s even more important to keep...

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January 31, 2018
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How to move from good to great using financial controls

What separates a good finance department from a truly great one? In a word: confidence. Confidence in the accuracy of reported numbers. Confidence that you could withstand any audit. Confidence that you can close in five days or less. “Five days?!” you ask. Yes. That’s the benchmark for top-performing companies. And many are even faster....

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January 16, 2018
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3 Ways to Bullet-Proof Your Financial Controls

In most organizations, internal controls are seen as burden: a source of growing labor costs and time-consuming documentation. But for today’s top-performing finance departments, this couldn’t be further from the truth. By integrating a standardized risk and control framework into their day-to-day activities and reporting processes, industry leaders have transformed these functions into critical value-added...

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January 12, 2018
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Taking Your Financial Close to World-Class

Despite the digital age we all live in, it is not uncommon for even enterprise-class organizations to rely on spreadsheets, emails and phone calls to manually manage tasks critical to the Close. Still, we all know that this approach is not a strategic, beneficial, growth-oriented, or long-term solution. Do you want your highly skilled people...

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December 29, 2017
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Top 4 Record to Report Trends of 2018: Trend #4 – Data Will Be the Commodity and Finance Will Be the Stewards of It

According to KPMG in their 2017 CEO Outlook survey, “62% of CEOs stated data analytics will be their greatest area of technology investment in 2018.” As the office of finance continues to become a more strategic asset to the business, the data they produce is key to help drive the business forward. Disruptive technologies are...

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December 27, 2017
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Top 4 Record to Report Trends of 2018: Trend #3 – Cloud ERP Will Simplify the Selection of Best In Class Solutions

Although the concept of the Cloud is not new, the idea of organizations moving to a cloud-based ERP is an upcoming trend that presents many opportunities for automation and standardization for organizations. However, although moving to a cloud-based ERP is a step in the right direction, it is critical to remember that an ERP alone...

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December 22, 2017
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Top Record to Report Trends of 2018: Trend #2 – Bottlenecks Will Be Shattered

According to a study by The Hackett Group, manual activities are, somewhat predictably, the largest bottleneck and area of concern in the close process. What might be more surprising is that, for top performing companies, the management of intercompany reconciliations is just as big a concern. As you can see to the right, both top...

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December 20, 2017
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Trintech’s Chicago User Group

Representatives from more than a dozen Trintech customers gathered in Illinois last week to meet, discuss and learn from each other during the Chicago User Group meeting. Following an introduction that covered who was in attendance, what solutions everyone used, how long they’ve had the product and what their expectations for the meeting were, Product...

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