Posts Categorized: Record to Report

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

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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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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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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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