Posts Categorized: Record to Report

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

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October 6, 2017
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Building Your Killer Business Case – Underpinned by a Robust ROI

Last month, a colleague and I presented a webinar on how to build a killer business case for Record to Report transformation (view the eBook) to finance professionals and transformation managers, all of whom had a common goal – to start a finance transformation project. As with any kind of project within an organization, funding is always a challenge....

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September 21, 2017
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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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September 13, 2017
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Exciting Updates Coming in a Series of Releases for Trintech’s Product Suite

Mark your calendars – the coming week is a big one here at Trintech as several of our innovative solutions receive exciting updates in a series of releases. Our most expansive release is for our Cadency users as we introduce Cadency 4.0. The new version features updates in Risk Intelligent RPA™, making the powerful tool...

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August 28, 2017
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Ensuring a Scalable and Compliant Finance Organization

In a recent study conducted by CFO Research, “A combined 63% of respondents described the state of their finance function’s technology as ‘inefficient,’ ‘silo-constrained,’ or not linked to decision-making.” Furthermore, research from PwC states that the number one method finance professionals identify in making their finance processes more effective is improving their finance technology. At...

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July 27, 2017
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Building a Convincing Business Case to Replace Record to Report Spreadsheets

Excel and spreadsheets are great tools and oftentimes the backbone of many organization’s Offices of Finance and Accounting, and have been for decades. Whether it’s for financial, analytical and/or operation processes, companies have looked to those spreadsheets for answers. But in today’s modern business world and in companies dealing with complex and high-value balance sheets...

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July 24, 2017
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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...

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July 20, 2017
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Driving Excellence Across Your Shared Services Center with Record to Report Automation

With an eye on overall process performance, one of the constant objectives of forward-looking or more mature Shared Services is more control of a process from end-to-end. A recent report published by SSON, “2017 SSON State of the Industry Report,” states that more than two thirds of respondents are targeting end-to-end process management, implying Shared...

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June 30, 2017
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Prevent Increases in Audit Fees During Mergers and Acquisitions

Does your company have plans to undergo a merger or acquisition in its future? If so, you may face an increase in auditing fees, writes David McCann for CFO.com. In looking at the list of the organizations with the top 10 audit fee increases for Fiscal Year 2016, six were identified as having recently merged...

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June 13, 2017
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Smart RPA is Risk Intelligent RPA™

From Leonardo da Vinci sketching humanoid robots to the introduction by General Motors in the early Sixties of Unimate, the world’s first industrial robot, the vision of robotics has evolved immensely over the years. Today, we have entered a period where robotics continues to expand across our everyday lives, automating the low-value, menial tasks so...

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June 1, 2017
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Why It Is Critical to Focus on the Entire Record to Report Process Rather Than the Individual Parts

The office of finance is tasked with improving finance efficiencies and reducing costs while providing higher quality, higher value service to the business. In short, delivering more with less. However, without effective Record to Report (R2R) technology, finance organizations struggle with a lack of standardized processes, bottlenecks in their workflow, and poor visibility, further complicating...

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