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February 12, 2014
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Disclosure of non-financial information puts pressure on corporate compliance

A draft report on the proposal for the disclosure of non-financial and diversity information by certain large companies and groups presented to the European Parliament committee on legal affairs (JURI), significantly raises the burden of disclosures about risks. The proposal suggests that with regard to human rights, anti-corruption and bribery, non-financial statements should include information...

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February 12, 2014
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Taking up the Slack in Financial Processes – Shared Services and the Cloud

In a highly competitive global environment, winning and retaining new business can be very costly.  In the face of downward pressure on prices, rising and volatile input costs, many organizations have cut costs to the bone.  As we navigate 2014, meeting the demands of this new era in competitiveness is characterized not so much by...

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January 31, 2014
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10 Years in the Cloud

10 Years in the Cloud Trintech celebrates 10 years as a Financial SaaS provider. Offering our software in a SaaS environment was driven by our client requirements back at the start of the Millennium.  The expansion of internet use as a key delivery mechanism for software and the continued need for cost-effective, tightly controlled &...

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January 17, 2014
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EU abolishes quarterly reporting at last! US to follow?

The new European Transparency Directive, which was published at the end of 2013 in the Official Journal, is now in force. In a major effort to simplify the burden of financial reporting, the EU has killed off quarterly reporting for publicly listed companies.  Local (country specific) legislation is required to follow suit although in special...

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January 9, 2014
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Revenge of the XBRL Fallen at the SEC in 2014?

Given Michael Bay’s on-stage implosion Monday at CES in Las Vegas, a shout out to his forgettable second Transformers-based movie and its potential similarity to XBRL in 2014 at the SEC.  While the Autobots assumed the Decepticons threat was put to rest only to have them rise again in Transformers 2:  Revenge of the Fallen,...

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January 6, 2014
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What’s the Breaking Point for Employees in Financial Close?

A Deloitte survey in late 2012 asked contributors “which element of the financial close was closest to Utopia?” The elements considered the quality of the process, the clarity of accountability/ownership and the amount of time that technology released people to do more thinking. But tucked within the analysis was the finding that out of 1,458...

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December 19, 2013
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Will it be Cloudy for Finance in 2014?

Will it be Cloudy for Finance in 2014? Most definitely yes… But in a good way! Trintech has witnessed a shift in the market as our clients more readily adopt Cloud Solutions, becoming more comfortable with the switch in the software delivery model.  Why? Because Cloud just makes things easier, wherever you are and whatever...

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December 18, 2013
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EU Accounts Signed Off, but Errors Persist

EU accounts signed off, but errors persist in all main spending areas, say EU Auditors The annual report on the EU budget for 2012 financial year was published recently by the European Court of Auditors (ECA). In 2012 the EU spent €138.6 billion, but in most spending areas of the EU budget the report finds...

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December 11, 2013
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Volume of Disclosures Under the Microscope Again

When is enough … enough? US Securities and Exchange Commission (SEC) is once again wrestling with the question of whether statutory disclosures are too lengthy.   It’s a question that needs to be asked from time to time otherwise regulators and standard setters continue to add to the burden of reporting and nobody challenges what can...

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December 5, 2013
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Sustainability back on the corporate agenda

The global economy is showing signs of recovery and now that boards can breathe more easily attention is turning once more to sustainability reporting.  Of course many companies are already taking their civic responsibilities very seriously but none other than UN Secretary-General Ban Ki-moon used the triennial UN Global Compact Leaders’ Summit, to discuss sustainability...

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