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May 30, 2013
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Setting R2R Benchmarks Improves Velocity of Financial Reporting and Data Quality

Setting Record-to-Report Benchmarks By carefully designing internal benchmarks it is possible to provide a framework, which brings about continuous improvements in the performance of the Record-to-Report process.  Normally the most pressing concerns relate to productivity (we have already mentioned man-days per entity as a measure of this), speed of financial reporting and data quality.  Ideally,...

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May 22, 2013
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BLOG: Live Update from the Customer Conference – A Word About Our Partners!

Passionate Partners Participate KPMG, Deloitte, HP, Ernst & Young, Capgemini and The Hackett Group were all participating at our Executive Circle to hear more about Cadency; Trintech’s new and exciting Record-to-Report software.  They now know exactly how this is helping clients to reinvent their R2R Processes. Of course, they are not going home without first...

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May 22, 2013
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BLOG: Live Update from the Customer Conference – DAY THREE!

And in the words of Gloria Gaynor… I will survive… That particular song was not at our Conference party last night, but we have some hidden talent in our clients as they (not always willingly) took the Sing or no Sing challenge last night at the fabulous LUX Nightclub at the M Spa & Resort...

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May 21, 2013
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BLOG: Live Update from the Customer Conference – DAY TWO!

A Briefcase Full of Cadency… OMG Bill Shermer rocked the stage this morning introducing our clients to a whole new Rhythm of Finance! Bill took on the role of Elwood Blues from the Blues Bothers and took the challenge to deliver our “Mission from God” much further than Chicago. Have a quick look at our...

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May 20, 2013
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BLOG: Live Update from the 2013 Trintech Customer Conference – DAY ONE!

Getting My Conference Cadence Going! After a bumpy flight over the Atlantic, a day later than expected, I’m finally in Vegas and ready for Conference! First stop was the Registration Desk smoothly operated by a fab team as usual! Badge on, agenda on the iPad, the sessions I want to attend have been selected. I...

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May 17, 2013
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Moving from Pain to Gain in the Financial Close

By special guest Anne Bothwell, Principal, KPMG LLP The financial close process can be difficult. But many companies endure far more pain than necessary. Smart companies have found inexpensive yet sustainable technology solutions. A relatively small investment in proven technology can, in fact, yield greater efficiencies in the close process, turning pain points into potential...

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May 15, 2013
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Process Improvement Involves Benchmarking… But Benchmarking What?

It may seem obvious, but in order to bring about process improvement, an organization needs to set objective benchmarks against which progress, or the lack of it, can be measured. But many businesses are surprisingly reluctant to establish benchmarks.  And then there is the thorny question of what sort of benchmarks are appropriate for the...

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May 9, 2013
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Why Companies Should Invest in Improving the Whole Record to Report Process

When setting about refining the Record to Report (R2R) process the task can seem overwhelming at first. But recent research shows that tackling only segments of the R2R process is a false economy (The Challenges of Corporate Financial Reporting – Accenture 2012). After all, the R2R process can only work at the pace of the...

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April 30, 2013
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Are you Benchmarking the Record to Report (R2R) Process?

Earlier this week I stumbled across some research carried out in 2009 (“The Intelligent Enterprise” Economic Intelligence Unit), which showed, how the speed of business decision making is accelerating and becoming more centralized as senior management take charge of their organization’s destiny in the face of mounting economic pressure. Regulators are also demanding information more...

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April 23, 2013
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Why Automate the Record–to–Report (R2R) Process?

Recent research shows there are many reasons but first and foremost is: REDUCE COSTS The cost of finance is increasing due to the regulatory mandates that are being put in place globally, not just in the SEC filing space (see our XBRL International Blog post by Rob Blake following last week’s XBRL International conference in...

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