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August 27, 2013
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The Buzz Abounds Around “GBS” – Global Business Services is the New “It” Term for SSC’s

Now I love a buzz term as much as anyone (no surprise as I work in Marketing) but the latest term on the rise is the acronym for Global Business Services – “GBS.” I know you are thinking… not another one! The fact is it’s much quicker to write brochures, respond to RFPs and keep...

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July 19, 2013
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Blog – Inline Support at the SEC: Just a Matter of (2014) Time

Taking a page from the “let’s not make Friday the only fun day of the week” playbook, the SEC yesterday released a request for proposal (RFP) regarding introducing support of Inline XBRL as part of its Interactive Data mandate.  Details of the RFP can be found on FedBizOpps with tactical highlights being as follows: Responses...

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July 11, 2013
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How to become a Top Performing Finance Group in Record to Report

(ENLARGE INFOGRAPHIC)  (EMBED INFOGRAPHIC) At first sight, the Record-to-Report (R2R) cycle may look like a stable process. But observers of financial reporting over the last decade know that it is actually in a constant state of flux, buffeted by heavy regulation, accounting standards, changing requirements and technical limitations. This has encouraged businesses to acquire so...

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July 1, 2013
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The Perfect Reconciliation Audit in 4 Easy Steps – Accounting Best Practices

With a perfect reconciliation audit you have the tools and safety net to stay compliant with even the strictest accounting regulation. The International Financial Reporting Standards are converging on the toughest regulatory act: the American Sarbanes-Oxley (SOX) Act of 2002. SOX, requires a company to have internal control mechanisms in place to catch any potential...

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July 1, 2013
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“Where’s the Beef?” in SEC XBRL Comment Letters?

Okay, yes, I’m a burger fan, and yes I’m from Wendy’s back yard in Akron, OH (just a trip up I-71 from the birthplace of the Frosty in Columbus, OH).  So it should come as no surprise that it’s with great fondness that I remember back to the Wendy’s marketing campaign in the mid-80’s with...

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June 25, 2013
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Mobile is a Game-Changer for the Record to Report Landscape

In the last couple of years there has been a dramatic shift in the way that individuals access the Internet. Desktop computing has given way to laptops, tablets and mobile devices. In fact the transition has been so dramatic that for the first time this year there are more mobile devices in the world than...

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June 13, 2013
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Avoid The Hidden Bear Trap – Benchmarks for Managing Interfaces and Data Complexity

Wrapping up this blog series, this is my fourth blog on Benchmarking as it relates to the Record-to-Report process. Managing Interfaces Interfaces between local ERP systems and the corporate reporting pack represent a hidden ‘bear trap’ for the unwary. Typically, automatic interfaces are managed by ETL (Extract, Transform and Load) tools, often under the supervision...

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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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