5 Insights From The Hackett Group On the Long Term Impacts of COVID-19
In April 2020, The Hackett Group conducted a survey of about 100 companies, to get fresh information about the impact of COVID-19 on organizations, their offices of finance and Record to Report processes. Trintech recently performed a joint webinar with The Hackett Group evaluating the results of this survey. This…
Cadency Open Item Controls for ReconNET
Organizations can now have more control in their auto-reconciliations with Cadency’s new Open Reconciling Items Control feature. With this capability, accounts with any open items can be configured to not auto reconcile, providing additional risk controls based on an organization’s compliance policies. It leverages RIRPA to ensure that accounts are…
Increase Close Process Efficiency with Multiple Preparer User Groups in Cadency
Increase your close process efficiency with collaboration capabilities within Cadency Reconciliation - Certify. Users can be added to preparer and reviewer user groups assigned to the same reconciliation, while still maintaining the segregation of duties for audibility. This reduces administrative work and time and cost of the close and also…
Bulk Binder Administration in Cadency Reconciliation
GL Reconciliation Binders allow you to quickly and consistently pull information out of Cadency to provide appropriate documentation for internal and external auditors. Bulk binder administration reduces the time needed to add accounts to binders, helping ensure confidence that each binder contains the correct accounts.
Mitigate Repetitive Work with Cadency’s Dynamic Account Maintenance
The Record to Report process is complex, much like the rules for automating reconciliation jobs and steps. Cadency Reconciliation - Certify can help mitigate repetitive work and allow more focus on value-added activities by leveraging Risk Intelligent Robotic Process Automation via Dynamic Account Maintenance. This functionality not only saves time…
R2R Benchmark Report: Challenges Reported by Industry
To begin understanding where the office of finance stood with their Record to Report (R2R) process, we asked almost 200 enterprise companies across 31 countries: Where do you see the biggest challenge during the month-end process? This infographic details respondents’ answers broken down by their industry verticals.
SAP Open Item Clearing
Our Open Item Clearing capability allows users to clear general ledger transactions inside SAP directly from Cadency, leveraging our ERP bots. This helps optimize the reconciliation process, streamlines the workflow and reduces manual work, driving deep overall efficiencies.
Virtual Financial Close Best Practices with DHG
In a recent webinar, Trintech partnered with DHG to equip organizations with knowledge on how to implement best practice processes for a virtual financial close. Cheryl Levesque from DHG led the webinar, splitting the best practice tips into two categories: design governance of your organization’s close and the evaluation of…
2020 Global Record to Report Benchmark Report
A decade ago, using Robotic Process Automation (RPA) to help increase the efficiency of an organization was a relatively niche idea. But today, implementing RPA into the office of finance has become a mainstream initiative for organizations. However, despite interest in automation growing year-after-year, there’s been minimal research available to…
How HP Established a Best-In-Class Reconciliation Process
By strategically spreading their reconciliations over the month and implementing automation, HP has gained back valuable time and resources while achieving a best-in-class reconciliation process.