Financial Close Management Software

Few things will undermine the close process quite as completely as lingering doubts about the accuracy and integrity of the data involved. Having to resolve billing errors, data entry errors, bookkeeping discrepancies and system glitches can grind the entire process to a halt or, perhaps even worse, result in misreporting of financial information and mistakes on financial statements, with the end result being enormous pressure applied to your already stressed-out team. Trintech’s Financial Close Management Software will eliminate the manual work responsible for most of those errors and issues.

More often than not, the financial close process involves hard and fast deadlines. Such time constraints, combined with peak workloads, increase everyone’s stress level and make costly errors more likely. In addition, working under duress in an attempt to meet a hard deadline can make it more difficult to effectively address unexpected issues when they arise. And for whatever reason, they always seem to. Trintech’s Financial Close Management Software helps prevent many of the troublesome errors and issues that plague the closing process, thereby relieving pressure on your team and making it easier to improve overall employee engagement and morale and meet even the hardest deadlines.

Having to manually reconcile bank statements, invoices and general ledgers is a tedious, time-consuming process that requires laser focus. Even seemingly innocuous errors can take hours to track down and resolve. Hours that your highly paid staff could be using to concentrate on more important issues. Trintech’s Financial Close Management Software will relieve you of the need to dedicate so much time and energy to reconciliation issues. Not only that, but you can be reasonably certain of more accurate results.

When a company’s financial close process is heavily reliant on staff members executing manual tasks, it is open to inexplicable delays and human errors. And if, by some chance, a key member of a given department has taken ill, well, problems just get compounded. The fact is that depending too heavily on humans to execute countless manual processes during the financial close period has always been a perilous practice. Thankfully, you no longer have to. Trintech’s Financial Close Management Software can help your SME automate most of your problematic manual processes and streamline your entire operation. 

There are no cutting corners when it comes to compliance with applicable tax laws, accounting standards, reporting requirements and other crucial aspects of the financial close process. But it’s not just about being in tune with existing standards, laws and practices. Every member of your team must constantly adhere to your standardized processes and controls framework and upgrade their knowledge base to ensure continued compliance. Wouldn’t it be great if you had Financial Close Management Software that automated your compliance tasks and efforts? With Trintech’s Financial Close Management Software, that’s precisely what you get.

People being people, communication can sometimes break down. When it does, a deadline looming can lead to expensive mistakes that bring the wrath of regulators down upon you. Even if you prioritize top-notch communication skills during the hiring process, there will still be times when the right foot doesn’t know what the left foot is doing.

In addition, coordinating closing efforts between various departments or geographic regions is a process that is often rife with inefficiencies as staff needs to double and triple-check to make sure they’re all on the same page. Trintech’s Financial Close Management Software allows you to eliminate most of these day-to-day breakdowns in communication through increased visibility across the close process while putting the wind back in your organizational sails.

The financial close process is complex enough without having to rely heavily on staff members to perform tasks that are better automated. Trintech’s Financial Close Management Software enables you to lift much of the onus of close task management off stressed-out employees and free them to concentrate on more important big-picture issues.