Financial Consolidation and Close
Automate for Efficiency & Effectiveness
Gain Confidence in Your Balance Sheet
Ensure Regulatory Compliance
Automate Financial Consolidation to Simplify the Financial Close
The financial consolidation process involves multiple data sources pulled from several departments and entities that all roll up to the parent organization. Gathering this data becomes even more challenging when tracking disparate systems of record, General Ledgers, and intercompany transactions that include foreign currency exchanges.
Trintech offers solutions that allow you to close and consolidate faster, providing the FP&A team with accurate numbers that they can trust through analytics, interactive dashboards, and statutory reporting. Collect and map trial balance data from multiple GLs and systems, then consolidate according to specific rules like IFRS or GAAP. Automated reports make it simple to inform key stakeholders of the results.
Gain a consolidated view of the overall Balance sheet to quickly assess company health and identify bottlenecks.
Dashboards provide visibility to non-controlling interests and stakeholders across departments, improving the delivery of information without boring meeting.
Consolidated views of group account reconciliations in the financial close process streamlines reporting with fewer clicks and windows.
Once the group balances are reconciled and confirmed, they can feed back to a CPM or Consolidation solution, while ensuring any adjustments are accounted for directly within the system of record, before finalizing the financial statements. This eliminates the need for applying the same updates across multiple systems.
View specific entities and accounts when matching transactions for complete clarity.
Post intercompany journals and topside journals quickly and efficiently through a standardized process.
Standard journals and recurring journals track reclassifications, eliminations, and validations in a single source of truth.
Close Task Management
Simplify the process and improve team collaboration by tracking consolidation activities with workflow capabilities.
Consolidation and Close Software Made For Every Industry
Not Your Grandpa’s Consolidate and Close Software
Discover how today’s consolidation and close software can help finance and accounting executives make their department more productive and make it possible to attract and retain the best talent in a resource-constrained environment.
Learn More About Consolidation and Close
Achieve world-class consolidation and close processes with our industry thought leadership.
Artificial Intelligence: Much Will Change. Core Finance and Accounting Responsibilities Will Not.
Bill Marchionni, Account-to-Report Advisory Global Program Leader, The Hackett Group What is AI? Much is being said and discussed about …
Year-end Close: The Big Test. The Proving Ground.
Bill Marchionni, Account-to-Report Advisory Global Program Leader, The Hackett Group Year-end Close: It All Must Come Together. It all must …
Preparing for the Future of Finance: Automation in the Financial Services Industry
The financial services industry, including institutions like yours, faces great potential for growth: in 2020, total global wealth surpassed $400 …
Eliminate Financial Close Bottlenecks with Automation
The financial close process is typically made up of a repeatable series of activities, performed in a specific sequence, by …
How Automated Financial Close Management Can Help Credit Unions Grow Memberships
With a recent study finding that the national median of membership growth to credit unions over a 12-month period has …
Trintech for Restaurants
Restaurants face several challenges when it comes to the financial close process. Inefficient processes and inconsistencies can cause errors in …
A Faster Close for Financial Institutions
5 best practices that can streamline the close process for financial institutions. Financial institutions face numerous, complex challenges in the …
Trintech for Nonprofits
Nonprofit organizations face several challenges when it comes to the financial close process. Limited resources and a lack of integrated …
Trintech for Power and Utilities
Power and utility companies face several challenges regarding the financial close process, such as: Discover how Trintech can help organizations …