Financial Reporting Software
Gain meaningful insights with complete access and visibility into your financial close. By continuous improvements and readily available data, making it easier for your Financial and Accounting teams to work side by side to ensure a faster and efficient close.
Tailored Reporting and Analytics
Measure financial close process efficiency and quality for continuous improvements over time and faster access to the data needed to support the business.
Lack of Visibility
Collaboration is inhibited and micro-managing oversight is required when there is no visibility into your financial close processes. Narrow in on the details you need, as well as zoom out and see the bigger picture of how your period-end is progressing. Track every activity throughout one period or over several periods. Streamline workflows and improve collaboration with standardized processes.
Limited Reporting Capabilities
Manual methods aren’t capable of providing you the analytics in a timely manner to make critical business decisions. Automation allows you to view information pertaining to your financial close process in the reporting tool of your choice. We will get you started with pre-configured reports, but you can also configure reports yourself using tools like Power BI, Excel, or Tableau.
Lack of Integration with BI Tools
Data sitting in silos creates more manual work every time a report is needed. Fully access information from your account reconciliations and close tasks through a Business Intelligence toolkit such as Power BI or Excel. This means you can create any perspective that you want and track against KPIs of your choosing so you gain the visibility and insight needed to improve.
4 Benefits of Financial Reporting Software
Regardless of your company’s size, type, or age, financial reporting software from Trintech can help you reduce risk and become more efficient. Here are 4 ways Trintech’s financial reporting software can benefit your business.
#1: By Streamlining Account Reconciliations
Manual account reconciliations are an often tedious, time-consuming process that tends to burn through money while still being error-prone. The more sheets that need updating, the greater the risk of error; if you’re working within rigid time constraints, the chance of mistakes is multiplied. Trintech’s Financial reporting software greatly simplifies the account reconciliation process reducing the associated costs and saving you time.
Trintech financial reporting software automatically reconciles daily, weekly, monthly, or quarterly accounts, automatically detects and sends notifications of discrepancies, and matches bank transactions.
#2: By Helping to Ensure Compliance
Regulatory compliance is of critical importance. The situation becomes even more critical if your business deals with multiple sets of government regulations or if it must accommodate foreign regulations and tax laws.
Trintech financial reporting software greatly simplifies the process of compliance, removes the guesswork, and eliminates the types of oversights and errors that can send troublesome ripples through your finances and bring the wrath of regulators down upon you. Our financial reporting software quickly generates reports that will withstand the most rigorous examination and does so in just a fraction of the time it would take you to do so manually.
Trintech’s solutions can be configured to support current regulations and standards in addition to companies’ specific processes and risk management controls so that you can be confident your company lives up to its regulatory and compliance obligations.
#3: By Reducing Manual Work for Your Accounting Staff
Accounting professionals have spent countless hours working on manual processes in the past. These individuals are highly skilled, and their work should reflect this – not bog them down with time-consuming, data entry-type work. Tedious methods can create a lack of motivation and engagement due to the highly repetitive processes and delay of any strategic growth plan. Trintech’s financial reporting takes away the manual work and allows accounting staff to be involved in value-added activities that contribute to the overall development of the business.
Implementing technology, such as Trintech’s financial reporting software, and intentionally upskilling your team is crucial to maintaining and attracting talent. Offering challenging, high-level jobs that effectively utilize technology demonstrates an organizational focus on more fulfilling tasks that boost morale and pique the interest of top talent.
#4: By Improving Cash Flow Management
A healthy cash flow is crucial to the smooth operation of any business. Trintech financial reporting software makes managing your company’s cash flow simple and transparent. Identify areas of potential risk and put an end to cash flow bottlenecks that can take the wind out of your operation, all with Trintech financial reporting software.
Reconciliation and Financial Close Solutions For Any Industry
Learn More About Reporting and Analytics
Uncover insights in your reconciliation and financial close processes
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 …
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 …
Solving the Manufacturing Industry’s Top 3 Financial Close Challenges
The manufacturing industry has always been forward-thinking in their approach to adopting new technology. From the introduction of Henry Ford’s …
The Importance of Technology in Lowering Risk, Competing for Talent, and Lowering Costs
Written by Bill Marchionni, Account-to-Report Advisory Global Program Leader, The Hackett Group Business uncertainty today is unprecedented. CFOs and Controllers …
LB Forsikring has Streamlined the Financial Close Process with Adra® by Trintech
About LB Forsikring LB Forsikring is a member-owned insurance company. It is currently the third largest insurance company on the …
Shifting Your Office of Finance from Reactive to Strategic
Finance is at the beginning and end of everything – both enabling organizational change and measuring its impact. An intelligent …
Scale Without Fail
Scale Your Business Effectively Despite the turmoil and unpredictability of the early 2020s, trust in economic resilience continues to trend …
The Accountants Guide: 4 Things Every CFO Needs to Know to Succeed Now and in the Future
CFOs today are not only embracing new technologies but, in many cases, are also leading their company’s digital landscapes. Between …
Third Party Delivery Services Reconciliation Process
The current third party delivery services reconciliation process is broken. Manual interaction creates a lack of visibility, resulting in money …
Unlocking Human Capital for Change and Transformation in Finance
Today, most organizations understand that utilizing manual approaches to the close aren’t the most effective way to ensure employee engagement but what does automation mean to the close and the people who manage it, and how can organizations justify the investment to make change happen?