Manufacture an Efficient Financial Close
With Trintech, we’re able to not only see what we’re doing but also what bottlenecks are preventing items from moving forward. Overall, our end users can now spend more time analyzing the data instead of manually managing it.” – LKQ
Manufacturers often face challenges in the financial close that impact the IT landscape, such as managing global accounting teams, manual data uploads, excel data manipulation, supply chain orders and high-volume customer transactions.
As Technology leaders focus on digitizing workflows to connect departments across the organization, the insights and data provided by the Office of Finance play a critical role and require the same level of connection as other departments, like IT, HR, Legal and Procurement to optimize efficiency, reduce risk and create value.
By automating repetitive, lower-value tasks, accountants can spend their time where it matters most and provide the insights needed to situate the organization for growth.
With the right solution, your organization can work smarter and more efficiently, ensuring the time and effort of your finance and accounting teams is focused on high-value activities that will drive the strategic direction of your organization.
Organizations that implement Trintech’s software in their financial close processes are more flexible and able to future-proof their financials with up to a 76% reduction in cash shortages and a 14% reduction in the risk of revenue impact due to misstatements.
Additionally, being in the cloud supports a dispersed remote workforce and gives all team members access to the data and tools they need to do their job efficiently and effectively.
Download the White Paper and see why leading companies like ABB, Siemens, and Boston Scientific trust Trintech for reconciliation and financial close automation.
Discover our Comprehensive Solutions
Bring accuracy, control and visibility to your account reconciliation and close processes. Our automated solutions work to solve any problem, no matter how complex.