Any organization that has invested in an ERP, or any other external system, knows that tasks critical to the Record to Report process are taken outside and managed manually, increasing the risk across their financial close process. Staff spend significant amounts of time manually updating tasks, only to experience a degree of error in either the data or the process, due to wrong tasks being closed or a Close Task being overlooked. Cadency Close Action Plan Router takes the stress out of the closing process.
Siemens uses Trintech’s Record to Report solution to increase control and transparency across its financial close - Siemen’s account reconciliation process was very decentralized amongst each of the company’s business units. Many locations relied on Excel and multiple shared directories to perform general ledger account reconciliation. Siemens wanted an efficient, automated solution that could integrate with their complex ERP environment to deliver best-in-class account reconciliation services to their various business…View Customer
Over the last couple of years there has been one topic of discussion in the finance community that has been growing louder and louder: Robotic Process Automation. But what is RPA, how does it affect the close process, and how are other companies currently utilizing automation to transform their financial close?Read More