While your ERP and various other IT systems play a significant role in the management and automation of daily operations, ERPs simply were not designed to handle the complexity of the financial close process; information critical to the Record to Report process must be taken outside of the ERP to complete these tasks. However, the risks of manually managing this information include error-prone and inefficient processes, no real-time visibility and the inability to scale easily, just to name a few.
To make the most of your ERP investment while also transforming the effectiveness and efficiency of your financial process, you need an experienced partner that integrates seamlessly, without creating security issues. Trintech is a leading expert in all types of ERP integrations, including SAP, Oracle, NetSuite, and even more, and we will make this process painless.
The Cadency ERP Connector, which supports all versions of Cadency, is designed to reduce the cost, time and risk of data integration by eliminating the need to develop custom code, making the integration between any ERP technology and Cadency less expensive, quicker and more efficient. The connector retrieves data required for the reconciliation and variance analysis processes, as well as directly validating and posting journal entries.
Ultimately, this seamless integration significantly reduces the dependency on internal IT maintenance services and drives down the initial cost of integration.
One of the most common things we hear when speaking to companies about improving their financial close process through automation is “But I already have an ERP in place.” It’s true that an ERP goes a long way towards helping manage some of the closing processes, however, there is still a great deal that is...Read More
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 units.…View Customer