APAC Retailers: Streamline Your Month-End Close
Webinar
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Listen in as Trintech and Satori FP&A discuss expert strategies and solutions for your month-end close.
Are you grappling with lengthy financial close processes, high audit risks, and manual workflows in the retail industry?
In retail, 62% of CFOs report their month-end closing processes are mainly manual, causing inefficiencies and errors. Additionally, 88% of finance & accounting professionals face stress and data inaccuracies due to the pressure to close quickly. Retailers, especially those with e-commerce channels, struggle with high transaction volumes, inventory, and payroll, leading to compounded reconciliation issues and audit discrepancies.
Imagine a retail finance environment where you can customise your month-end close process to meet the unique accounting requirements of your business, including high-volume multi-way matching and automated balance sheet reconciliations—reporting capabilities to ensure compliance with reporting standards and regulations, giving you confidence in your numbers.
KEY TAKEAWAYS
- Enhance Control and Ensure Compliance in Retail Aggregators
- Enhance monitoring of retail payment and fulfillment aggregators with automation. Identify and address issues to reduce compliance costs and risks, ensuring comprehensive workflow management and timely, accurate reporting.
- Optimize Costs and Enhance Efficiency in Month-End Close
- Reduce the time and effort for your month-end close, swiftly resolve issues, and cut overtime. Manage high transaction volumes and enhance cash flow management with effective transaction matching capabilities.
- Automate Financial Processes and Modernize Operations
- Automate financial operations to streamline them, improve data flow, and reduce manual errors. Integrate e-commerce and inventory management to better track the cost of goods sold.
- Strengthen Governance and Minimize Financial Risks
- Improve data accuracy with robust controls, establish clear accountability, and decrease audit risks and expenses. Ensure timely and accurate reporting through comprehensive workflow management.
- Boost Team Productivity and Employee Morale
- Lighten team workload, reduce burnout, and boost morale and retention rates. By effectively managing high transaction volumes and cash flow, experts can focus on high-value tasks.
Our Webinar Partner – Satori FP&A
Satori has been assisting companies for the last 25 years with solutions to improve their FP&A processes. From budgeting, planning, forecasting, reporting, dashboards, financial modelling, financial data aggregation, and Financial Data ETL. Satori Group has assisted companies small medium and large across multiple industries including, Retail, Financial & Business Services, Utility, Mining, Travel, Industrial, Manufacturing & Distribution.
Meet the Speakers
