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Financial Close Management How To Spend More Time (and less money) On More Valuable Work

Three steps to moving up the value chain Not long ago, reactive finance departments were the norm, suffering from rushed processes, vague routines and poorly documented approvals. Surprisingly, many of these problems still remain. In this post, we explore how modern cloud-based software can usher in a new era where financial managers have complete control []

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Finance transformation the three key focal points for a more efficient financial close

Today, the pressure is on at finance departments to embrace digital transformation and do more with less. You face shorter budget cycles, a growing need to deliver timely and accurate reporting and cut costs. At the same time (and here‘s the kicker) they want you to play a bigger role in offering strategic guidance and []

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Trintech Announces Growth Equity Investment from Summit Partners

Addison, Texas and Menlo Park, California January 3rd, 2018 Trintech, a leading global provider of integrated, cloud-basedRecord to Report (R2R) software solutionsfor the office of finance, today announced a majority recapitalization by global growth equity investorSummit Partners. After a period of remarkable growth, existing investorVista Equity Partnersand Trintech management will continue to retain a []

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Leading financial change in a new digital era

Surveying a seminar room packed with CFOs and financial professionals, a McKinsey consultant asks the gathered audience: ‘How many of you believe digital technology will change your finance department?‘ All hands go up. Then she asks: ‘How many of you want to lead the change?‘ The room is silent. Not a single hand is raised. []

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Why inefficient reconciliation routines are blocking CFOs from adding big value

CFOs want swifter and more accurate reconciliations, reduced risks and costs, better compliance (with clear audit trail) and more time to focus on analysis. This all sounds very good, but. . . There is a big bottleneck Their finance departments continue to rely on the same manual or semi-automated controls that result in labour []

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Four ways to bullet-proof your financial controls today

If you were audited today, how compliant would your organization be? Do you have the appropriate internal controls in place to secure the accuracy of all your numbers? Let‘s face it, new regulations are changing the game all the time and it‘s not easy to keep up. So what can you do? There is no []

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How to move from good to great using financial controls

What separates a good finance department from a truly great one? In a word: confidence. Confidence in the accuracy of reported numbers. Confidence that you could withstand any audit. Confidence that you can close in five days or less. ‘Five days?!‘ you ask. Yes. That‘s the benchmark for top-performing companies. And many are even faster. []

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Trintech Acquires Adra Software

Leaders in financial close software combine to form comprehensive and innovative portfolio of financial solutions supporting organizations across the globe. Dallas, TX November 1, 2017 Trintech, a leading global provider of integrated, cloud-based Record to Report software solutions for the office of finance, today announced it has acquired Adra Software, a leading provider of []

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Why Excel, the Swiss Army knife of CFOs, is hitting a wall in financial reconciliations

Nowadays, Microsoft Excel has become an essential tool for any financial professional. The financial equivalent of a Swiss Army knife, it can perform an impressive array of calculations, graphics and other tasks. But here‘s a question: Have you ever tried to drill a hole with a Swiss Army knife? This is the problem many financial []

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How to thrive in a new era of best practices for the financial close

The buzzword on everyone‘s lips these days is ‘digital transformation.‘ It all sounds very fancy and abstract. In reality, the digitalization of financial data, routines and systems is a highly practical way for finance departments to shift their focus from being producers of financial data to taking on more strategic roles. It means freeing up []

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