Outdated financial processes significantly slow down productivity. Learn about the best method to boosting your employee productivity and how you can apply it to your company. The post Content We Love - Why Upgraded Tech Is Your Team‘s Best Path to Productivity appeared first on Trintech.
For the past ten years, the role of the CFO - in addition to their accounting team‘s function - has rapidly evolved. The CFO is no longer regarded as simply a number cruncher but is now required to step into the role of financial strategist, and an interesting EY study, The Changing Role of the... The post Content We Love - The Changing Role of the CFO appeared first on Trintech.
What is often the primary goal of a CFO when it comes to closing the books? That‘s simple close faster without sacrificing accuracy and compliance. CFOs want to save time for strategizing and getting ahead of the financial curve instead of struggling to keep up with it. An article from CFO.com stated that 25%... The post Content We Love - Metric of the Month: Cycle Time for Monthly Close appeared first on Trintech.
How productive is your R2A (Report-to-Analyze) process? As accountants, we talk about the Record-to-Report (R2R) process quite often. Less discussed is your R2A process when important business decisions and financial close process improvements are formulated. However, because companies perform their R2R process with inefficient manual work, there is little time remaining for financial planning.... The post Content We Love - Why CFOs are Making t
Since 2007, there has been an almost 5% decrease in primary energy consumption globally. And historically, downstream oil and gas organizations the most common of which are your typical convenience stores (C-store) have relied heavily on energy consumption as a large part of their revenue. However, in recent years, many downstream companies have... The post Innovation within the Downstream Oil and Gas Industry appeared first on Trintech.
Due to the lack of confidence around the accuracy of their financial reporting, finance organizations are undertaking Record to Report (R2R) transformations that target the goals of lowering cost, increasing operational support, reducing risk and improving controls. With the emergence of leading technologies such as Robotic Process Automation (RPA) in the office of finance, more... The post How to Improve Controls, Reduce Risk and Lower Costs wit
Organizations have naturally built up their internal financial application ecosystem through acquisition and sheer necessity. While well intentioned, this means we end up with a slew of disparate internal applications all leaning on the thin internal IT team with a 6-month lead time before they can even consider new requirements for integration with the system... The post R2R Automation Framework: ERP Connectors appeared first on Trintech.
I was recently talking with a Record to Report (R2R) thought-leader at a 30B food and beverage retailer and they were in the process of reviewing their R2R organizational structure. Their global team included the expected responsibilities of Account Reconciliation, Disclosure Management and Statutory Reporting but it was great to see that they had expanded... The post R2R Automation Framework: APIs appeared first on Trintech.
Supporting Broader Automation throughout the Office of Finance As the Office of Finance is becoming more and more strategic in adding value and providing guidance to other parts of business, its trying to gain maximum efficiencies internally in order to have the employees spend their time on strategic initiatives and not on manual, repetitive tasks.... The post R2R Automation Framework: 3rd Party RPA Connectors appeared first on Trintech.
What is an ERP Bot and how does it help my financial system of controls? Over the last few years I have spoken with several of our customers, and there has been one consistent theme that stands out amongst them all RPA. During these discussions customers typically fall into one these categories: Excited that... The post R2R Automation Framework: ERP Bots appeared first on Trintech.
Hopefully by now as you have been reading our latest blog series on Trintech‘s automation framework, you understand the key tenants of our vision includes: Leveraging your existing natural system(s) of record which allows you to maximize your ROI on those investments by keeping those systems as the vehicle to create the permanent record of... The post R2R Automation Framework: Risk Intelligent RPA appeared first on Trintech.
Have you heard that Machine Learning (ML) and Artificial Intelligence (AI) are enabling computers to win at chess, using weather data to improve profits and providing insights previously never imagined? It‘s true, and Trintech is in the process of building out ML and AI technologies that help you improve your controls in your financial close... The post R2R Automation Framework: Artificial Intelligence appeared first on Trintech.
Though the office of finance goes through cycles of high and low activity, there is always room for improvement. Too many organizations build their financial close process around manual methods that limit visibility, communication and innovation. Innovating your close processes with Robotic Process Automation (RPA) means increased efficiency, decreased costs and reduced risk for your... The post The CFO‘s Guide to Leading with RPA appeared