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Why a close financial transformation project could help you take a step up the career ladder

Want to know how you can deliver results fast, gaining maximum insights and drive business change all at a low cost and risk? Follow this mini series of articles to find out how. Chapter 1: As a finance specialist, have you ever considered how delivering value and insights to management could help you develop your []

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Adra launches comprehensive guide to Financial Close Management with new E-Book

Today, Financial Close Software provider Adra launched the first chapter in a series of releases from their new E-book entitled, The Essential Guide to Financial Close Management. The E- Book was compiled using the company‘s wealth of internal knowledge surrounding the modern financial close process along with input from external experts, complimented with surveys, []

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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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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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Benchmark Your Financial Close Process

A study of the R2R process and what you can do to make it a better experience for your team. How does your company‘s Financial Close process measure up in comparison to your peers? How does your process compare to other businesses in terms of speed, stress levels and satisfaction? What could you do to []

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Why Your Business Needs Automated Reconciliation

Taking on a more strategic role as a CFO requires a smarter, more efficient approach to reconciliation management. Everyone, from your CEO to business owners, banks and auditors, wants a clear view on the company‘s financial position. And of course, they want it fast and 100% accurate. In this post we examine how to avoid []

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How to audit your bank reconciliation statement

Bank reconciliation is an important monthly task for any accounts department. It compares your general ledger against your bank statement to check for any irregularities or overcharges and provides businesses a good financial oversight from month to month. An important function of the bank reconciliation statement is to look for any missing money, therefore it []

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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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