Trintech: Reducing Risks and Ensuring the Integrity of the Financial Close
As organizational environments increasingly become more complex, compliance-focused and technology-driven, the C-Suite has even greater pressure to ensure the integrity of the financial close. Most specifically, the CFO and CIO must collaborate to deliver visibility to core company risks and actionable intelligence, allowing them to drive strategic decisions in a compliance-focused environment. Between internal controls and external regulations, financial data is the most tightly monitored data in the world. And yet, many steps in the Financial Close process are still managed manually, resulting in high risk across the organization. It’s easy to say that it won’t happen to us, but failures in the close process result in, at best, time consuming rework and, at worst, materiality issues that can lead to misstatements, restatements, decreased valuations and maybe even personal liability.
For over 25 years, Trintech has been a recognized provider of financial software solutions, helping over 1,700 customers – including the majority of the Fortune 100 - optimize resources, reduce costs and improve governance and transparency across the financial close process. Trintech’s enterprise-class cloud-based solution, Cadency®, is the world’s first and only financial governance software solution on the market that weaves all of the Record to Report (R2R) activities into a single, seamless process. From orchestrating all the close tasks and activities, to automating journal entries and high volume, intercompany and balance sheet reconciliations, to ensuring compliance standards are met, Cadency manages the entire R2R process.
“At Trintech, we are built on a culture of innovation and use that foundation to further enhance our product offerings for our customers,” says Teresa Mackintosh, CEO at Trintech. Trintech’s vision to innovate and assure the best has always kept it ahead of its competition. Besides, its exceptional experience &insights, strong project organization &implementation support, global presence &direct and rapid implementation experience have contributed to the cause. As an outcome, it has received various prestigious awards that include “Most Innovative Software Solutions Provider of 2016” by Corporate Vision Magazine, “20 Most Promising Compliance Solution Providers of 2016” by CIOReview Magazine, and a “Shared Services Excellence Award” in 2016 from Shared Services & Outsourcing Network to name a few.
“We will continue to push the boundaries on financial transformation and its Robotic Process Automation capabilities to ensure we provide our customers with the most sophisticated solutions in the market.”
Trintech continues its legacy of innovation and excellence by supporting its customers as they transform their financial close from manual, disparate processes to standardization, to process optimization and automation, to Risk Intelligent Robotic Process Automation, a major element of its action plan for the future. By leading this transformation, Trintech aims to ensure reduced costs and risk by driving standardization of all R2R process. “We will continue to push the boundaries on financial transformation and its Robotic Process Automation capabilities to ensure we provide our customers with the most sophisticated solutions in the market,” concludes Teresa.