FINANCIAL SOLUTIONS
R2R Record to Report
Streamline your accounting & financial closing
Identified challenges
- High expectations for compliance
- Organizational complexity
- High data volume growth
- Higher expectation of accuracy and ROI
Solution
An agnostic platform that weaves all R2R record-to-report activities into a single, seamless, easy-to-implement process that helps produce accurate financial statements and peace of mind every step of the way.
Addresses the Record to Report process comprehensively
A holistic approach is the most effective way to ensure the accuracy of your finances.
Independent solutions can improve some processes however, to effectively drive the long-term transformation, the Finance Office must have a solution that supports its processes in a holistic way to obtain more value
Integration with third party systems
Use an agnostic platform, compatible with multiple ERPs.
Reduce manual effort
Reduce time spent on repetitive activities in each financial cycle and focus your teams on strategic activities.
Faster and more reliable closing
Gain visibility and streamline your financial closing with strong controls.
Balance sheet reconciliation
Take control of your account reconciliation process avoiding mistakes
Financial data collection and reconciliation no longer has to be a long and laborious manual process Leave spreadsheets behind, standardize data from multiple business units
Automated reconciliations
- Standardized templates
- Documentation and audit support
- Faster reconciliation
- Reduction of operating costs
- Multiple currencies
More reliable information
- Eliminate risk of errors by removing dependency on manual activities
- Clearly identify and resolve exceptions
- Identify and resolve issues long before being audited
Journal entries
Drive efficiency by automating the journal entry process
The journal entry is a key control in the financial close that validates the accuracy of the entries in your ERP and is an essential step to create auditable documentation. Now you can centralize all information, workflows and support documentation in one place.
By offering a fully configurable end-to-end workflow, you provide real-time visibility, control and status validation of all journal entries.
Easier audit process
- Reduces the time needed to support external auditors
Key controls
- Improve governance throughout the journal entry process
Automated approval request
- Automatically forwards journals to the corresponding approvers
Intercompany accounting
Create a reliable, predictable and efficient process
- Detection of discrepancies between the journal entries of the business lines
- Automated reconciliation of accounts payable and accounts receivable within the general ledger
Ensures compliance
Reduces the risks associated with audits
- Financial governance throughout the R2R process
- Centralized documentation for regulatory and corporate compliance
- Early identification of errors
- Risk tolerance settings
Control and visibility
Identify variations in real time
- Simplified collaboration
- Fraud risk mitigation
- Real-time analysis without stopping closing activities
High-volume transaction matching
Streamline closing and identify exceptions
- Data standardization
- No more losses due to errors or unnecessary returns
- Better visibility of cash accounts
Closing automation
Approach the end of each period with confidence
The financial close process requires a wide variety of tasks that are too onerous for a manual operation to handle effectively
Workflow visibility
Assign tasks and manage the entire closing process to make it reliable and repeatable
ERP integration
Connection with multiple ERP applications
Process clarity
Know the progress status of each business line
RISK INTELLIGENT RPA TM
Implement your policies and let the robot do the work!
Automate activities based on the level of risk it represents for your company.
CADENCY (Trintech solution) automatically performs repetitive activities based on pre-established tolerances, allowing people to focus on high-value, non-repetitive, high-performance tasks.
We partner with brands compatible with multiple ERP systems such as Oracle, SAP, Net Suite, etc.
Need help evaluating different solutions? Write us
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