Transforming Accounting Operations: LSC Communications’ Automation Journey with Trintech
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Business Drivers to Automate
Prior to automating with Trintech, LSC Communications’ accounting team found themselves bogged down by inefficient processes. “Individuals were saving backups on personal hard drives, not to mention all the paper wasted printing out files and keeping them in binders to be hunted down manually later. It was extremely inefficient and not at all standardized,” shared Matt Gnepper, Senior Accountant and System Administrator. “As a rapidly growing company, we knew we had outgrown these processes and needed to implement a more efficient way to work.”
Automating with Cadency by Trintech
LSC Communications began their automation journey by implementing
Cadency Certification to optimize their monthly reconciliation processes. “We have over 2,500 reconciliations each month, so automation really helped take some of that manual work off of our plate,” commented Gnepper.
Satisfied with the automation benefits of Cadency Certification, the company expanded its deployment by implementing Cadency Journal Entry. “Cadency Journal Entry integrates directly into our SAP ERP, which eliminates extra steps in the approval process and saves our team a significant amount of time each month.”
After acquiring another company, LSC Communications made the decision to bring Cadency Close into the fold to help centralize and standardize their closing process. “Many of our team members wanted a single platform to manage the close process, and Cadency Close has given us exactly that,” mentioned Gnepper.
Managers now have visibility into how our close is progressing and can get ahead of bottlenecks before they become larger roadblocks. They’re also able to set due dates, which helps our teams stay on track.”
Solution in Action
The Cadency Platform has transformed the way LSC Communications
operates:
Audit-Readiness and Compliance:
“We routinely perform internal audits using random samplings to
ensure standards are being followed, and Cadency has helped us
standardize processes and enforce controls,” shared Gnepper. With all
financial data accessible through Cadency, both internal and external
audits have become far easier. Auditors can access the information
they need without the need to track down individual employees or files,
improving the speed and accuracy of the audit process.
Improved Visibility and Efficiency:
“Managers now have visibility into how our close is progressing and
can get ahead of bottlenecks before they become larger roadblocks.
They’re also able to set due dates, which helps our teams stay on
track,” said Gnepper. The visibility provided by Cadency enables
managers to better manage workloads and ensure deadlines are met
without unnecessary delays.
Global Collaboration:
LSC Communications’ global teams, including newly onboarded
teams in India, have greatly benefited from the standardization
Cadency offers. “Onboarding our team in India would not have been
possible with paper files,” explained Gnepper. “Cadency provides a
single source of truth, so everyone works off the same data,
regardless of location or time zone.”
Increased Flexibility:
Teams working remotely in the United States can access the same
data as their global counterparts, allowing greater flexibility in how
and where employees work. This shift has increased productivity and
improved employee satisfaction.
Looking to the Future
LSC Communications is focused on expanding its use of Trintech’s Cadency Platform and deepening the integration between the solution and their existing ERP system to drive continuous improvement across their accounting operations.
As LSC Communications looks toward the future, they remain committed to finding innovative ways to enhance efficiency, standardize processes, and maintain compliance through the power of automation.
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