Thanksgiving with Trintech: Feed Your Office of Finance

Turkey Day is just around the corner and Trintech is thankful for YOU! To celebrate the holiday, we’d like to invite you to feed your Office of Finance with delicious and nutritious resources centered around artificial intelligence.

The Turkey: AI and the Financial Close

Looking back at 2024, if we could identify one major theme, it would be artificial intelligence. AI has taken the world by storm and organizations that don’t remain agile and adaptive will soon be left in the dust.

Our white paper, AI and the Financial Close, discusses how finance and accounting teams can effectively leverage AI and automation across month-end close procedures, planning, forecasting, reporting, and analytics.

“By leveraging cutting-edge technologies such as GenAI, AI, and ML, we plan on not only streamlining financial close processes but also paving the way for strategic growth and innovation in finance and accounting departments worldwide. Our vision extends beyond traditional reconciliation automation; we are charting a course towards a future where AI-driven insights drive financial strategy, enabling organizations to achieve new levels of efficiency and effectiveness.”

– Sunil Padiyar, Chief Technology Officer, Trintech

Mashed Potatoes: Understanding the Fundamentals of AI (and Why it Matters for Finance and Accounting Teams)

While everyone has been talking about AI, it leads to the inevitable question: What actually is AI? Are there different types of AI? And most importantly, why should you care?

Check out our blog, Understanding the Fundamentals of AI (and Why it Matters for Finance and Accounting Teams), to learn what AI is as well as more about the various kinds of AI solutions.

“It’s important to have internal conversations in which you determine what you want to see: accuracy, automation, and compliance.”

– Omya

Cranberry Sauce: Applying AI to Your Financial Close

Now that we understand what AI is, it’s time to investigate what it can do for you. While certain aspects of an accountant’s role will always require a human touch, artificial intelligence can help with the manual, tedious processes that are vital to the financial close.

If you’re looking for ideas of how to implement AI in your organization, don’t miss our infographic How to Apply AI to Financial Close Processes for some potential quick wins!

“Trintech gives us the tools necessary to adapt and implement new processes, including automation.”

–  Capgemini

Green Bean Casserole: Preparing for the Challenges Associated with AI

Everyone’s talking about how AI can revolutionize your organization, and while that may be true, Rome can’t be built in a day! Undergoing a major transformation of any kind will always come with its own unique challenges, and it’s vital to be prepared to weather the inevitable storms.

Our tip sheet, Preparing for the Challenges Associated with AI, can walk you through some of the most common roadblocks – and how to combat them.

“Working with Trintech for our global transformation has been a great experience. We got a lot of support from our account manager and our success partners, as well as third-party partners who have come in and helped us succeed. It’s a lot of work, but they make it easy.”

–  Sysco

Pumpkin Pie: The Potential of AI in the Financial Close – Getting Past the Hype

With all this talk about AI, it can be challenging to separate fact from fiction. Some may view AI as a catch-all blanket for issues in the financial close, while others may think AI is more trouble than it’s worth. But what’s the truth?

Our on-demand webinar, The Potential of AI in the Financial Close – Getting Past the Hype, Trintech’s Director of Product Marketing, Chris Witt, explores a practical approach to AI and separates the hype from the reality to help you see what tools and processes are right for your people, process, and technology.

“Waving a magic wand or relying on the power of positive thinking will not be immediately trusted by IT or the Office of Finance. However, the one thing everyone can agree on—and where our AI conversations should start—is that increased automation is the goal.”

– Chris Witt, Director of Product Marketing, Trintech

Written By: Nicole Tallman