Financial Analytics, Consolidation, and Close
Trintech offers solutions that allow you to close and consolidate faster, providing the FP&A team with accurate numbers that they can trust through analytics, interactive dashboards, and statutory reporting.
Streamlining the Financial Close Through Automated Financial Consolidation
Consolidation requires prompt and accurate data integration between Accounting and FP&A. By streamlining the intercompany and financial consolidation process, we enhance accuracy and efficiency by integrating diverse data sources and systems.
This ensures a faster, more reliable consolidation according to IFRS or GAAP standards, and facilitates clear, timely communication of results to key stakeholders across the globe.
Dashboards
Gain a concise view of the overall balance sheet to quickly assess company health and identify bottlenecks. Dashboards provide visibility to non-controlling interests and stakeholders across departments, improving the delivery of information.
Reconciliations
Take the hard work out of intercompany reconciliations with the ability to reconcile at different levels including STAT, GAAP, and IFRS.
Consolidated views of grouped account reconciliations improve reporting time. Once the grouped balances are reconciled and confirmed, they can feed back to a CPM or Consolidation solution – while ensuring any adjustments are accounted for directly within the system of record – before finalizing the financial statements.
This eliminates the need for applying the same updates across multiple systems.
Transaction Matching
View specific entities and accounts when matching transactions for complete clarity.
Identifying and eliminating the financial effect of intercompany transactions can be a tedious and time-consuming process that delays a business’ financial close. Reconcile intercompany transactions daily to speed up the month-end consolidation process. Utilize automatic transaction validation to ensure intercompany transactions are appropriate and avoid any errors before they occur.
Journal Entry
Intercompany and consolidation processes require various types of transactions with varying levels of complexity, often amongst a large number of entities. Enabling your team to automate their intercompany journal entries, including elimination entries, and review daily can shift focus from the tedious manual nature of these processes to the necessary review, enabling a smoother month end and consolidation process.
Close Task Management
Get to financial statement production faster by layering in enhanced team collaboration across entities, consolidation and close completion activity tracking, and workflow capabilities. This is achieved through configuration of closing tasks and features auditable workflows and dashboards for enhanced real-time visibility.
“The relationship between accounting and operational activities has historically been a “pitch-this-over-the-wall” exercise. There’s never enough transparency. But we’re changing that with Trintech’s solutions. They offer us real-time visibility into these activities that we just didn’t have before.”
Consolidation & Analytics
Elevate your record-to-report workflow to ensure timely and precise financial reporting and gain crucial insights.
Variance Analysis
Give your team the ability to actively detect and oversee risk through automated identification of fluctuations in balances and activity. Utilize Variance Analysis for enhanced financial insight, improved forecasting, risk management, and decision support.
Compliance
Solidify your regulatory foundation. Built to handle even the most complicated collection of regulations, Cadency Compliance enables you to manage organizational risk while ensuring compliance consistently and efficiently.
Consolidation and Close Software Made for Every Industry
Consolidation Technology for Improved Productivity
The six costliest words in managing a finance department are, “We’ve always done it this way.” Accounting processes are eternal, but how they are performed, using which tools, must constantly evolve to address the opportunities and constraints of the time. Download this paper from Ventana Research to explore how today’s consolidation technology can help make your departments more productive.
Our Comprehensive Solutions
All Financial Processes Covered
Bring accuracy, control and visibility to your account reconciliation and close processes. Our automated solutions work to solve any problem, no matter how complex.
Building the Business Case for Financial Close Software
Longtime Trintech user, Janice Kocheran, shares her experience in building the business case and demonstrating ROI for month-end close software. From the challenges of getting leaders on board and acquiring funding, she shares valuable tips.
Learn More About Consolidation and Close
Achieve world-class consolidation and close processes with our industry thought leadership.
