A rapid and precise month-end close and reconciliation process could not be more important. Addressing challenges stemming from complexity, scale, and manual tasks can be time-consuming, causing teams to rush to meet deadlines while struggling with:
- Inability to manage complex transactional reconciliations and resolve exceptions at scale
- Issues completing the financial close on time
- Error-prone manual processes create manual workloads for employees who value automation
It’s time to simplify.
Trintech has innovated to create various packaged solutions across several industries. These powerful integration-based solutions enhance the month-end close process by targeting challenges that stem from complexity, scale, and manual tasks.
Better Together. Solving Complex Challenges.
Trintech offers faster and more precise control of reconciliation and the month-end close processes complexities.
Complex Transaction Matching
Transaction matching brings a high potential for manual error and countless hours for accountants when completed manually or with outmoded tools.
How Trintech Helps: Automate high-volume, multi-way matching and analyse trends across large sets of data from multiple sources.
Balance Sheet Reconciliations
Manual reconciliations are time-consuming and error-prone, lacking efficiency and risk management.
How Trintech Helps: Automate transaction and account balance reconciliations, take a risk-based approach and bulk/auto reconcile accounts.
Manual Tasks
A large amount of manual tasks are still performed outside of the month-end.
How Trintech Helps: Create risk-based automation rules, automate tasks and monitor automations using comprehensive dashboards.
Lack of Standardisation
Ineffective template and workflow configuration causes process bottlenecks.
How Trintech Helps: Configure templates, create workflows and have the option of localisation with easy configuration options with Trintech solutions.
Save Time. Reduce Risk. Improve Accuracy.
Auto-match rate
Reductions in time to close the books
Reduction in number of accounts to be reconciled
Trintech Solutions
Trintech solutions automate complex account reconciliations and high-volume, multi-source transaction matching based on deep industry knowledge and experience to streamline the financial reconciliation and close process.
Our solutions provide bi-directional connectivity between Trintech and your general ledgers, allowing for automatic import of files across legal entities from a network or local drive directly. Files are automatically fetched and encrypted during upload for smooth integration of data without the need to manage access or manual imports, allowing for mitigated risk.