With all this information in one place, an executive console
delivers real-time transparency and instant visibility to
senior executives, enabling them to oversee the current
status and make decisions and deliver actions before they
impact the numbers. This also allows all financial close
stakeholders across the organizations, in and around the
world, to easily communicate and collaborate, creating
real-time communities across the Office of Finance.
Industry Visionaries Partner with Trintech
Trintech has an impressive customer base with over
1,700 clients worldwide – including the majority of the
Fortune 100 – relying on it’s cloud-based software
to help integrate into their existing ERP systems and drive
valuable insights across their business, while leaving the
manual and non-judgmental tasks for the robots.
Siemens Corporation: Siemens launched a project to
“bundle” its regional infrastructure functions. The
objectives of this project were to improve efficiency and
compliance and to standardize on a common set of
processes. Siemens looked to its Global Shared Services
organization to play a key role in the success of this
project. When the project kicked off, the account
reconciliation process was very decentralized amongst each
of the company’s business units. Many locations relied on
Excel and multiple shared directories
to perform general ledger account reconciliations.
Siemens wanted an efficient, automated solution that could
integrate with its complex ERP environment to deliver
best-in-class account reconciliation services to its various
business units.
“When evaluating vendors to partner with, it was very
important to us that we had tight integration with our
ERP environment. In North America alone, we support
17 SAP instances as well as other ERPs and GL packages.
Trintech uniquely met our integration needs with minimal
IT involvement, across our diverse SAP deployment.”
said Rob Koca, Corporate Controller at Siemens.
Since implementing Cadency, Siemens has been able to
reconcile 100% of its GL account and subledgers in the
solution, while also reducing its overall cost to deliver by
20%. It has automated the creation, review and approval
of journal entries, dramatically improving the quality
and reliability of the output. Siemens continues a close
partnership with Trintech in order to discover further
ways in which the solution can improve the efficiency
and effectiveness of the financial close.