Industry News

When Eric Berridge, co-founder of Bluewolf Group, suggests the CFO as Captain Chaos he is recognizing that someone has to take charge of the chaos increasingly surrounding us. He wrote recently in his blog that CFOs must learn to harness chaos for a very simple reason: business is becoming more chaotic. The evidence is everywhere. [...]

Trintech Announces Availability of Latest Release of Cadency CompleteBobsguide (press release)Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance, has announced the general availability of Cadency™ Complete Version 1.5, Trintech's ground-breaking Financial Disclosure Management solution. The latest ...

Trintech upgrades financial disclosure management system..FinextraTrintech, a leading global provider of integrated software solutions for the Last Mile of Finance, has announced the general availability of Cadency Complete Version 1.5, Trintech's ground-breaking Financial Disclosure Management solution. The latest ...

PR Web (press release)Trintech Announces Availability of Latest Release of Cadency CompletePR Web (press release)Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance, has announced the general availability of Cadency™ Complete Version 1.5, Trintech's ground-breaking Financial Disclosure Management solution. The latest ...

Trintech Named as Software Vendor to Watch by Financial Systems NewsBobsguide (press release)Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance, has announced that it has achieved the distinction of being named "Software Vendor to Watch in 2013" in the category of Financial Governance by Financial ...

Last month wiredFINANCE looked at the technology trends for 2013 from Gartner, Forrester, and others. Accenture, a large technology research and consulting firm takes a somewhat broader, more forward-looking view, here. In this piece, wiredFINANCE also looks forward, identifying some of the more obscure technologies among those CFOs should watch. As this blog wrote in [...]

PR Web (press release)Trintech Reinvents the Record-to-Report Process with EMEA Roll-out of CadencyPR Web (press release)Following the highly successful launch of Cadency™, in the U.S. earlier this month, Trintech, a leading global provider of Last Mile of Finance software solutions is rolling out the highly acclaimed financial governance solution throughout the EMEA ...and more »

London, UK / Dublin, Ireland / Dallas, TX (PRWEB) November 21, 2012 Following the highly successful launch of Cadency™, in the U.S. earlier this month, Trintech, a leading global provider of Last Mile of Finance software solutions is rolling out the highly acclaimed financial governance solution throughout the EMEA region starting in London on 27th November 2012.

CFOs have a number of things from a technology standpoint to be thankful about. You have been reading about these technologies all year here and here. Mainly they help you reduce costs, improve business processes, and boost your efficiency and the efficiency of your organization: Virtualization—increases the utilization and flexibility of IT resources.

"The days of cumbersome, risk-prone Last Mile of Finance processes are over," says Paul Byrne, CEO of Trintech. "Trintech is excited to be introducing Cadency to the Office of Finance. "This lack of transparency and visibility significantly hinders a finance executive's ability to respond proactively to an ever-changing economic and regulatory environment," Fritz continued. 
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Dallas, TX / London, UK / Dublin, Ireland (PRWEB) November 12, 2012. “The days of cumbersome, risk-prone Last Mile of Finance processes are over,” says Paul Byrne, CEO of Trintech. “Trintech is excited to be introducing Cadency to the Office of Finance. “This lack of transparency and visibility significantly hinders a finance executive’s ability to respond proactively to an ever-changing economic and regulatory environment,” Fritz continued.

For many CFOs, IT is a costly pain in the you-know-what. Annoyance factors aside, it is important for the CFO to make a realistic assessment of the value of IT. This is particularly important both when considering a sale/acquisition or when strategizing and planning internally. In short: how do you treat IT, as a business asset or a liability?

Business fully entered the age of mobility in 2010 with the initial sales of Apple’s iPad. In the first 80 days after it went on sale on April 3, 2010, it had sold over 3 million units. “By any account, the iPad is a runaway success of unprecedented proportion” noted Colin McGranahan, retail analyst at Bernstein Research.

MELODIKA.net. Home of MusicArticles Trintech’s Ground-Breaking Launch of “Cadency Complete” Creates a Stir at 4th Annual XBRL US Nationa. Sunday, 04 November 2012. Pop, Disco, Rap... Folk, Country... Jazz, African... Rock, Metal, Punk... Electronic, Techno, Dance... Latin, Polka, Raggae... Rhythm, Swing...

Paul Byrne, CEO Trintech. We were delighted with the enthusiastic reaction to Cadency Complete which uses the best available technology to take the governance of the ‘Last Mile’ to the next level. Dallas, TX / London, UK / Dublin, Ireland (PRWEB) October 04, 2012. Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance has announced the release of its ground-breaking Financial Disclosure Management Solution “Cadency Complete”, at the 4th Annual XBRL US National Conference.

The integrated Journal Entry module allows users to create and post journal entries from within the reconciliation module leading to more process efficiencies and time savings. London, UK; Dallas, TX ; Dublin, Ireland (PRWEB) September 24, 2012. Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance has announced the release of its Journal Entry module.

London, UK; Dallas, TX ; Dublin, Ireland (PRWEB) September 24, 2012. Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance has announced the release of its Journal Entry module. The latest release focuses on optimizing the journal entry process and controls to reduce the manual burden within the financial close by accelerating and streamlining journal entry posting.

Companies that file financial statements in XBRL are showing lower equity capital costs  and increased stock liquidity, according to the findings of a recent study from the National University of Singapore.

For many companies, moving to the shared services model is an important first step in streamlining financial processes, reducing costs, gaining transparency and eliminating human error. But in order to complete the journey and achieve competitive advantage in today's world, many need to realise still more value from their finance and accounting shared services centres.

Imagine there were templates available for your most common disclosures that must be tagged in XBRL. Would it make the tagging and submission of your financial statements easier? Would it provide some assurance that they are correct? Charles Hoffman thinks so. Hoffman is one of the early pioneers who helped bring XBRL from a science-fiction fantasy to a modern-day reality.

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At present, the Last Mile has become much tougher to traverse due to new regulatory disclosure requirements including eXtensible Business Reporting Language (XBRL) and efforts to enhance Internal Controls over Financial Reporting (ICFR). The penalties for getting financial statements wrong or filing them late can be extremely costly.

It is not unusual for enterprises to have 1000 applications and many more servers. Large enterprises can even have 10,000 or more applications. This portfolio of technology and applications often is referred to as the organization’s technology or application debt. Every organization that uses technology carries some level of such debt.

TORONTO, ONTARIO, Jun 28, 2012 (MARKETWIRE via COMTEX) -- Longview Solutions, a leading provider of corporate performance management (CPM) and tax reporting software, hosted its 18th annual global customer conference, Dialog, at the W Hotel in Fort Lauderdale, FL from May 14 to 17, 2012.

Economic conditions are at a critical juncture, forcing senior executives to essentially wager whether growth, recession or some unprecedented combination of both is most likely, and how to best position their organisations as a result.

As a leader in integrated software solutions for the Last Mile of Finance, we have an in depth knowledge of how technology drives change across finance processes to ensure efficiency, visibility and control throughout a global organisation.

Trintech, a leading provider of integrated Record-to-Report solutions for global enterprises, announced today that Trintech will be hosting the Financial Executives International’s Committee on Finance and Informational Technology (FEI CFIT) on May 31st and June 1st at their corporate offices in Addison, TX.

If it eventually becomes an option in the United States, in-line XBRL may become “the only thing that saves XBRL from itself,” according to XBRL pioneer/consultant/blogger Dan Roberts. The Securities and Exchange Commission is testing the waters to see if companies are interested in having the option to file their financial statements in in-line XBRL.

As business globalises, compliance with a host of international regulations is becoming more and more onerous — and the consequences of non-compliance more severe. It's time to start thinking about automating the financial reporting process, says Conrad Steyn, Director, Barnstone and Trintech Alliance Manager, sub-Saharan Africa.

“Rebooting Business” will explore recent research conducted by the AICPA and the Chartered Institute of Management Accountants (CIMA) regarding what global CEOs value about the human dimension...

The last mile of finance is an idea that has been popularized by Gartner. It addresses the business processes at the end of the financial close. This includes helping the CFO communicate with publishers, the Securities and Exchange Commission, and board members on financial and operational results. Included are reconciliation, close, and disclosure applications.

Trintech, a leading provider of integrated Record-to-Report solutions for global enterprises, announced their 16th Annual Customer Conference and Executive Circle May 14th through 16th at the Sandestin Golf and Beach Resort in Sandestin, Florida.

Trintech, a leading provider of integrated Record-to-Report solutions for global enterprises, announced their 16th Annual Customer Conference and Executive Circle May 14th through 16th at the Sandestin Golf and Beach Resort in Sandestin, Florida.

In the midst of recession and poor economic outlook, companies always endeavour to control costs, whilst revenues remain flat. Unsurprisingly, support departments are one of the first casualties of the CFO's cost rationalisation drive. During this mayhem, PMOs struggle to evade the cost cutting knife and are forced to cut back resources and scale down services.

. Willis is the PwC partner and XBRL pioneer who recently authored a 12-page paper encouraging companies submitting their financial statements to the Securities and Exchange Commission in XBRL to “go the distance.” Optimize the XBRL process by implementing disclosure management applications that will enable you to streamline the last mile of financial reporting, he says.

Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance, is pleased to announce that PPG Industries Europe has selected and successfully implemented Trintech’s AssureNET solution to improve its balance sheet reconciliation process.

Anti-corruption, anti-bribery and anti-money laundering programs, policies, and procedures – and even export control systems – are seemingly in a constant state of evolution. Many companies are struggling with the challenge of implementing effective controls and monitoring risks across a spectrum that could include the three above compliance areas as well as others.

Howard Rubin formulated Rubin’s Law, a corollary of Moore’s Law, which has driven IT economics for two decades or more. Moore’s law states that the number of circuits packed onto a silicon chip doubles every 18-24 months and has been driving the ability of the IT industry to deliver more capability for the same or less money. Moore’s law was good for business; Rubin’s law is not.

If you’re still bolting on or outsourcing the XBRL rendering of your financial statements, you’re likely missing out on the true benefits of digital business reporting, according to Charles Hoffman, widely viewed as the founder of XBRL.

Nearly one year ago an employee told Katy Fisk that they weren’t happy with their current intranet. Katy is the HR Manager at Trintech, the leading global provider of integrated software solutions for The Last Mile of Finance. She took this statement as a challenge and wanted to prove that their intranet could deliver in great functionality.

Project management has begun to play an increasingly important role in organizations. Projects are identified to continuously improve the existing business performance and to prepare for the future per organizational strategy. Unfortunately, many of those projects fail.

. The pilot will be lead by Plakabeton in Belgium, the largest entity of CRH Building Site Accessories. Unity Close is a component of Trintech’s Unity platform, a suite of modular software that empowers companies to automate their Last Mile of Finance to increase efficiency, improve visibility, shorten cycle times, lower costs, and reduce risk.

Four years ago, Eric Berridge declared in his book Iterate or Die that traditional ERP systems were dinosaurs headed for extinction. He was right, but before ERP completely disappeared some products began to morph into something else. It took a few years and now we are witnessing the return of ERP. But this is not your father’s ERP.

Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance, and The Hackett Group, global leaders in improvement strategies, announced today a jointly produced webinar, “Best Practices in Reconciliations and Balance Sheet Certification” to be held Wednesday, February 22, 2012, 3:00 pm GMT.

I enjoy maturity and evolution models of all kinds, especially for business. There is a stages of maturity model for information technologies and others such as for sales teams and their customer relationships.

Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance, has announced a new four-part webinar series titled “Last Mile of Finance Leading Practices.” The Last Mile of Finance refers to the series of steps that occur from subsidiary close to the group publication of financial information to key stakeholders and regulators.

Taxonomy updates for both U.S. GAAP and IFRS are moving closer to completion. The Financial Accounting Standards Board has made available the 2012 GAAP Taxonomy that is awaiting approval at the Securities and Exchange Commission. At about the same time, the IFRS Foundation has published a draft of its 2012 IFRS Taxonomy for public review and comment.

The use of XBRL in Australia is being led by a government initiative, the Standard Business Reporting (SBR) project. Several hundred regulatory forms from various government agencies now have XBRL 2.1 Taxonomies incorporated into a common architecture.

When practitioners, consultants and academics discuss leading organizational risk management practices, they hone in on people, processes and supporting technology. As major risk management failures in recent years have illustrated, mastering these three dimensions is necessary but not sufficient.

After decades of badgering companies to backup their data, many organizations are still only just joining the backup bandwagon. They do it mainly because the auditors or regulators put a gun to their heads. Over the years, backup and recovery has gotten much simpler and faster due to disk-to-disk (D2D) backup.

The size of a CEO's executive team has increased dramatically in recent decades, but little has been known about its composition. Using a rich dataset of US firms from 1986 to 2006, this paper documents the dramatic increase in the number of functional managers in the executive team.

Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance, is pleased to participate with http://www.sharedserviceslink.com in sharing best practice process optimisation for account reconciliations with a webinar entitled “Make Spreadsheet Kung Fu an Act of the Past – The Power of Automated Reconciliations.

Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance, is pleased to participate with http://www.sharedserviceslink.com in sharing best practice process optimisation for account reconciliations with a webinar entitled “Make Spreadsheet Kung Fu an Act of the Past – The Power of Automated Reconciliations.

The Institute of Management Accountants is advocating the use of XBRL to facilitate broader adoption of integrated reporting to give stakeholders a deeper understanding of a company’s performance and prospects for future success.

Risk has always been an integral part of business, but as I’ve noted, companies deal with risk with varying degrees of effectiveness.

For individuals running a Financial Shared Services Centre and considering migrating from a cost saving model to a value creating model, this webinar will provide ideas to help them become a truly customer-centric business partner.

For individuals running a Financial Shared Services Centre and considering migrating from a cost saving model to a value creating model, this webinar will provide ideas to help them become a truly customer-centric business partner.

Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance, is pleased to participate with in sharing best practice process optimisation for account reconciliations with a webinar entitled "Make Spreadsheet Kung Fu an Act of the Past - The Power of Automated Reconciliations.

. The objective of the forum is to bring together senior leaders in the field of FSSCs in an informative and educational manner to examine the common challenges faced by these leaders, and to highlight methods they are using to become more effective in supporting the organisation, whilst gaining efficiencies across the finance function.

XBRL International is looking for some XBRL experts, especially those who have experience with taxonomies, to join a task force to help develop and disseminate some taxonomy architecture guidance. The consortium’s Best Practices Board wants to develop a comprehensive guideline document for taxonomy development to ensure interoperability.

Throughout 2011, I’m pretty sure I heard every possible Dodd-Frank implementation forecast possible. Here are just a few: the new law will require 10 times as much compliance work as Sarbanes-Oxley while squashing U.S.

The year of 2011 marks several milestones in terms of the increase in quantity and the improvement in quality of XBRL data. Such changes will lead to widespread consumption of XBRL data for the year 2012 and beyond.

The big technology trends in 2012 will be extensions of trends that began in 2011 or earlier. For example, wiredFINANCE noted the Consumerization of IT back in September. Expect it to pick up speed in 2012. Similarly, back in January you read about The Internet of Things here. That too will drive technology trends in 2012.

Tier 1 XBRL filers consider the XBRL-related activity to be the biggest bottleneck in their financial reporting function, according to a recent study by the Financial Executives Research Foundation, and they consider the review process to be the most challenging part of the overall XBRL experience.

Companies marching through the paces of detailed XBRL tagging don’t like to hear it, but we’re still just on the cusp of seeing real utility in the repository of data that is starting to build via XBRL. Investors have a long way to go to learn how to use the ...More

In surveys executives repeatedly express their preference for private clouds due to the perceived greater control and better security. Still, a private cloud needs to generate a ROI justify the investment. Private clouds don’t come free. Assessing the ROI of private cloud is possible but not straightforward. Additionally the recent economic recession has pressured corporate [...]

In this paper Trintech look at the best ways for your company to master the financial close by looking at areas such as; ERP not meeting current needs, the complexity of your companies requirements, and over reliance on IT functions.

For many CFOs, the IT group is a cost center to be minimized. Ironically, the cost of IT systems remains flat (actually falling on the basis of cost per unit of capacity delivered). It’s the cost of administration, management, operations, and power that keeps going up. Steve Mills, Senior Vice President and Group Executive, IBM Software [...]

Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance, and KPMG LLP, the audit, tax and advisory firm, announced today a jointly produced webinar , “Optimizing the Last Mile of Finance,” to be held Tuesday, December 13, 2011, from 1:00 - 2:00 PM CST.

PR Web (press release)Trintech Announces Joint Webinar with KPMG LLP: “Optimizing the Last Mile of ...PR Web (press release)Webinar Features Trintech and Client Coca-Cola Refreshments Discussing their Use of Trintech's Automation Solutions for the Last Mile of Finance. We believe in a holistic approach where the objective of any production system is to minimize cycle time, ...Trintech Group PLC (ADR) : Trintech Announces Joint Webinar with KPMG LLP ...4-traders (press release)all 4 news articles »

The conventional wisdom holds that most companies have their operational and financial-reporting risk management capabilities under control. The problem resides in strategic risk management capabilities. The conventional wisdom may be terribly wrong.

By focusing... upon the critical role Microsoft products play in our clients’ organizations, we are able to strengthen the functionality of our financial software solutions with greater, more robust features to add strategic value for our clients.

Trintech Achieves a Microsoft Gold Independent Software Vendor (ISV)/Software ...DigitalJournal.com (press release)Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance, today announced it has achieved a Gold Microsoft Independent Software Vendor (ISV)/Software Competency in the Microsoft Partner Network, ...and more »

Trintech's Unity Suite achieves SAP integration certificationITWeb (blog)Trintech has announced that its Unity Suite – Reconciliation 6.0 has achieved certified integration with SAP ERP 6.0 applications. The certification was granted by the SAP Integration and Certification Centre. Trintech's Unity Suite provides an ...

At the recent XBRL International conference in Montreal, the XBRL International consortium released the the first draft of its Abstract Model, developed by its Abstract Modelling Task Force (AMTF). The abstract model is meant to establish a common framework for communicating and understanding the XBRL technology. The abstract model should be of particular interest to software engineers, who are looking for a common language to communicate and understand the XBRL technology, the consortium said.

A group of academics studying XBRL acceptance have determined investors are warming up to using XBRL-enabled technology to do their research and make investment decisions. In their study of the effects of exclusive technology choice on the analysis of financial information, a trio of accounting professors found that 66 percent ...More

This white paper explains how Law Debenture, a FTSE 250 company preparing accounts for more than 100 companies in Word and Excel, successfully solved its iXBRL problem.

Charles Hoffman, often credited with founding XBRL, has been studying more than 5,500 XBRL filings to the Securities and Exchange Commission to get a sense of the semantic model of financial reports that is emerging through the XBRL process. He's curious to see how well SEC filings adhere to that model.

The size of corporate accounts has increased threefold in the last 10 years. However, as the size of and complexity of annual reports has grown, the ability to understand them and their usefulness has shrunk. The financial reporting community, including investors, is concerned about the increasing size of annual reports. Readers are now so blinded by data that many key messages about a company's performance are drowned by the detail. Investors and fund managers rely heavily on annual reports and accounts. In the current economic climate, it is more vital than ever that those seeking to assess the financial health of a company in order to make an investment decision can do so clearly.

Convergence is a term we hear a great deal these days to describe efforts to reduce the major differences between International Financial Reporting Standards and other major systems of accounting, especially the Generally Accepted Accounting Principles followed in the United States. However, convergence can also be used to describe the efforts under way among XBRL teams in various countries. At the IFRS Foundation, our XBRL team is working with the XBRL team at the Financial Accounting Standards Board and the team in Japan developing the Electronic Disclosure for Investors NETwork (EDINET) to reduce significant differences in our respective Taxonomies.

The move to iXBRL is being touted as a revolution in the way businesses record and file their financial data. So much for the grand vision, but what does this mean for FDs and their advisors?

Large and small accountancy firms and small businesses have a common challenge when addressing iXBRL – how to tag a small number of financial statements.

How are firms approaching iXBRL from a commercial perspective? We observe two dramatically different approaches; those that see iXBRL as an opportunity, and those who see it as a threat.

The new requirement to file company accounts in iXBRL format has raised several questions surrounding the responsibilities of Management and their advisers.

There’s no precise data yet on the overall costs associated with implementing XBRL, but companies that have been at it for a while are starting to feel the sting of redundancy in submitting data to the Securities and Exchange Commission in both XBRL and HTML formats. Even strong supporters of XBRL ...More