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Becoming a top performance finance group

What Record-to-Report Looks Like Using Point Solutions: What Record-to-Report Looks Like For Top Performing Finance Groups: 44% 72% RANK TRANSACTIONAL PROCESS PERFORMANCE BLAME FRAGMENTED TECHNOLOGY FOR NOT AS A KEY TO ACHIEVING PERFORMANCE GOALS ACHIEVING THEIR PERFORMANCE GOALS ALL TOP PERFORMERS IN R2R LEVERAGE TECHNOLOGY EXTENSIVELY! 68% OF CFOS HAVE INADEQUATE R2R $4.2 VISIBILITY FOR EVERY $5B OF REVENUE, TOP PERFORMERS REALIZE $4.2 MILLION IN R2R PROCESS EFFICIENCY MILLION SAVINGS! QUALIT XREJECTED -84% OF FINANCE EXECS FIND IT HARD TO CONTROL THE QUALITY OF R2R DATA 33% 33% TOP PERFORMERS CLOSE AND REPORT 33% FASTER 80 OZ OF EXECS 70 SPEND THEIR TIME MANAGING 20% 20% HOW CAN MY FINANCE DOCUMENTS & RECON- ON 80% GROUP BECOME A CILING INFORMATION MANAGING RISK TOP PERFORMER? & COMPLIANCE CHOOSE A SINGLE SOLUTION FOR RECORD-TO-REPORT AND GAIN DRAMATIC R2R EFFICIENCIES: 75% , OF BUSINESSES BELIEVE THAT THEY SHOULD BE CLOSING FASTER • Reduce process costs by 50% Close and report significantly faster • Gain process transparency & control • Reduce manual activities, cost & risk cadency PREFERRED: 4 DAYS CURRENT: 7+ DAYS Data Sources: APQC, The Hackett Group. Accenture, KPMG & CFO Magazine For more information go to www.trintech.com - ©Trintech 2013 the rhythm of finance

Becoming a top performance finance group

shared by joshuatitsworth on Jul 28
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At first sight, the Record-to-Report (R2R) cycle may look like a stable process. But observers of financial reporting over the last decade know that it is actually in a constant state of flux, buffete...

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Trintech

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