Partnership redefines the approach to financial
reconciliations, integrating advanced close and complex
reconciliation capabilities to streamline close processes
DALLAS, Sept. 11, 2024 /PRNewswire/ -- Trintech, a
leading global provider of cloud-based financial close solutions
for the Office of Finance, today announced it has become a
Workday Innovation Partner. Workday, Inc. (NASDAQ: WDAY) is a
leading provider of solutions to help organizations manage their
people and money. This partnership provides a more streamlined
integration between Workday Financial Management and Trintech
solutions for financial close management, account reconciliation,
and transaction matching processes.
Workday Financial Management unifies a full range of core
financial capabilities to help provide organizations with the
real-time insight, agility, and efficiency required to meet the
complex needs of today's business landscape.
"With the increasing complexity of financial operations,
organizations want integrated solutions that can streamline their
financial close processes," said Mekaela
Davis, Chief Partner Officer of Trintech. "Our
partnership with Workday combines our deep expertise in financial
close automation with Workday Financial Management, creating a
workspace where finance and accounting teams can prioritize
critical business tasks, work more efficiently, and gain confidence
in their period-end numbers."
Trintech's Solutions for Workday are engineered to help
address complexities in the reconciliation and close processes that
fall outside the core scope of Workday. Users can automate the
collection of external financial transactions across multiple
systems by eliminating manual processes and reducing reliance on
internal IT teams. The solutions can match millions of transactions
to financial accounts in seconds, routing journal entries back to
Workday's general ledger for a faster and more accurate financial
close. This automation enhances accuracy and helps improve the
work-life balance of accounting teams, allowing more time for
strategic financial planning and analysis.
Key Benefits:
- Automate Transaction Matching and Analysis: Automate
high-volume, multi-way matching and analyze trends across large
sets of data from multiple sources
- Reduce Risk & Report with Agility: Gain greater
financial report accuracy in real time while reducing risk
- Reduce Time to Close: Reduce time to collect
transactions and complete complex reconciliation processes by up to
50%
- Retain Key F&A Talent: Automating complex data
collection and reconciliation helps dramatically reduce workplace
stress and improve employee retention
More information on Trintech's integration can be found on the
Workday Marketplace, which provides easy access to solutions built
by Workday and its partners.
To learn more about the Trintech and Workday partnership,
schedule time with us at the upcoming Workday Rising and register
for Trintech's speaking session, "Reimagining the Financial Close:
The Promise of AI-Enabled Automation".
About Trintech
Trintech gives people time back
for what matters most. Our cloud–based platform and solutions
enable thousands of clients worldwide to lead productivity
transformation across their finance and accounting organizations —
driving efficiencies, ensuring accuracy to mitigate risk, and
empowering strategic decision-making. Make time count with
Trintech.
As the leader in Financial Close Management, Trintech is
headquartered in Plano, Texas with
offices and strategic resellers across United States, Europe, Australia, South
America, Africa, and
Asia Pacific. With a strong
partner ecosystem, Trintech collaborates with over 100 companies to
create a network of interconnected businesses. To learn more about
Trintech, visit www.trintech.com.
Media Contact:
Kelli
Shoevlin
Director, Global Corporate Marketing & Communications
kelli.shoevlin@trintech.com
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