Trintech, a global leader in cloud-based financial close solutions, has announced its new status as a Workday Innovation Partner. This partnership integrates Trintech’s financial close management solutions with Workday Financial Management, aiming to streamline complex financial processes and enhance efficiency for finance teams.
- Partnership Overview
- Streamlined Integration:
- Combines Trintech’s expertise in financial close automation with Workday Financial Management.
- Facilitates seamless integration for improved financial close processes, account reconciliation, and transaction matching.
- Streamlined Integration:
- Workday Financial Management
- Unified Financial Capabilities:
- Provides real-time insight, agility, and efficiency.
- Helps organizations manage their financial operations more effectively.
- Unified Financial Capabilities:
- Benefits of Trintech’s Solutions for Workday
- Automation of Transactions:
- Automates the collection and reconciliation of external financial transactions.
- Matches millions of transactions to financial accounts quickly.
- Enhanced Accuracy and Efficiency:
- Reduces manual processes and reliance on internal IT teams.
- Routes journal entries back to Workday’s general ledger for faster, more accurate closes.
- Automation of Transactions:
- Key Benefits
- Automate Transaction Matching and Analysis:
- Handles high-volume, multi-way matching and analyzes large datasets.
- Reduce Risk & Report with Agility:
- Achieves real-time financial report accuracy and reduces risk.
- Reduce Time to Close:
- Cuts time for transaction collection and reconciliation by up to 50%.
- Retain Key F&A Talent:
- Alleviates workplace stress through automation, enhancing employee retention.
- Automate Transaction Matching and Analysis:
- CEO Statement
- Mekaela Davis, Chief Partner Officer of Trintech, emphasizes the value of combining expertise in financial close automation with Workday’s capabilities to enhance finance and accounting teams’ efficiency and confidence in period-end numbers.
The partnership between Trintech and Workday represents a significant advancement in financial close management. By integrating Trintech’s solutions with Workday Financial Management, organizations can automate complex financial processes, improve accuracy, and reduce the time and stress associated with financial closes. This collaboration aims to enhance operational efficiency and support strategic financial planning.
