Fill out this short survey to receive Trintech’s 2021 Global Record to Report Benchmark report!

In Trintech’s 2020 Global Record to Report Benchmark report, we found that 80% of organizations had only basic or developing automation in place to handle the manual and time-consuming activities of the financial close. A lot has changed within the last year and we saw an increased focus on automation initiatives related to the financial close as a result of the pandemic that changed the way work gets done. Now is the time to benchmark your organization’s financial close process - to compare what has changed over the last year alongside organizations across the globe.

Please take a few moments to answer 5 short questions to provide your input into the current state of the market. By participating in the survey and providing your information, you will be among the first to receive the full Global Record to Report Benchmark report in April.

In case you missed it, here are a few highlights from the 2020 Global Record to Report Benchmark report:

In 2020, Trintech surveyed almost 200 companies across 31 countries to discover what has been automated in the financial close process, what is currently in the process of being automated and where organizations are looking to adopt automation in the future.

Recs Tops List as Biggest Challenge

• The research found that the array of challenges faced during the close process is diverse, however, reconciliations topped the list as the biggest challenge.

Lack of Standardization is Blocking Efficiency

• The results showed that more and more organizations are looking at their Record to Report process holistically and identified a lack of standardization across all processes as their main roadblock to efficiency.

WS-IM-Benchmark2020Q1.JPGWhere do you see the biggest challenge during the month end process?

WS-IM-Benchmark2020Q5.JPGWhen you consider the entire R2R process, where do you see the biggest challenges over the next five years?

Biggest Challenge Over Next 5 years

• By 2025, the biggest challenges the Office of Finance expects to face, according to the survey, are personnel related. Attracting and retaining talent will likely become even more difficult, especially if organizations don’t move away from manual and menial activities that can be automated.

The Need for Insights Will Continue

• The workforce is already focusing on bringing greater value to their organizations by generating actionable insights and we expect this will continue to be a trend in the future.


Want to know where the Office of Finance is focusing for 2021?

Fill out this survey and be among the first to receive insights from Trintech’s 2021 Global Benchmark Report and see where your organization matches up alongside companies from across the globe!


Fill out this short survey to receive Trintech’s 2021 Global Financial Close Benchmark report!

In Trintech’s 2020 Global Record to Report Benchmark report, we found that 80% of organizations had only basic or developing automation in place to handle the manual and time-consuming activities of the financial close. A lot has changed within the last year and we saw an increased focus on automation initiatives related to the financial close as a result of the pandemic that changed the way work gets done. Now is the time to benchmark your organization’s financial close process - to compare what has changed over the last year alongside organizations across the globe.

Please take a few moments to answer 5 short questions to provide your input into the current state of the market. By participating in the survey and providing your information, you will be among the first to receive the full Global Record to Report Benchmark report in April.