Meeting the Evolving Needs of the Office of the CFO with Trintech

As SAP organizations make the move to SAP S/4HANA, they need to find partners that can help them to grow and scale while maximizing their investment in the new deployment. This is especially important for finance leaders.

To help the office of the CFO understand how to best leverage SAP to drive value and innovation, SAPinsider recently sat down with Michael Ross, Chief Strategy and Product Officer at Trintech.

Understanding the Challenges of the CFO

To maximize the value of their new SAP deployments, finance leaders must first understand their pain points. By and large, one of the most significant issues is lagging technology adoption, according to Ross. This can cause compliance problems as the requirements on these teams expand and grow more complex.

“I’d say the office of the CFO and Financial Services was later to technology. We see that that is a market that is going through a transformation cycle, with new banking cores, new GLs, and new ERPs. We also see new compliance obligations really targeting financial services, with banks and capital markets. That really drives scale requirements. We’re seeing that as a space that we want to make more accessible to more customers because we see that scale for financial services just continuing to grow,” said Ross.

Companies must find solutions that can scale and grow along with the organization itself, as well as the market it exists within. Trintech’s certified technology partnership with SAP solves unique problems faced by SAP customers by automating essential financial close activities. These activities typically reside outside the core ERP system and include account reconciliations, transaction matching, close task management, journal entry automation, intercompany accounting, audit and compliance, and reporting and analytics. By addressing these areas, the partnership helps SAP customers optimize their financial processes, reduce risks, and create greater business value.

Finding the Right Solution

SAP organizations are constantly searching for new options to maximize the power of their landscapes to bolster financial workflows. In order to do this, they require solutions that offer seamless integration with SAP landscapes.

Trintech’s specialized solutions integrate seamlessly with SAP to automate critical financial close activities that often occur outside the ERP. This collaboration provides significant benefits to SAP customers, leading to long-term cost savings, increased efficiency, and stronger financial controls.

“We will continue to build in and around the SAP ecosystem, whether that’s the next generation of integrations based on what SAP is doing or moving more to API. That is a main block that we will continue to grow and enrich,” said Ross.

Trintech holds several SAP certifications for S/4HANA On-Premise and HEC (HANA Enterprise Cloud), HANA Cloud Extended Edition, and HANA Cloud Private Cloud (Rise with SAP). This ensures a robust and secure data flow between the SAP system and Trintech’s platform.

The partnership between SAP and Trintech is a strategic alliance aimed at enhancing the financial close process for organizations utilizing SAP’s enterprise resource planning (ERP) systems. Recognizing that while SAP ERPs manage daily operations effectively, they are not purpose-built to handle the complexities of the financial close.

Trintech offers a portfolio of solutions tailored to different organizational needs, all designed to integrate with SAP. For large enterprises, Cadency provides a transformative solution that weaves all Record to Report (R2R) activities into a single, seamless process, enhancing control and automation. For mid-sized organizations, Adra automates key financial close tasks, simplifying processes and accelerating the close with greater confidence, and also features a certified connector for SAP S/4HANA. The partnership allows customers to leverage the breadth of SAP S/4HANA functionality combined with Adra’s focused close automation capabilities to maximize their ERP investment.

The solutions are designed to meet the different needs that companies may have, based on their size and market space.

“We believe fundamentally that there are different segments and industries that need unique capabilities, right. Trintech is a great example; we run Adra. If we ran Cadency, it would be like driving a Mack truck when we need a Porsche. If you’re a Fortune 10 company, Cadency is a great choice. They’re both great cars, but every car has a great buyer,” said Ross.

What This Means for SAPinsiders

Companies must identify and address the top challenges facing the CFO. One of the biggest challenges for CFOs in SAP organizations is lagging technology adoption. The financial services sector has been slower to adopt modern technology, creating compliance and scalability issues as regulations and market complexities increase. Financial teams are now under pressure to scale operations efficiently while maintaining compliance with expanding regulatory requirements. Companies must ensure that they remain on top of the latest advancement to keep their organizations running efficiently.

Integration and automation with SAP paves a pathway to success. Companies must ensure that they are able to operate effectively after moving to SAP S/4HANA. Trintech’s partnership with SAP helps address these challenges by automating essential financial close activities that typically occur outside SAP’s core ERP system. Trintech’s solutions are fully certified with SAP S/4HANA, ensuring seamless integration and secure data flow. This automation reduces errors, improves efficiency, and strengthens financial controls, allowing finance teams to focus on strategic tasks rather than manual processes.

Tailored solutions for meet different organizational needs. The most effective solutions are not one-size-fits-all. Trintech provides tailored solutions based on company size and complexity. Cadency is designed for large enterprises, offering a comprehensive Record to Report solution for full control and automation of the financial close process. In contrast, Adra is tailored for mid-sized organizations, simplifying the financial close and accelerating the process with greater confidence. This strategic flexibility ensures that Trintech can support a broad range of SAP customers with diverse operational needs.