Know TracFCM
Most of the organization compliance is a prevalent business concern, partly because of an ever-increasing number of regulations that require companies to be vigilant about maintaining a full understanding of their regulatory compliance requirements. Many Finance manager's tiresome activity of financial consolidation using spreadsheets are difficult to maintain and audit. At some organizations, the finance team are burdened with custom reporting that are not scalable and don't even meet the global requirements of financial reporting. Remaining organizations are work on general ledger that extract the data from varied transactional systems and always dependent on the IT team for support in data extraction and report creation. What is required is the single consolidated view of financial and operational data coming from varied data sources used in the organization without any delays in delivery of results which should be a single version of the truth.
Tri Trac Technologies, TracFCM software is a SELF SERVICE and collaborative Financial Consolidation application that automates and improves the entire consolidation process. With TracFCM the Finance managers own the consolidation and complete the close process easily and report financial results faster and meet the global regulatory requirements with very low cost of compliance with authenticated financial numbers to trust. It provides financial analysis and operational analysis helpful for top management and operational management decision making.
TracFCM is a robust Financial Data Warehouse that stores standard regulatory reporting requirements to publish financial statements and other reports. TracFCM is the core of all the compliance framework and helps organizations meet the stringent financial regulatory compliance requirements.