Meet Financial Reporting Regulations

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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.

With Tri Trac's TracFCM which is a Financial Consolidation software - organizations can automate and improve their consolidation process The Finance managers provide financial analysis and operational analysis helpful for top management and operational management decision making. TracFCM is the core of all the compliance framework and helps organizations meet the stringent financial regulatory compliance requirements.

TracFCM is a robust Financial Data Warehouse that stores standard regulatory reporting requirements to publish financial statements and other reports. TracFCM empowers the Financial Managers to close & report financial results faster and meet global regulatory requirements with very low cost of compliance with authenticated financial numbers to trust.