Record to report (R2R) financial software solutions provider, Trintech, and Bengaluru-based information technology, consulting and business process services company, Wipro Limited, have teamed up to deliver digital solutions that help simplify and automate enterprise finance functions.
Through the strategic partnership, Wipro will offer Dallas-based Trintech’s portfolio of financial solutions to its clients worldwide. Solutions include high-volume transaction matching, balance sheet and intercompany reconciliations, journal entries, financial close task management, disclosure and fiduciary reporting, and compliance management.
Wipro will complement Trintech’s portfolio by providing its own AI and automation platform, HOLMES, to extend the footprint of Trintech’s enterprise-class Risk Intelligent Robotic Process Automation financial solution. Wipro will also plan and deliver world-class financial transformation, while providing integration services and post-implementation support.
“The demand for record to report technology solutions continues to grow as finance organisations around the world seek to increase not only the efficiency, but also the effectiveness of their overall financial close processes,” said Robert Michlewicz, chief revenue officer, Trintech.
“Wipro’s deep advisory expertise in finance and IT transformation makes them a perfect partner to deliver successful digital transformations for finance functions, using Trintech’s portfolio of solutions.”
Trintech’s Cadency solution provides financial executives with a financial governance solution that weaves all R2R activities into a single, seamless process, delivering an effective and efficient financial close cycle that minimises risk and costs, maximises resource utilisation, and gives stakeholders full visibility into the close cycle at all times.
“We are confident that organisations committed to digitally enabling their financial processes will benefit immensely from the combination of Trintech’s financial solutions portfolio and Wipro’s expertise in helping businesses simplify and automate their processes,” said Phil Dunmore, vice president and global head of consulting, Wipro Limited.
