CRH Construction Accessories has selected Trintech’s Unity Financial Close solution to replace its spread-sheet based and manual process with a more efficient month-end close and reconciliation process in Europe. The pilot will be lead by Plakabeton in Belgium, the largest entity of CRH Building Site Accessories.
Andi Lapon, Finance Director CRH Construction Accessories said “Our Business Unit is one of the best performing of the CRH group for example in terms of reporting, CAPEX control, audit compliance, accurate budgeting and forecasting. However we are consistently looking to improve our processes combining both a top down and bottom up collaborative approach. Trintech Unity Financial Close platform will benefit all levels of the organization including operational companies, business units and upper management by increasing reporting & control efficiencies. Unity Close will allow more time to focus on performance & acquisitions.”
Unity Close is a web-based Financial Close application that will centralise account reconciliations, assist with Financial Close, SOX compliance checks and create E-binders. CRH Construction Accessories’ business objectives for the Financial Close project were to save time, standardise processes following acquisitions, lower cost and reduce risk. The company also has strategic goals to improve the business control framework, strengthen finance capability and provide standard policies and guidelines
“CRH Construction Accessories grows both organically and through acquisition. They were looking for a global provider of integrated software solutions for the last mile of finance who speaks their language and knows their market,” said Tony Bethell, VP EMEA. “Unity Close which addresses the critical phase of financial management where aggregated financial and operational information is turned into a set of financial statements, will provide CRH Construction Accessories with a dashboard-driven management framework for all aspects of the close. Unity Financial Close will help the CRH finance team identify bottlenecks and communicate potential issues early and often, reducing the possibility of missing documentation and ensuring the accuracy and completeness of their financial statements.”
