{"id":7187,"date":"2021-06-07T13:13:10","date_gmt":"2021-06-07T13:13:10","guid":{"rendered":"https:\/\/www.trintech.com\/case-study\/boston-scientific\/"},"modified":"2025-06-05T14:24:12","modified_gmt":"2025-06-05T14:24:12","slug":"boston-scientific","status":"publish","type":"case-study","link":"https:\/\/www.trintech.com\/case-study\/boston-scientific\/","title":{"rendered":"Boston Scientific Corporation Supports Organizational Growth through Finance Transformation Initiative"},"content":{"rendered":"<div  class=\"resource-hero-block alignfull\" >\n\t<div class=\"maybe-wrapper\">\n        <div class=\"hero-top\">\n            <div class=\"hero-title\">\n                <h1>Boston Scientific Corporation Supports Organizational Growth through Finance Transformation Initiative<\/h1>\n                <p class=\"type\">Case Study<\/p>\n                            <\/div>\n            <div class=\"hero-share\">\n                <h2>Share<\/h2>\n                <div class=\"socials\">\n  <a class=\"email\" href=\"mailto:?subject=Boston+Scientific+Corporation+Supports+Organizational+Growth+through+Finance+Transformation+Initiative&#038;body=https%3A%2F%2Fwww.trintech.com%2Fcase-study%2Fboston-scientific%2F\">\n    <span class=\"screen-reader-text\">Email<\/span><span class=\"icon icon-mail\"><\/span>\n  <\/a>\n  <a href=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fwww.trintech.com%2Fcase-study%2Fboston-scientific%2F\" target=\"_blank\"><span class=\"screen-reader-text\">Twitter<\/span><span class=\"icon icon-x\"><\/span><\/a>\n  <a href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.trintech.com%2Fcase-study%2Fboston-scientific%2F\" target=\"_blank\"><span class=\"screen-reader-text\">Facebook<\/span><span class=\"icon icon-facebook\"><\/span><\/a>\n  <a href=\"https:\/\/www.linkedin.com\/sharing\/share-offsite\/?url=https%3A%2F%2Fwww.trintech.com%2Fcase-study%2Fboston-scientific%2F\" target=\"_blank\"><span class=\"screen-reader-text\">Linkedin<\/span><span class=\"icon icon-linkedin\"><\/span><\/a>\n<\/div>            <\/div>\n        <\/div>\n\n        \n\t<\/div>\n<\/div>\n\n\n\n<div      class=\"billboard-block alignfull billboard-block-- \">\n     <div class=\"billboard-block__image\">\n          <img decoding=\"async\" src=\"https:\/\/www.trintech.com\/wp-content\/uploads\/2021\/06\/worked-my-entire-life-to-get-here-shot-of-a-young-2023-11-27-04-56-25-utc.jpg\" alt=\"\">\n\n               <\/div>\n\n     <div class=\"billboard-block__content\">\n          <div class=\"acf-innerblocks-container\">\n\n<h2 class=\"wp-block-heading\">Business Drivers to Automate<\/h2>\n\n\n\n<p>Due to their aggressive acquisition strategy, Boston Scientific Corporation (BSC) set out to solve the many financial close challenges their Office of Finance was facing including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>An increase in time and effort to support their Record to Report (R2R) workload, especially with a heavy reliance on manual processes and legacy tools <\/li>\n\n\n\n<li>No standardized workflow documentation <\/li>\n\n\n\n<li>Lack of process visibility, as well as an absence of ensured control framework<\/li>\n<\/ul>\n\n\n\n<p>BSC needed a financial close solution that would help them increase their efficiencies and effectiveness across their global accounting processes, while also increasing transparency and standardization to deliver value for the entire organization. After reviewing other Record to Report solutions, they chose <strong><a href=\"https:\/\/www.trintech.com\/cadency\/\">Cadency\u00ae by Trintech <\/a><\/strong>\u2014 specifically <strong><a href=\"https:\/\/www.trintech.com\/cadency\/certification\/\">Cadency Reconciliation Certify\u00ae<\/a><\/strong>, <strong><a href=\"https:\/\/www.trintech.com\/cadency\/close-management\/\">Cadency Close\u00ae<\/a><\/strong> and <strong><a href=\"https:\/\/www.trintech.com\/cadency\/journal-entry\/\">Cadency Journal Entry\u00ae (JE).<\/a><\/strong><\/p>\n\n<\/div>\n     <\/div>\n<\/div>\n\n\n<div      class=\"billboard-block alignfull is-style-image-second billboard-block-- includes-test\">\n     <div class=\"billboard-block__image\">\n          <img decoding=\"async\" src=\"https:\/\/www.trintech.com\/wp-content\/uploads\/2021\/06\/young-scientist-in-white-lab-coat-working-with-bin-2023-11-27-05-28-01-utc-scaled.jpg\" alt=\"\">\n\n                    <figure class=\"billboard-block__testimonial\">\n               <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"63\" height=\"48\" viewBox=\"0 0 63 48\" fill=\"none\">\n                    <path d=\"M24.9149 0L27.6106 9.92569C23.9137 11.2181 20.9613 12.9758 18.7534 15.1987C16.5455 17.37 15.2362 20.2908 14.8255 23.9612L13.5161 22.8756C17.4184 22.8756 20.5762 24.0905 22.9894 26.5202C25.454 28.9499 26.6863 31.9225 26.6863 35.4378C26.6863 39.2116 25.454 42.2617 22.9894 44.588C20.5762 46.8627 17.4184 48 13.5161 48C9.61387 48 6.45611 46.63 4.04286 43.8901C1.68095 41.1502 0.5 37.0921 0.5 31.7157C0.5 25.4604 1.68095 20.1357 4.04286 15.7415C6.45611 11.2956 9.51118 7.78029 13.2081 5.19548C16.9563 2.55897 20.8586 0.827141 24.9149 0ZM59.8043 0L62.5 9.92569C58.8031 11.2181 55.8507 12.9758 53.6429 15.1987C51.435 17.37 50.1257 20.2908 49.7149 23.9612L48.4056 22.8756C52.3079 22.8756 55.4656 24.0905 57.8789 26.5202C60.3435 28.9499 61.5758 31.9225 61.5758 35.4378C61.5758 39.2116 60.3435 42.2617 57.8789 44.588C55.4656 46.8627 52.3079 48 48.4056 48C44.5033 48 41.3456 46.63 38.9323 43.8901C36.5704 41.1502 35.3894 37.0921 35.3894 31.7157C35.3894 25.4604 36.5704 20.1357 38.9323 15.7415C41.3456 11.2956 44.4006 7.78029 48.0975 5.19548C51.8458 2.55897 55.748 0.827141 59.8043 0Z\"\n                         fill=\"#C4E538\" \/>\n               <\/svg>\n\n               <blockquote>\n                    <p>Overall, we\u2019ve seen significant indirect cost savings with Cadency by way of auto-reconciling accounts, risk-stratifying the balance sheet and enabling RPA in several instances, taking time out of our finance processes.\u201d <\/p>\n               <\/blockquote>\n\n               <figcaption>\n                                        <span class=\"author\">Brian Burbach<\/span>\n                    \n                                        <span class=\"role\">Global Process Steward of Account-to-Report<\/span>\n                                   <\/figcaption>\n\n          <\/figure>\n               <\/div>\n\n     <div class=\"billboard-block__content\">\n          <div class=\"acf-innerblocks-container\">\n\n<h2 class=\"wp-block-heading\">Solution in Action<\/h2>\n\n\n\n<p>BSC\u2019s first step was to implement Cadency (<strong><a rel=\"noopener\" href=\"https:\/\/www.trintech.com\/cadency\/certification\/\" target=\"_blank\">Reconciliation Certify<\/a>, <a rel=\"noopener\" href=\"https:\/\/www.trintech.com\/cadency\/close-management\/\" target=\"_blank\">Close<\/a> <\/strong>and<strong> <a rel=\"noopener\" href=\"https:\/\/www.trintech.com\/cadency\/journal-entry\/\" target=\"_blank\">Journal Entry<\/a><\/strong>) across their Global Business Centers in the Americas, EMEA and APAC regions. From there, BSC launched the solution across their local finance teams in the EMEA and APAC regions, as well. They then formulated a strategy for their acquired companies to be onboarded onto the solution; as entities are acquired, they utilize <strong><a href=\"https:\/\/www.trintech.com\/cadency\/certification\/\">Cadency Reconciliation Certify<\/a><\/strong> and Close as part of the organization\u2019s integration plan.<\/p>\n\n\n\n<p><strong>\u201cWe are an SAP\u00ae company, and an active acquirer of companies,\u201d <\/strong>said Brian Burbach, Global Process Steward of Account-to-Report at BSC. &#8220;<strong>We utilize Cadency on a global basis with most entities on <a href=\"https:\/\/www.trintech.com\/cadency\/close-management\/\" data-type=\"URL\" data-id=\"https:\/\/www.trintech.com\/cadency\/close-management\/\">Cadency Close<\/a> and <a href=\"https:\/\/www.trintech.com\/cadency\/certification\/\">Reconciliation Certify<\/a>, and a growing number on <a href=\"https:\/\/www.trintech.com\/cadency\/journal-entry\/\">Cadency Journal Entry.<\/a>\u201d<\/strong><\/p>\n\n\n\n<p>Currently, <strong><a href=\"https:\/\/www.trintech.com\/cadency\/certification\/\">Cadency Reconciliation Certify<\/a><\/strong> is utilized by 86 BSC entities in 53 countries, Cadency Close is used by 93 entities and <strong><a href=\"https:\/\/www.trintech.com\/cadency\/journal-entry\/\" data-type=\"URL\" data-id=\"https:\/\/www.trintech.com\/cadency\/journal-entry\/\">Cadency Journal Entry<\/a><\/strong> is used by 67 entities in 35 countries. 29,000+ accounts are housed within Cadency, with more than 4,400 of those accounts set to auto reconcile.<\/p>\n\n<\/div>\n     <\/div>\n<\/div>\n\n\n<div      class=\"billboard-block alignfull billboard-block-- includes-test\">\n     <div class=\"billboard-block__image\">\n          <img decoding=\"async\" src=\"https:\/\/www.trintech.com\/wp-content\/uploads\/2021\/06\/i-need-your-brilliant-brain-shot-of-two-scientist-2023-11-27-05-31-53-utc-scaled.jpg\" alt=\"\">\n\n                    <figure class=\"billboard-block__testimonial\">\n               <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"63\" height=\"48\" viewBox=\"0 0 63 48\" fill=\"none\">\n                    <path d=\"M24.9149 0L27.6106 9.92569C23.9137 11.2181 20.9613 12.9758 18.7534 15.1987C16.5455 17.37 15.2362 20.2908 14.8255 23.9612L13.5161 22.8756C17.4184 22.8756 20.5762 24.0905 22.9894 26.5202C25.454 28.9499 26.6863 31.9225 26.6863 35.4378C26.6863 39.2116 25.454 42.2617 22.9894 44.588C20.5762 46.8627 17.4184 48 13.5161 48C9.61387 48 6.45611 46.63 4.04286 43.8901C1.68095 41.1502 0.5 37.0921 0.5 31.7157C0.5 25.4604 1.68095 20.1357 4.04286 15.7415C6.45611 11.2956 9.51118 7.78029 13.2081 5.19548C16.9563 2.55897 20.8586 0.827141 24.9149 0ZM59.8043 0L62.5 9.92569C58.8031 11.2181 55.8507 12.9758 53.6429 15.1987C51.435 17.37 50.1257 20.2908 49.7149 23.9612L48.4056 22.8756C52.3079 22.8756 55.4656 24.0905 57.8789 26.5202C60.3435 28.9499 61.5758 31.9225 61.5758 35.4378C61.5758 39.2116 60.3435 42.2617 57.8789 44.588C55.4656 46.8627 52.3079 48 48.4056 48C44.5033 48 41.3456 46.63 38.9323 43.8901C36.5704 41.1502 35.3894 37.0921 35.3894 31.7157C35.3894 25.4604 36.5704 20.1357 38.9323 15.7415C41.3456 11.2956 44.4006 7.78029 48.0975 5.19548C51.8458 2.55897 55.748 0.827141 59.8043 0Z\"\n                         fill=\"#C4E538\" \/>\n               <\/svg>\n\n               <blockquote>\n                    <p>Cadency sets people up for success and operates as the crossroads of process, technology and increased efficiency, and allows us to optimize costs while making controls more robust and effective.\u201d <\/p>\n               <\/blockquote>\n\n               <figcaption>\n                                        <span class=\"author\">Brian Burbach<\/span>\n                    \n                                        <span class=\"role\"> Global Process Steward of Account-to-Report<\/span>\n                                   <\/figcaption>\n\n          <\/figure>\n               <\/div>\n\n     <div class=\"billboard-block__content\">\n          <div class=\"acf-innerblocks-container\">\n\n<h2 class=\"wp-block-heading\">ROI Achieved<\/h2>\n\n\n\n<p><strong>\u201cOverall, we\u2019ve seen significant indirect cost savings with Cadency by way of auto-reconciling accounts, risk-stratifying the balance sheet and enabling RPA in several instances, taking time out of our finance processes,\u201d<\/strong> said Burbach. <strong>\u201cThese result in direct cost savings and capacity increases.\u201d<\/strong><\/p>\n\n\n\n<p>Additionally, BSC has experienced increased productivity and time savings, greater visibility and standardization across their balance sheet reconciliation and previously manual JE processes. The automation features inside Cadency have increased their efficiency, as well in areas such as SOX sampling and testing. As a global organization, BSC has benefitted from improved collaboration and communication among teams across the globe, especially when the company had to rapidly shift to a completely virtual workforce.<\/p>\n\n\n\n<p>With Cadency, BSC has not only optimized their own processes and future plans but has become a partner for best practice accounting processes. Their experience with Cadency has given BSC a better sense of \u201cthe art of the possible\u201d for leading edge technology, processes and opportunities to leverage in the future.<\/p>\n\n<\/div>\n     <\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">About Boston Scientific<\/h2>\n\n\n\n<p class=\"has-text-align-center\">Boston Scientific Corporation is a global medical manufacturing company with over 36,000 employees. Boston Scientific operates across 130 countries and 141 sites, including 16 principal manufacturing centers worldwide. The business is organized into three categories: international cardiology, medical surgery and rhythm and neurobiology neuromodulation.<\/p>\n\n\n<div  class=\"background-container-block alignfull has-blue-background-color\" >\n     <div class=\"maybe-wrapper\">\n          <div class=\"inner-container no-background\">\n               <div class=\"acf-innerblocks-container\">\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\">Read the Full Case Study<\/h2>\n\n\n\n<p>Discover key insights and actionable strategies by downloading our full case study.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/go.trintech.com\/rs\/187-JVG-370\/images\/WC-NA-LE-CS-BostonScientific.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Download Case Study<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:7.5%\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\">See Trintech in Action<\/h2>\n\n\n\n<p>Seeing is believing. Discover why Trintech is the real leader in financial close automation.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.trintech.com\/book-a-demo\/\">Book a Demo<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n<\/div>\n          <\/div>\n     <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>About Boston Scientific Boston Scientific Corporation is a global medical manufacturing company with over 36,000 employees. Boston Scientific operates across 130 countries and 141 sites, including 16 principal manufacturing centers worldwide. The business is organized into three categories: international cardiology, medical surgery and rhythm and neurobiology neuromodulation.<\/p>\n","protected":false},"featured_media":33248,"template":"","topic":[69,66,67,73,74,75,76],"product":[79,229,230,228],"class_list":["post-7187","case-study","type-case-study","status-publish","has-post-thumbnail","hentry","topic-account-reconciliation","topic-controls-compliance","topic-increase-efficiency-effectiveness","topic-reduce-costs","topic-risk-management","topic-rpa","topic-standardizing-processes","product-cadency","product-close","product-journal-entry","product-reconciliation-certify"],"acf":[],"lang":"en","translations":{"en":7187},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/case-study\/7187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/case-study"}],"about":[{"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/types\/case-study"}],"version-history":[{"count":0,"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/case-study\/7187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/media\/33248"}],"wp:attachment":[{"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/media?parent=7187"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/topic?post=7187"},{"taxonomy":"product","embeddable":true,"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/product?post=7187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}