Cadency Certification
Conduct faster reconciliations— while reducing costs, improving accuracy, and mitigating risk. Take control of account reconciliation and substantiation with standardization, automation and controls from Cadency Certification.
Drive Efficiency and Effectiveness in the Account Reconciliation Process
Despite the predictability of its monthly, quarterly, and annual occurrences, the financial close process is still remarkably chaotic and inherently risky for many organizations around the world. However, today more and more companies are discovering the benefits of automating their reconciliation process.
Organizations who rely on Cadency Certification are seeing up to:
Reduction in Number of Accounts to Be Reconciled
Reduction in Preparation Time on Reconciliations
Reduction in Write-Offs
See Cadency Certification in Action
Texas Roadhouse Makes the Most of Dynamic Account Maintenance
Dynamic Account Maintenance is some advanced functionality in Cadency by Trintech that involves adding criteria within the solution that allow you to make changes to when you reconcile an account based on risk. By using this functionality, Texas Roadhouse has reduced its reconciliations by 46%, saving 750-1000 hours per year.
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Dynamic Account Maintenance
Cadency Reconciliation – Certify can help mitigate repetitive work and allow more focus on value-added activities by leveraging Risk Intelligent Robotic Process Automation via Dynamic Account Maintenance. This functionality not only saves time but also creates full transparency whenever there are any changes to the dynamic routing, making control and audit easier
Multiple Preparer User Groups
Increase your close process efficiency with collaboration capabilities within Cadency Reconciliation – Certify. Users can be added to preparer and reviewer user groups assigned to the same reconciliation, while still maintaining the segregation of duties for audibility. This reduces administrative work and time and cost of the close and also optimizes resource allocation
Bulk Binder Administration
GL Reconciliation Binders allow you to quickly and consistently pull information out of Cadency to provide appropriate documentation for internal and external auditors. Bulk binder administration reduces the time needed to add accounts to binders, helping ensure confidence that each binder contains the correct accounts.
Discover How Cadency Certification Can Streamline Your Reconciliation Process
Cadency Certification, part of our powerful Cadency platform, improves the speed, quality and accuracy of your financial close by automating the entire general ledger reconciliation process while providing real time visibility into your close process.
The solution uses risk-intelligent automation to reduce risk, instill confidence and automate manual tasks as you manage all aspects of this process including tracking its preparation, review and assessment.
Automated Certification
Enable auto-certification of accounts, as well as the automation of scheduling based on your defined criteria and risk thresholds for greater efficiency. Additionally, you can automatically notify your team of high-risk reconciliations that truly require human intervention.
Exception Management
Cadency Certification ensures that the vast majority of the historically-manual data entry and processing of reconciliations is reliably automated; this greatly reduces the number of reconciling accounts and allows reconcilers to focus directly on exceptions.
Risk-Based Automation
Risk automation actively controls the reconciliation workflows and certification, while significantly reducing manual tasks; its risk tolerances are configured to your company’s unique specifications prior to implementation.
Management & User Dashboards
Cadency Certification dashboard provides up-to-date visibility into processes with all critical information regarding alerts, reconciliation progress, news, and documents.
Templates
Ensure more uniformity in your workflows with the use of standard or customizable templates to outline clear policies, necessary steps and documentation for reconciliations.
Quality Assurance
Implement action-driven quality assurance to comply with policies and enhance audit compliance.
With the touch of a button, Cadency Certification allows me to analyze the risks and opportunities present in the balance sheet.
Cadency Platform
Discover a Comprehensive Solution
Cadency Certification is part of the Cadency platform, a leading enterprise solution for Record to Report (R2R) processes. The platform provides controls that enhance efficiency and effectiveness for the Office of Finance while reducing risk and costs. Cadency unifies all R2R activities into a seamless, ERP-agnostic platform.
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Learn More About Cadency Certification
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