Cadency Journal Entry
Cadency Journal Entry helps you to mitigate risk with accurate, centralized journal entries. With real-time visibility, control and validation of the status of journal entries, this approach quickly translates into much stronger overall governance of your Record-to-Report (R2R) process.
Strong, Accurate and Readily Accessible Documentation of Your Enterprise’s Financial Performance
The journal entry process is a crucial part of ensuring an accurate close, accounting for all financial details and creating audit-ready documentation. For most organizations, the process lacks visibility, control and offers little in the way of risk management. Cadency Journal Entry centralizes information and automates the journal entry process while delivering audit-ready documentation and maintaining compliance with both corporate guidelines and governmental regulations.
Organizations who rely on Cadency Journal Entry are seeing up to:
Reduction in Time Preparing and Reviewing Journal Entries
Reduction in Time to Support External Auditors
Reduction in Write-Offs as Discrepancies
See Cadency Journal Entry in Action
Data Profiles for Enhanced Collaboration
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Visibility into Overdue Journals
AI Risk Rating
SAP Drill-Back
Unlock the Powerful Capabilities of Cadency Journal Entry
Cadency Journal Entry, part of the powerful Cadency platform, gives you the ability to configure viewing and editing rights to ensure security requirements are met while still enhancing collaboration. It also leverages machine learning and AI algorithms to measure the risk associated with each journal entry, for quick identification and more accurate reporting.
Templates
Establish standard templates for journal entries that outline clear policies, necessary steps, and documentation requirements to ensure consistency and compliance.
Risk Intelligent Automation
Utilize advanced automation technologies to streamline all aspects of journal entry management, from creation and validation to posting and reporting.
Risk Rating Engine (RRE)
Implement an AI-driven risk rating system to assess the risk level of journal entries based on predefined criteria, enhancing control and oversight. AI Risk Ratings ensure better audit preparation and the ability to quickly locate high risk transactions that could have resulted in fraud or misstatements.
ERP Agnostic Integration
SAP®, Oracle®, and NetSuite® Certified pre-built connectors are designed to reduce the cost, time and risk of data integration by eliminating the need to develop custom code, making the integration between your ERP and Cadency budget-friendly, faster and more efficient overall.
Currency Validation
Automate the validation of journal entries to verify accuracy and completeness before they proceed to the next stage of the workflow.
Trintech’s Artificial Intelligence Risk Rating for JE will help HP continue to improve its quality of our JEs, which in turn improves our Balance Sheet and Income Statement. Also, this feature will prevent errors from happening and allow for additional explanation on why the JE was entered to be leveraged by internal and external auditors. We are excited that this functionality will continue to improve the efficiency in our Record to Report process.
Cadency Platform
Discover a Comprehensive Solution
Cadency Journal Entry 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 Journal Entry
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