Financial Close Platform for Large Enterprises
Cadency by Trintech enhances visibility for global leadership, ensures policy adherence, manages risk, and enables a controlled transformation of accounting operations while minimizing change management risks.
Innovative Financial Close Platform with Proven ROI
Cadency provides extensive capabilities that enable finance and accounting teams to effectively collaborate and enable appropriate approvals to ensure data accuracy while providing full audit trails. Not only do teams get increased visibility and transparency, but they are also able to work more efficiently, no matter the location.
With Cadency’s comprehensive platform, you could achieve:
Reduction in Number of Accounts to be Reconciled
Reduction in Time Spent on Transaction Matching
Reduction in Time Preparing and Reviewing Journal Entries
Cadency Platform
Explore the processes below to learn how Cadency allows you to automate and control multiple processes through one comprehensive platform.
Balance Sheet Reconciliations
Take Control of Your Error-Prone and Complex Reconciliation Process
As data is transferred from your system of record into Cadency, the solution streamlines the entire reconciliation process and drives accuracy, predictability and reliability of financial statements. In turn, accountants can remediate any errors promptly as they receive notifications of items that require their attention along with any applicable risk factors.
Transaction Matching
Reduce the Time and Risk Associated with Your Matching Process
As data from ERPs and other sources is added, Cadency works to standardize and enrich even the messiest of data. This process immediately results in strong auto-matching rates with superior exception management capabilities. As exceptions are automatically created for unmatched items, your team can rely on well-defined, configurable and risk-intelligent processes for notification and issue resolution.
Close Management
Take Control of the Time and Energy Required to Complete the Period-End Close
Approach each period-end with greater confidence and more visibility into any bottlenecks. Cadency allows you to orchestrate and manage all system and close activities with a reliable, repeatable, and highly-visible workflow to quickly identify bottlenecks and create actions for issue resolution.
With a dashboard-driven management framework, the finance team can maintain a constant communication flow, greatly reducing missed deadlines and ensuring the accuracy of financial statements.
Journal Entry
Reduce Risk and Drive Efficiency by Automating Your Journal Entry Process
Increase your audit readiness by facilitating accurate journal entry postings with clear routing, key controls and documentation throughout to support their validity. Cadency enables a fully configurable end-to-end workflow to bypass common issues found in manual approaches to deliver real-time visibility, control and validation of the status of all journal entries.
With seamless two-way communication between Cadency and any third-party system, you can strengthen governance and remove the ambiguity that lengthens the close process.
Governance Risk and Compliance
Reduce the Time and Risk Associated with Testing Controls and Supporting Audits
Cadency helps to establish a compliant, thoroughly documented period-end close by automating financial compliance throughout the R2R process while capturing all supporting material in an online, audit-ready eBinder. By implementing your financial governance model throughout the entire close process and utilizing critical controls, issues can be flagged as soon as they arise, and auditors have secure access to a centralized record of compliance initiatives.
Intercompany Accounting
Create a Reliable, Predictable and Efficient Intercompany Accounting Process
Cadency can help you overcome the complex challenges of intercompany accounting by facilitating a streamlined workflow for comparing and reconciling transactions between entities as part of your larger financial close process. With enhanced controls you can drastically reduce the number of accounts and transactions that require human attention and decrease the time needed to close.
Discover the Cadency Platform
Cadency by Trintech is the leading enterprise solution for Record-to-Report (R2R) processes. It provides controls that enhances efficiency and effectiveness for the Office of Finance while reducing risk and costs. Cadency unifies all R2R activities into a seamless, ERP-agnostic platform.
Our platform offers unique, powerful solutions to some of the most complex accounting challenges and readily scales as the financial transformation journey evolves and businesses grow.
Cadency Integrations
ERP Connectors, Targeted APIs, and Data-as-a-Service enable data to move across a range of systems with Cadency at the center.
The pre-built Cadency SAP®-Certified Connector allows your team to integrate and use your financial data in Cadency. With these capabilities, you can easily automate your financial close process. Even if you have multiple ERP instances, you’ll now have real-time visibility into your financial close within a single console.
Trintech has created an unparalleled pre-built Cadency Connector for Oracle ERPs. Now, you will be able to seamlessly integrate and use your financial data in Cadency where you can easily automate a financial close process that would otherwise require a lot of human intervention.
Integrating the Workiva platform with Cadency will optimize reporting efficiency and improve collaboration and reporting workflows while gaining more robust controls and confidence around the reporting process.
Too often, while compensating for the gap in the ERP’s capabilities, a large amount of data and tasks are taken outside of the system and managed manually. Maximize your NetSuite investment with Trintech’s pre-built NetSuite Connector for Cadency.
Thousands of Large Enterprises Trust Trintech to Deliver
Leading enterprises trust Trintech to transform their Record-to-Report process – saving time, strengthening controls and ultimately creating more reliable financial statements each period end. Read the success stories below to learn how our customers reached their business objectives.
With Cadency, Serco Increased Efficiency and Reduced Risk
Read Case StudyBy using Cadency, Serco was able to:
- Improve reporting accuracy and reduce risk
- Achieve greater compliance with reduced cost
- Complete 5,000 balance sheet reconciliations per month
By automating our controls, it enables us to prevent errors, gives us confidence over our reporting and that our processes are operating as efficiently as possible.”
Supporting Organizational Growth Through Finance Transformation
Read Case StudyBoston Scientific has experienced:
- Increased productivity and time savings
- Standardization across their reconciliations
- Greater visibility
The partnership with Trintech really has been important in helping us figure out how to adjust our processes and approaches to better work in this virtual environment.”
How LKQ Corporation Reduced Its Days to Close
Read Case StudySince implementing, LKQ Corporation has:
- Reduced the days to close by 2 business days
- Grew revenues by 3,711%
- Kept headcount at Shared Services Center flat
We’re able to see what bottlenecks are preventing items from moving forward. Our end users can now spend more time analyzing the data instead of manually managing it.”
ABB Deploys Cadency by Trintech for More Efficient Financial Processes
Read Case StudyWith Cadency, ABB has:
- Enhanced efficiency through targeted automation
- Fewer reconciliations through risk-based account focus
- Greater compliance with reduced cost
The success of the project came from being able to design new processes and policies, and then work jointly with Capgemini and Trintech to deploy and manage the new approach.”
Learn More About Our Solution
Interested in learning more about what Cadency can do for you? Check out some of our most recent content pieces.
