Financial Close Software: Smart Automation for Finance & Accounting

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.

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.

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.

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.

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.

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.