CadencyDirect

Financial Close Automation Designed for Enterprise Digital Workflow Transformation

Leading enterprises understand the need for digital transformation across all areas of the business in order to drive greater efficiencies. CadencyDirect, powered by Trintech’s award-winning financial automation solution Cadency®, is available to ServiceNow’s global enterprise customers. Cadency currently supports the majority of the Fortune 100 and is the only System of Accounting Intelligence that combines all financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management and compliance with access to disclosure management and AI solutions.

 

Now is the Time to Start Your Transformation

CadencyDirect is designed to leverage the Now Platform and is the only Financial Close Automation (FCA) application for digital workflows. ServiceNow customers will get all the advantages of the financial transformation and automation Cadency brings to the close process and more.

ERP Agnostic Integration and Acceleration

Enterprise organizations typically have highly complex and multivendor / multi-instance deployments around the globe requiring applications that are not dependent on single vendors or impose ERP requirements for their utilization on IT or Finance organizations now and in the future

Complete R2R Solution

Enterprise organizations require the most comprehensive and future built solutions to address their complex and extensive needs regardless of location, function, and evolution. Cadency is the only System of Accounting Intelligence that combines all financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management and compliance.

Risk-Based Financial Close Automation

Risk-based automation capabilities are built into Cadency, which can be configured according to risk tolerance levels of individual organizations, providing automation capabilities along with flexibility, all while reducing risk in the process.

Elimination of Manual Tasks

The expectation of finance professionals to be more strategic in their roles and help drive business decision-making with data. This requires them to focus less on day-to-day manual tasks and rely heavily on technology to drive greater efficiencies throughout the R2R process.

3rd-Party App Integration

The office of finance has increasing requirements for an ecosystem of applications to introduce departmental efficiencies, this results in the need for a Financial Close application to integrate seamlessly with 3rd party applications, and act as a central place to provide proper controls, reducing overall risk in the Close process.

Support Geographically Dispersed Operations

The Office of Finance deals with various sets of books spread over different geographies encompassing various accounting and tax laws, along with the impact of FX rates and economic situations. They need a system that can work with multiple geographies, bring all the financials together from various sources (or systems), and work with one true global system of record to drive organize-wide financial close.

High-Volume Transaction Matching

Large organizations deal with big data sets when it comes to their General Ledger, especially at the transaction level. This requires all transactions to be matched properly regularly, and this becomes more important in peak season/cycle. Cadency can not only match transactions with multiple sources but can also handle high-volume easily to gain desired efficiencies, especially without compromising compliance controls.

Artificial Intelligence (AI) Capabilities

With the introduction of AI, many organizations are either already investing or exploring AI to drive broader efficiencies and augment human actions to improve the overall process. AI can also be leveraged to identify and quantify often hidden risks in the process and give complete peace of mind to the CFOs. Office of Finance needs AI technology to drive preventative controls to reduce overall risk in their Close process while driving efficiencies, and detective controls to ensure no risky transaction falls through the cracks and goes unnoticed.

Native Intercompany Functionality

Multiple capabilities to improve intercompany operations without the need to purchase additional products.

Advanced Security (Data Integrity, Security and Compliance)

Trintech delivers financial close and accounting intelligence SaaS-based solutions on both public and private cloud platforms. Private cloud solutions are very effective in balancing the cost, compliance, and privacy needs required by many corporations. Trintech is recognized industry-wide for its robust hyper-converged server architecture and an edge network that spans the globe. This allows Trintech to service the needs of a global customer base with flexibility, performance, availability and data integrity. Whether it be a “Customer Specific Encryption Key” that allows you to define your own rotation schedule or the custom scheduling of software updates to timelines compatible with your ERP maintenance and finance close lockout dates, Trintech understands the needs of the Office of Finance for global businesses in most every industry.

Attestations include: SOC 1 (Type II), SOC 2 (Type II), SOC 3, HIPAA Security Rule Compliance Assessment, EU:US Privacy Shield, Swiss: US Privacy Shield, CSA Security Trust Assurance and Risk (STAR)

Key memberships include: Cloud Security Alliance (CSA), Financial Services – Information Sharing and Analysis Center (FS-ISAC), Shared Assessments Program

Executive Dashboards with Drilldown Reporting in ServiceNow

Provides the CFO and CAO a summary of their readiness to close and identifies any risk requiring remediation.

Unique Integration/Interoperability with ServiceNow Platform

Integrating with the ServiceNow GRC workflow will extend the digital and GRC monitoring and transformation scope to include financial controls and financial employee workflows.

ServiceNow Workflow Integration

Workflow and controls for the Finance employees will be executed natively on the Now platform extending the Now Digital Transformation.

 

Discover CadencyDirect

A Record to Report (R2R) platform that powers your transformation roadmap by replacing manual and siloed financial processes with digital R2R workflows that streamline and drive operational efficiencies.

Download Product Sheet

“For finance organizations, CadencyDirect complements and extends financial operations management so that CFOs and their teams can digitize workflows across the financial close process – reducing complexity and risk, accelerating the overall process and driving a greater experience for finance teams”

Karel van der Poel
Senior Vice President, Product Incubation at ServiceNow

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Live Discussion: How the Trintech and ServiceNow Partnership Will Transform How You Do Business

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Breakthrough Processes. Proven ROI.

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reduction in time to report
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reduction in number of accounts to be reconciled
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reduction in reconciliation preparation time for preparers

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