Accounting Close Software

With its dashboard-driven management framework supporting all aspects of your period end, Cadency Close will allow your finance team to identify bottlenecks and communicate potential issues early and often, greatly reducing the possibility of missed deadlines and ensuring the accuracy and completeness of your financial statements.

Take Control and Have Audit-Ready Visibility into the Entire Financial Close Process

Improve the management of your financial close process by moving away from manual spreadsheets, eliminating time-consuming meetings, gaining visibility into potential bottlenecks and improving documentation practices through automation.

Organizations who rely on Cadency Close are seeing up to:

0%

Reduction in Time Creating Management Reports

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Reduction in Time Preparing and Completing Close Tasks

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Reduction in Time to Support External Auditors

See Cadency Close in Action

Close Task API

As your organization’s close continues to get more and more complex, it’s a great opportunity to seek out avenues for automation. By using Cadency’s Close Task API and automation such as Trintech’s ERP Bots, organizations can cut down on hours of manual labor, while simultaneously reducing the risk inherent to a manual, burdensome process.

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Automation with API and ERP Bots

When Close APR is paired with ERP Bots, a depreciation run becomes a totally hands-off process while still getting the benefit of the tracking and controls native to Cadency. This video walks through a Depreciation run with two outcomes – results returned are within the variance threshold, and results returned are outside of the variance threshold – and the expected accompanying workflows.

Unlock the Powerful Capabilities of Cadency Close Management

Cadency Close is part of our powerful SMART Platform and integrates with all the key Record to Report activities including account reconciliation and certification, journal entry management and compliance, quickly preventing “white space” breakdowns.

By using Cadency Close to automate and document your period end, you’ll be able to take command of and have audit-ready visibility into the entire financial close process.

Streamlined Task Dependencies

Cadency Close provides delivery of appropriate supporting documentation, automated workflows, and the elimination of rework which all contribute to a reduction in the time required to research and complete a Close Task.

Close Task APIs

The API connector simplifies how users track and manage documentation, making the Financial Close processes more effective, enhancing support for audit activities and preventing inaccuracies. Automated workflows for tasks and the push API within Cadency Close allow for communication with an organization’s ERP.

Clear Task Assignment

Reduce risk by allowing admins to assign individual tasks based on project criticality, including implementing controls to prevent users from assigning multiple steps of the workflow to the same user and the ability to override when appropriate with audit trail.

Efficient Task Management

Users can bulk edit, upload and export information from the Close API Task details section and maintain these fields in a matter of moments, thereby saving time and effort that can be spent on high value add tasks.

Improved Visibility & Insight

Close tasks, dependencies and audit trails are stored in an eBinder, and the information can be viewed remotely by internal and external auditors via a web browser.

Male and female coworkers conducting general ledger reconciliation

CadencyDirect on ServiceNow®

Powered by Cadency, Trintech’s native built application for the ServiceNow Platform, CadencyDirect, offers the only application on the Now Platform that is designed specifically for the unique needs of the Office of the CFO. CadencyDirect allows ServiceNow customers to leverage all the benefits of the Cadency while enabling greater connection across the business through native workflows and triggers.

We use Cadency to get full visibility into where we are at in the financial close process, not just during the 7-day close cycle but throughout the month. We have tasks that are scheduled weekly, monthly, quarterly, semi-annually, and annually – it is a fully integrated process for us, and we use it globally.

LKQ Corporation

Learn More About Cadency Close Management

Interested in learning more about what Cadency can do for you? Check out some of our most recent content pieces.

Unlocking the Future of Risk Identification in the Financial Close with AI-Powered Transaction Matching Page

Unlocking the Future of Risk Identification in the Financial Close with AI-Powered Transaction Matching

AI-Powered Transaction Matching for a risk-adverse Financial Close Date: Wednesday, March 27th Time:1PM GMT | 2PM CET In today’s rapidly evolving financial landscape, staying ahead of risks is paramount. Trintech is at the forefront of this evolution, harnessing the power of AI and transaction-matching technology to redefine risk identification. Bringing accuracy and efficiency, our solutions empower organisations to navigate complex financial environments confidently. Join our webinar on March 27th where we will: This webinar is tailored for finance and accounting professionals, risk managers, controllers, and CFOs looking to stay ahead of the curve in risk identification and financial close management. If you can’t make the webinar, register and we’ll send you the …

Specsavers Increases Visibility and Control Over Reconciliation and Financial Close Processes Page

Specsavers Increases Visibility and Control Over Reconciliation and Financial Close Processes

The Business Drivers to Automate Specsavers is a leading optical and audiology retailer with over 2,500 healthcare businesses across 11 countries, caring for over 40 million patients and customers. At the time they began looking at financial close automation solutions, Specsavers had been struggling with a highly manual spreadsheet-dependent process for its reconciliation and financial close processes. With multiple systems, different ways of working across the teams, and disparate processes among business units, the team was spending too much time and energy trying to ensure the accuracy of the numbers they were reporting. “We have a multi-site finance function where each location was conducting their own processes and there was …

Boston Scientific Corporation Supports Organizational Growth through Finance Transformation Initiative Page

Boston Scientific Corporation Supports Organizational Growth through Finance Transformation Initiative

About Boston Scientific Boston Scientific Corporation is a global medical manufacturing company with over 36,000 employees. Boston Scientific operates across 130 countries and 141 sites, including 16 principal manufacturing centers worldwide. The business is organized into three categories: international cardiology, medical surgery and rhythm and neurobiology neuromodulation.