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

0%

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.

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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

Cadency SMART Platform

Discover a Comprehensive Solution

Cadency Close Management is part of Trintech’s comprehensive Smart Platform, the only Financial Corporate Performance Management solution that enables integration of all your Record to Report activities into a single seamless process.

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Reconciliation Match Icon Match Reconciliation Certify Icon Certification Journal Entry Icon Journal Entry Cmpliance Icon Compliance Intercompany Icon Intercompany

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.

APAC Webinar: Month-End Mayhem: Taming the Month-End Close for Retail Page

APAC Webinar: Month-End Mayhem: Taming the Month-End Close for Retail

When: Wednesday, August 28 – 12:00 pm SGT, 2:00 pm AEST, 4:00 pm NZT For Whom: All Finance & Accounting team members Can’t attend live? Register anyway, and we’ll send you the webinar recording afterwards Join Trintech and Satori FP&A for an exclusive joint webinar and discover expert strategies and solutions for your month-end close. Are you grappling with lengthy financial close processes, high audit risks, and manual workflows in the retail industry? In retail, 62% of CFOs report their month-end closing processes are mainly manual, causing inefficiencies and errors​. Additionally, 88% of finance & accounting professionals face stress and data inaccuracies due to the pressure to close quickly​. Retailers, especially …
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 organizations 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 …
BAE Systems Automates Balance Sheet Reconciliations for Increased Control and Visibility Page

BAE Systems Automates Balance Sheet Reconciliations for Increased Control and Visibility

The Business Drivers to Automate BAE Systems was struggling with a highly manual, spreadsheet-dependent process for its reconciliations and was looking to gain greater standardization and control across this process. With multiple ERP systems including SAP, Oracle, Sage, etc., different ways of working across the teams, and disparate processes among business units, there was a lack of visibility and confidence in the accuracy of the numbers they were reporting.
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 …
Automation with API and ERP Bots Page

Automation with API and ERP Bots
Close Task API Page

Close Task API
How to Implement Best Practices Within Your Month-End Close Page

How to Implement Best Practices Within Your Month-End Close

If you’re uncertain about the integrity of your financial data, you’re not alone. In a survey of global financial leaders, 40% admitted they didn’t trust the accuracy of their financial data. In that same survey, 69% of respondents said they relied on spreadsheets to plaster over gaps in their reporting process — gaps that were most likely created from the usage of spreadsheets in the first place. By implementing 5 key best practices for your month-end close you can significantly close the gap spreadsheets create and increase confidence in financial data. During this webinar, we will share how these best practices can be applied with the Cadency Close platform to …
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.
The Business Case for an Automated Financial Close Page

The Business Case for an Automated Financial Close

Delivering ROI – A Financial Close White Paper Across the entire Record to Report cycle, companies face the highly labor-intensive and risky task of completing a close cycle in an effective, efficient and ultimately error-free manner. Research consisting of in-depth interviews with Cadency Close users found that Cadency is a proven automated close solution that addresses the following common customer challenges across all types and sizes of global companies to deliver a quick and compelling Return on Investment: Improve Operational Inefficiencies Efficiently and effectively close your books Increase Visibility Identify and correct any potential balance sheet errors before the close. Lower Financial Statement Risk Manage profit and loss risk as …
Cadency Close Action Plan Router Product Brochure Page

Cadency Close Action Plan Router Product Brochure

Cadency Close Action Plan Router takes the stress out of the financial close process Today, as the finance function increasingly leverages technology to transform its ability to be both effective and efficient, finance teams are still spending a significant amount of time managing, often manually, numerous tasks critical to the Record to Report process in disparate systems. Quickly, this manual intervention creates multiple fail points and potentially damaging risk in the financial close process. All too often, tasks are closed without being completed or being overlooked altogether. Download this brochure to learn how Cadency’s Close Action Plan Router prevents the inaccuracies in your financial close that are all-too-often caused by …
Cadency Close Product Brochure Page

Cadency Close Product Brochure

Significantly diminish the severity of the peaks and valleys in your team’s workload while still safeguarding control, visibility and audit-ready reports with an Automated Close Management Solution As you prepare to complete your period end, do you feel like you’re reliving a bad dream instead of making progress toward a better future — maybe even one that includes a little more sleep? If so, it’s time to vastly 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 the automation of your close management process By using Cadency Close to automate and document …