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 to Complete the Close with Efficiency

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:

Reduction in Time Creating Management Reports

Reduction in Time Preparing and Completing Close Tasks

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.

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 the powerful Cadency platform and integrates with all the key Record to Report activities including account reconciliation and certification, journal entry management and compliance. Its task management framework allows your finance team to assign tasks based on criticality, implement controls, identify bottlenecks and communicate potential issues early and often, greatly reducing the possibility of missed deadlines and ensuring a more accurate financial statement.

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.

Dashboards

Implement intuitive and comprehensive dashboards that provide real-time visibility into the status of close tasks, with alerts, progress updates, and critical documentation readily available.

Integration

Seamlessly integrate close task management tools with existing financial systems, ERP software, and other data sources to maintain consistency and enhance data accuracy across platforms.

Action Plans

Pre-built sequences of steps or actions that are automatically delivered to specific individuals with instructions and any associated reference materials necessary to ensure completeness.

Collaboration

Facilitate enhanced collaboration options within the system, enabling team members to communicate effectively, share documents, and manage close tasks collectively and efficiently.

Workflows/ Escalation

Define automated workflows for task management and establish clear escalation protocols to ensure tasks are addressed promptly and by the appropriate level of management.

Automation

Employ advanced automation strategies to minimize manual intervention in the close process, from task initiation and monitoring to completion and review, thereby optimizing efficiency and accuracy.

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 Platform

Discover a Comprehensive Solution

Cadency Close Management is part of the Cadency platform, a leading enterprise solution for Record to Report (R2R) processes. The platform provides controls that enhance efficiency and effectiveness for the Office of Finance while reducing risk and costs. Cadency unifies all R2R activities into a seamless, ERP-agnostic platform.

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