Cadency Governance, Risk and Compliance
Manage your organizational risks while ensuring
regulatory compliance in a holistic, consistent,
and efficient manner.
Establish a Compliant, Thoroughly Documented Period End Close
Organizations who rely on Cadency Governance, Risk & Compliance are seeing up to:
Transform Your Approach to Compliance
Companies face several challenges in managing their governance, enterprise risk management and compliance (GRC) with regulations. Financial compliance is a complicated source of monetary and reputational risk for your organization and the constantly evolving regulatory landscape necessitates continuous updates and adaptations of policies and procedures. This process can often be resource-intensive and costly with little automation.
Cadency Governance, Risk & Compliance is built to handle GRC efforts to promote a culture of accountability, transparency, and integrity, ultimately contributing to having confidence in your financial and extra financial data. Cadency GRC helps ensure your critical controls are working as designed and flags any issues as soon as they arise. Able to work across multiple subsidiaries, geographies and legal entities, it allows potential areas of risk to be thoroughly evaluated by focusing your efforts and resources on the most appropriate controls. Automated workflows ensure more accurate financial compliance thereby reducing manual effort by internal auditors.
Cadency provides us with true visibility into the status of every general ledger reconciliation and increases compliance and accountability throughout our organization.
Unlock the Powerful Capabilities of Cadency Governance, Risk and Compliance
Cadency GRC leverages configurable key controls capabilities to certify that the relevant controls are properly identified, scoped, scheduled and tested. By highlighting critical issues throughout your financial processes, you’ll be able to prioritize your compliance initiatives and automate remediation steps where failure occurs, greatly reducing risk and ensuring integrity throughout your entire close cycle and subsequent reporting.
Increased automation
Increased automation of document and execution of compliance initiatives for your organization
Enhanced accountability
Enhanced accountability
through shared controls to
ensure they are tested
efficiently and effectively
Actionable insights
Actionable insights with
flexible dashboarding for a
clearer view of compliance
phases and associated
exceptions
Strengthened auditability
Strengthened auditability by
capturing supporting materials
in an online, easy-to-navigate
eBinder
Extended governance
Extended governance of
financial close tasks related to
close, reconciliations and
journal entry efforts
Safeguard your data
Safeguard your data in the
Cloud with a secure single
tenant deployment model
Real Results. Real Impact.
Boston Scientific Corporation Supports Organizational Growth through Finance Transformation Initiative
Highlights
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Global scale, no added cost: Standardized close processes across 93 entities, 53 countries, and 29K+ accounts.
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Automation that boosts capacity: 4,400+ accounts auto-reconciled, reducing manual effort and indirect costs.
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Stronger control and visibility: Real-time KPIs and standardized workflows improved productivity and SOX compliance globally.
Overall, we’ve seen significant indirect cost savings with [Trintech] by way of auto-reconciling accounts, risk-stratifying the balance sheet and enabling RPA in several instances, taking time out of our finance processes. These result in direct cost savings and capacity increases.
Read Case StudyTrintech Helps Siemens Achieve Enterprise-Scale Reporting and Visibility
Highlights
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Reduced overall cost to deliver by 20%, while also dramatically improving the quality and reliability of the output
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Reconciled 100% of GL accounts and sub-ledgers and provided detective and preventative controls
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Improved efficiency and compliance, and standardized on a common set of processes for its Global Shared Services
Since automating our month-end intercompany close process with Trintech’s solution, Siemens has reduced the number of line items requiring manual analysis from over 15,000 to less than 200 – a reduction of 99%.
Read Case StudyLearn More About Cadency
Cadency Product Updates for Customers
Actionable Insights with Cadency
Features of the Best Software for Governance, Risk & Compliance:
- Dashboards that enable managers to monitor and track daily control initiatives.
- Workflows for implementing controls and managing remediation.
- Centralized documentation of financial and non-financial compliance activities.
- Attachments and referencing features to support control documentation and users in their endeavors.
- Surveys to assess internal and external factors affecting company performance.
- Dynamic reporting to get actionable insights in real time.
- Control evaluation cycles to assess the relevance of your controls in an ever changing regulatory environment
Use Cases for Compliance Software
- SOX: Ensure financial reporting accuracy to comply with Sarbanes-Oxley Act regulations
- ESG: Report environmental, social, and governance metrics for sustainability reporting
- COSO: Framework for enterprise risk management (ERM) and internal control
- Internal Controls: Implement procedures to safeguard company assets and ensure accurate financial records
- Anti-corruption: Implement and monitor policies to prevent corruption and fraud
- Anti-bribery: Enforce procedures to detect and prevent bribery and improper payments
- GDPR: Ensure data protection measures comply with General Data Protection Regulation requirements
- IFRS: Track tasks that support preparation of financial statements according to International Standards
Cadency Platform
Discover a Comprehensive Solution
Cadency Governance, Risk & Compliance is part of Trintech’s comprehensive financial close platform, the only Financial Corporate Performance Management solution that enables integration of all your Record to Report activities into a single seamless process.
Learn More
Learn More About Cadency Governance, Risk and Compliance
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