journal-entry-accounting-software

Cadency Journal Entry Accounting Software

Cadency Journal Entry helps you to avoid common issues found in manual approaches. With real-time visibility, control and validation of the status of journal entries, this approach quickly translates into much stronger overall governance of your Record to Report (R2R) process.

Strong, Accurate and Readily Accessible Documentation of Your Enterprise’s Financial Performance

The journal entry process is a crucial part of ensuring an accurate close, accounting for all financial details, and creating audit-ready documentation. For most organizations, the process lacks visibility, control and offers little in the way of risk management. Cadency Journal Entry centralizes information and automates the journal entry process while delivering audit-ready documentation and maintaining compliance with both corporate guidelines and governmental regulations.

Organizations who rely on Cadency Journal Entry are seeing up to:

0%

Reduction in Time Preparing and Reviewing Journal Entries

0%

Reduction in Time to Support External Auditors

0%

Reduction in Write-Offs as Discrepancies

See Cadency Journal Entry in Action

Data Profiles for Enhanced Collaboration

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Visibility into Overdue Journals

AI Risk Rating

SAP Drill-Back

Unlock the Powerful Capabilities of Cadency Journal Entry

Cadency Journal Entry, part of our powerful SMART Platform, focuses on automating journal entries and associated workflows with proper controls to reduce overall costs and minimize risk associated with manual entries. By acting as the bridge between required adjustments and your ERP general ledger, the solution creates a closed-loop process.

Risk Intelligent Automation

Ensure your Journals are posted into your ERP in compliance with Journal policies to enforce your control framework as well as ensure your system of record has accurate and up-to-date information.

User Assignment Flexibility

Select additional preparers to increase productivity and allow greater flexibility within journal entry assignments. Create pre-approval workflows via automated email notifications to ensure validity of data and prevent discrepancies at period end.

Risk Rating Engine (RRE)

Calculate the risk associated with any financial transaction by analyzing it against a set of pre-determined Risk Rules and historical data analysis. AI Risk Ratings ensure better audit preparation and the ability to quickly locate high risk transactions that could have resulted in fraud or misstatements.

ERP Agnostic Integration

SAP®, Oracle®, and NetSuite® Certified pre-built connectors are designed to reduce the cost, time and risk of data integration by eliminating the need to develop custom code, making the integration between your ERP and Cadency budget-friendly, faster and more efficient overall.

Currency Validation

Ensure correct formatting is applied across global currencies. In addition, foreign exchange rates can be maintained and integrated for processing and reporting.

Data Profiles

Enhance security and controls for JE preparers, collaborators and administrators by configuring rights on journals based on company code or location.

Lady sitting at desk using CadencyDirect on ServiceNow

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.

Trintech’s Artificial Intelligence Risk Rating for JE will help HP continue to improve its quality of our JEs, which in turn improves our Balance Sheet and Income Statement. Also, this feature will prevent errors from happening and allow for additional explanation on why the JE was entered to be leveraged by internal and external auditors. We are excited that this functionality will continue to improve the efficiency in our Record to Report process.

HP

Learn More About Cadency Journal Entry

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

CPO’s Corner: Accounting Journal Entry Automation Blog post

CPO’s Corner: Accounting Journal Entry Automation

Michael Ross, Chief Product Officer, Trintech As I talk with accountants, controllers, CAOs and CFOs, accounting journal entry management is …

Specsavers Increases Visibility and Control Over Reconciliation and Financial Close Processes Case Study

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 …

SAP Drill-Back Video

SAP Drill-Back

AI Risk Rating Video

AI Risk Rating

Visibility into Overdue Journals Video

Visibility into Overdue Journals

Data Profiles for Enhanced Collaboration Video

Data Profiles for Enhanced Collaboration

4 Processes That Benefit from Standardized Journal Entry Visibility and Integration Blog post

4 Processes That Benefit from Standardized Journal Entry Visibility and Integration

Journal Entries often make up a huge portion of a company’s financial close efforts, and as companies grow and scale …

Enhancing Risk Management for Manual Journal Entry with Artificial Intelligence Blog post

Enhancing Risk Management for Manual Journal Entry with Artificial Intelligence

Double entry book-keeping is claimed to have been invented in 1494 by Luca Pacioli, a Venitian monk who was friends …

How to Simplify Journal Entry Accounting and Improve General Ledger Efficiency eBook

How to Simplify Journal Entry Accounting and Improve General Ledger Efficiency

Simplify Journal Entry Accounting and General Ledger Efficiency to Streamline the Month-End Close According to recent studies, a significant pain …

Boston Scientific Corporation Supports Organizational Growth through Finance Transformation Initiative Case Study

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 …