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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

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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.

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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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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

Cadency SMART Platform

Discover a Comprehensive Solution

Cadency Journal Entry 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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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.

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 …
CPO’s Corner: Accounting Journal Entry Automation Page

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 a regular topic of discussion. What I hear is usually around three main pain points: What Is a Journal Entry in Accounting? Let me unpack those areas above a little bit, but before we do that – let’s revisit the background behind the accounting journal entry. Per “AccountingTools.com,” an accounting journal entry is the method used to enter an accounting transaction into the accounting records of a business. The accounting records are aggregated into the general ledger, or the journal entries may be recorded in a variety of sub-ledgers that …
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 …
SAP Drill-Back Page

SAP Drill-Back
AI Risk Rating Page

AI Risk Rating
Visibility into Overdue Journals Page

Visibility into Overdue Journals
Data Profiles for Enhanced Collaboration Page

Data Profiles for Enhanced Collaboration
4 Processes That Benefit from Standardized Journal Entry Visibility and Integration Page

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 – both from a revenue and a global perspective – they can become increasingly complex and risk-prone. Difficult to track, difficult to maintain and difficult to manage, the journal entry process can be a major headache for the Office of Finance. It doesn’t have to be, though, and more and more organizations are looking for solutions to not only standardize the journal entry process but automate it intelligently. CadencyDirect by Trintech is helping enterprises across the globe add controls into a complicated process and increase efficiency and effectiveness while reducing …
Enhancing Risk Management for Manual Journal Entry with Artificial Intelligence Page

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 with Leonardi da Vinci. In his 1494 publication, he wrote, “quanto alor debito e anche credito” or “whenever there is a debit entry there is also a credit entry.” This 1494 publication remains the basis of modern-day accounting: a company’s credits must balance its debits. For 500 years we have been trying to master the journal entry process. While today the majority of transactions are automated, the manual journal entry has become the necessary evil that needs to be managed and controlled. Large enterprises are in a continual state of …
How to Simplify Journal Entry Accounting and Improve General Ledger Efficiency Page

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 point for finance and accounting teams in the month end close is journal entry accounting. This is especially true of a manual journal entry process, where creating journal entries, the review and approval process, ensuring the completeness of the trial balance — and everything in between — consumes a significant amount of time and effort for the Office of Finance. An overly complex journal entry accounting process not only reduces already-limited time to complete the month end close, but can also jeopardize general ledger efficiency and accuracy. How can finance …
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.