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Transformative Control for the Power & Utilities Industry’s Office of Finance

Revolutionize your Record to Report process with the only System of Controls that combines all financial close activities into a single seamless platform.

Effectively Manage the Entire Record to Report Process While Providing Valuable Insight to the Business.

To better serve customers, organizations within the power and utilities sector need to invest in digital transformation initiatives for their Office of Finance. Financial automation helps organizations with shortening the time to close, reducing close costs, increasing control and visibility and providing advanced analytics. Spreadsheets alone don’t provide the level of efficiency, effectiveness and insight that is needed in the financial reporting to allow companies to focus on customer-centric initiatives.

Digital transformation for finance and accounting will help strengthen power and utilities companies to take advantage of the opportunities COVID-19 has presented. Organizations that optimize their financial processes with Cadency by Trintech experience:

  • Significant time savings in the Record to Report processes
  • Decreased costs due to misstatements, write-offs and cash shortages
  • Improved visibility and controls in the form of management reports, controls testing, internal audits and more

Resources for the Power & Utilities Industry

Blog

Cybersecurity Is A Top Concern for Power and Utilities

The power and utilities industry has seen the effects of many trends caused by COVID-19. For example, residential electricity consumption…

A true audit trail with reports increased the transparency of our financial operations. Having a traceable history of
all activities makes it easier to comply with Sarbanes Oxley. With Trintech’s solutions, it’s a no-brainer.

— Marsh Fifer, Account Assistant, Alabama Power

 

eBook

How Financial Transformation Prepares Power and Utilities For Growth

Power and utilities organizations are in a unique position for growth— both organically and through M&A. Though COVID-19 caught the world off guard, some industries...

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Cadency Reconciliation Match

Reconciling transactions is one of the most time-consuming and manual parts of the financial close.

Reduce the time and risk associated with your transaction matching process. With Cadency Reconciliation Match your office of finance can quickly perform high-volume transaction matching and rapidly enhance the accuracy and regulatory compliance of all resulting financial statements.

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Integrated High-Volume Matching

Cadency Match's exception management capabilities apply multiple match rules to quickly reduce the time required to match transactions daily, allowing for exceptions to be handled in a timely manner instead of leaving it all to period end.

Schedule A Demo Now

Want to learn more? Schedule a demo today to see why some of the world’s leading power and utilities companies trust Cadency.