Financial Close Platform for Large Enterprises
Cadency by Trintech enhances visibility for global leadership, ensures policy adherence, manages risk, and enables a controlled transformation of accounting operations while minimizing change management risks.
Innovative Financial Close Platform with Proven ROI
Cadency provides extensive capabilities that enable finance and accounting teams to effectively collaborate and enable appropriate approvals to ensure data accuracy while providing full audit trails. Not only do teams get increased visibility and transparency, but they are also able to work more efficiently, no matter the location.
Like every change, coming out of your comfort zone can be challenging, but after the first experience with Trintech, it became easier and clearer that we can achieve a lot more.
Cadency Platform
Explore the processes below to learn how Cadency allows you to automate and control multiple processes through one comprehensive platform.
Take Control of Your Error-Prone and Complex Reconciliation Process
As data is transferred from your system of record into Cadency, the solution streamlines the entire reconciliation process and drives accuracy, predictability and reliability of financial statements. In turn, accountants can remediate any errors promptly as they receive notifications of items that require their attention along with any applicable risk factors.
Reduce the Time and Risk Associated with Your Matching Process
As data from ERPs and other sources is added, Cadency works to standardize and enrich even the messiest of data. This process immediately results in strong auto-matching rates with superior exception management capabilities. As exceptions are automatically created for unmatched items, your team can rely on well-defined, configurable and risk-intelligent processes for notification and issue resolution.
Take Control of the Time and Energy Required to Complete the Period-End Close
Approach each period-end with greater confidence and more visibility into any bottlenecks. Cadency allows you to orchestrate and manage all system and close activities with a reliable, repeatable, and highly-visible workflow to quickly identify bottlenecks and create actions for issue resolution.
With a dashboard-driven management framework, the finance team can maintain a constant communication flow, greatly reducing missed deadlines and ensuring the accuracy of financial statements.
Reduce Risk and Drive Efficiency by Automating Your Journal Entry Process
Increase your audit readiness by facilitating accurate journal entry postings with clear routing, key controls and documentation throughout to support their validity. Cadency enables a fully configurable end-to-end workflow to bypass common issues found in manual approaches to deliver real-time visibility, control and validation of the status of all journal entries.
With seamless two-way communication between Cadency and any third-party system, you can strengthen governance and remove the ambiguity that lengthens the close process.
Reduce the Time and Risk Associated with Testing Controls and Supporting Audits
Cadency helps to establish a compliant, thoroughly documented period-end close by automating financial compliance throughout the R2R process while capturing all supporting material in an online, audit-ready eBinder. By implementing your financial governance model throughout the entire close process and utilizing critical controls, issues can be flagged as soon as they arise, and auditors have secure access to a centralized record of compliance initiatives.
Create a Reliable, Predictable and Efficient Intercompany Accounting Process
Cadency can help you overcome the complex challenges of intercompany accounting by facilitating a streamlined workflow for comparing and reconciling transactions between entities as part of your larger financial close process. With enhanced controls you can drastically reduce the number of accounts and transactions that require human attention and decrease the time needed to close.
Real Results. Real Impact.
H&R Block Effectively Reconciles Over a Million Transactions Monthly
Highlights
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Improved efficiency and visibility: Users say the Trintech platform is “just what the doctor ordered” as volume and usage continue to grow
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Faster reconciliation & improved reporting: Thanks to direct journal entry routing between Trintech & Workday
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Easy management of SOX tasks: Internal and external auditors have direct access to the solution
We regularly have 200,000+ transactions every month, but during our busy season we’ll ramp up to over a million credit card transactions a month. Leveraging automation has been a huge help in managing this volume.
Read Case StudyLKQ Reduces Days to Close While Executing Over 100 Acquisitions with Trintech
Highlights
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High Automation Rate: Achieved 90% auto-reconciliation of intercompany transactions, enabling quick identification and resolution of issues
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Scalable Growth: Executed over 100 acquisitions without increasing headcount
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Standardized Processes: Unified financial close tasks across all entities, replacing 25 separate Excel spreadsheet with a centralized system
With Trintech, we’re able to not only see what we’re doing, but also what bottlenecks are preventing items from moving forward. Overall, our end users can now spend more time analyzing the data instead of manually managing it.
Read Case StudyBoston 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 in several instances, taking time out of our finance processes. These result in direct cost savings and capacity increases.
Read Case StudyCustomer Testimonials
Cadency Product Updates for Customers
Actionable Insights with Cadency
Sysco Partners with Trintech on Global Finance Transformation
Customer Input Drives Advancements in Cadency Platform
Cadency Integrations
ERP Connectors, Targeted APIs, and Data-as-a-Service enable data to move across a range of systems with Cadency at the center.
The pre-built Cadency SAP®-Certified Connector allows your team to integrate and use your financial data in Cadency. With these capabilities, you can easily automate your financial close process. Even if you have multiple ERP instances, you’ll now have real-time visibility into your financial close within a single console.
Trintech has created an unparalleled pre-built Cadency Connector for Oracle ERPs. Now, you will be able to seamlessly integrate and use your financial data in Cadency where you can easily automate a financial close process that would otherwise require a lot of human intervention.
Too often, while compensating for the gap in the ERP’s capabilities, a large amount of data and tasks are taken outside of the system and managed manually. Maximize your NetSuite investment with Trintech’s pre-built NetSuite Connector for Cadency.
