How to Improve Manufacturing’s Financial Close Processes with Cadency by Trintech®
The manufacturing industry has always been future-oriented when it comes to new technologies. However, the Office of Finance is often not perceived as a department that requires consistent technological advancement. Budgeting preferences are often given to other units of the organization, but adopting advanced technologies such as Artificial Intelligence and…
Leveraging Advanced Technology to Succeed In A Complex Financial Environment
The complexity of global operations and multiple ERP vendors, instances, and versions creates challenges for getting a clear financial health picture. Dedicated finance teams often struggle with the level of manual effort required to maintain the accuracy and visibility of financial data across the organization. As a result, some organizations…
LKQ Corporation | The Evolution to a World-Class Finance & Accounting Organization
With a mission to be the leading global value-added distributor of vehicle parts and accessories, LKQ Corporation is a world-class example of a company that has implemented a continuous innovation strategy and deployed Trintech’s ReconNET™ and Cadency® solutions to transform their finance & accounting organization. LKQ Corporation leveraged technology to…
5 Insights From The Hackett Group On the Long Term Impacts of COVID-19
In April 2020, The Hackett Group conducted a survey of about 100 companies, to get fresh information about the impact of COVID-19 on organizations, their offices of finance and Record to Report processes. Trintech recently performed a joint webinar with The Hackett Group evaluating the results of this survey. This…
Cadency Open Item Controls for ReconNET
Organizations can now have more control in their auto-reconciliations with Cadency’s new Open Reconciling Items Control feature. With this capability, accounts with any open items can be configured to not auto reconcile, providing additional risk controls based on an organization’s compliance policies. It leverages RIRPA to ensure that accounts are…
Increase Close Process Efficiency with Multiple Preparer User Groups in Cadency
Increase your close process efficiency with collaboration capabilities within Cadency Reconciliation - Certify. Users can be added to preparer and reviewer user groups assigned to the same reconciliation, while still maintaining the segregation of duties for audibility. This reduces administrative work and time and cost of the close and also…
Bulk Binder Administration in Cadency Reconciliation
GL Reconciliation Binders allow you to quickly and consistently pull information out of Cadency to provide appropriate documentation for internal and external auditors. Bulk binder administration reduces the time needed to add accounts to binders, helping ensure confidence that each binder contains the correct accounts.
Mitigate Repetitive Work with Cadency’s Dynamic Account Maintenance
The Record to Report process is complex, much like the rules for automating reconciliation jobs and steps. Cadency Reconciliation - Certify can help mitigate repetitive work and allow more focus on value-added activities by leveraging Risk Intelligent Robotic Process Automation via Dynamic Account Maintenance. This functionality not only saves time…
R2R Benchmark Report: Challenges Reported by Industry
To begin understanding where the office of finance stood with their Record to Report (R2R) process, we asked almost 200 enterprise companies across 31 countries: Where do you see the biggest challenge during the month-end process? This infographic details respondents’ answers broken down by their industry verticals.
SAP Open Item Clearing
Our Open Item Clearing capability allows users to clear general ledger transactions inside SAP directly from Cadency, leveraging our ERP bots. This helps optimize the reconciliation process, streamlines the workflow and reduces manual work, driving deep overall efficiencies.