ServiceNow customers can achieve significant ROI potential including: Up to a 40% reduction in internal audit effort, up to a 20% reduction in time testing controls, and up to a 14% reduction in misstatement risk with CadencyDirect
DALLAS, TX – October 5th, 2021 — Trintech, a leading global provider of integrated financial close automation software solutions for the Office of Finance, today announced the latest release of CadencyDirect which now integrates into ServiceNow’s GRC solution to help customers strengthen their compliance frameworks and drive better risk-informed decisions across the enterprise.
“At ServiceNow our aim is to make work, work better for people,” said Vasant Balasubramanian, vice president and GM of the Risk BU at ServiceNow. “Through this integration of CadencyDirect into ServiceNow’s GRC solution, we are helping to make work flow more seamlessly for CFOs and their financial teams by helping them achieve enhanced visibility and control of critical financial data in order to handle risk with confidence.”
A key capability delivered with this release includes the ability for critical financial close tasks and issues to trigger notifications and workflows throughout the enterprise within the Now Platform. With this capability, along with the integration to GRC, Trintech and ServiceNow are enabling digital transformation that reduces the risk to the global enterprise market.
“We are seeing a stronger collaboration across the C-Suite, particularly between the CIO, CFO and CAO, as digital transformation becomes more imperative for organizations,” said Robert Michlewicz, Chief Strategy Officer of Trintech. “While digital transformation introduces extensive opportunities for organizations, it also introduces new digital risk that must be managed with stronger and integrated GRC capabilities. With the latest release of CadencyDirect, key stakeholders across the business will now have the visibility and transparency into historically siloed disciplines to create a more connected organization that opens the door to enterprise-wide digital transformation.”
CadencyDirect is certified as part of the ServiceNow Built on Now™ program that complements and extends financial operations management so that CFOs and their teams can digitize workflows across the financial close process – helping to reduce complexity and risk, accelerating the overall process, and driving a greater experience for the entire enterprise. The platform combines all financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management and compliance and provides a connected, collaborative ecosystem by leveraging a mature and very robust set of financial controls, along with deep automation and integration capabilities that seamlessly connects with leading ERPs such as SAP®, Oracle®, and NetSuite®.
Whether you’re an experienced ServiceNow user looking to synchronize your mature or in-progress digital transformation, or just starting your transformation journey, CadencyDirect is where Financial Transformation meets Digital Transformation. For more information, please contact either your appropriate ServiceNow or Trintech representative or go to www.trintech.com/CadencyDirect for more information.
Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency® Platform, Adra® Suite, and targeted tools, ReconNET™, T-Recs®, and UPCS®, help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.
Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.
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