Karlsruhe, August 15, 2019 – Trintech, the leading international provider of Financial Corporate Performance Management (FCPM) software, shows how companies can optimize their SAP® investments with the help of Record to Report automation at this year’s annual DSAG congress. From 17 to 19 September, Trintech will be presenting new features of its Record to Report (R2R) solution Cadency® by Trintech at Stand D10 in the Nuremberg Trade Fair Center.
Cadency standardizes and automates the entire financial closing process, increases transparency and productivity and significantly reduces the time required for the financial statements. Cadency can now be seamlessly and bi-directionally connected to S/4HANA with the certified SAP® connector. This significantly reduces the cost, time, and risk of data integration between SAP® and Cadency while keeping the ERP the central system of record. With 7.0, Cadency offers a brand-new user interface, SAP Open Item Clearing, that allows users to directly clear transactions in real time inside SAP. This addition completely removes the need to manually identify and clear transactions as well as customer vendor invoices inside SAP.
“More and more companies are mapping their business processes in S/4HANA. With the new capabilities of Cadency we want to secure and optimize the SAP investments of these companies,” said Lars Owe Nyland, Managing Director Europe at Trintech. “Especially in the run-up to or during a S/4HANA migration, standardized and automated financial processes are important as they reduce the costs, time and effort required to migrate and ensure reliable financial statements even during the transition phase.”
The example of the pharmaceutical company Sanofi shows that the implementation of the R2R solution Cadency by Trintech in the run-up to or simultaneous with a S/4HANA migration results in a considerable reduction of time and costs. Sanofi implements Cadency in 95 different countries in parallel with the migration to S/4HANA. This increases the productivity of 2,300 users, improves compliance for more than 2,500 accounts, and eliminates manual processes.
You are not at the DSAG Annual Congress or cannot visit us at booth D10? Register for our webinar “Record to Report Automation – Getting more out of your SAP investment” on September 5, 2019 (10 am).
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 and fiduciary reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency® Platform, Adra® Suite, and targeted tools, Trintech Disclosure Management®, 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 Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.
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