With Cadency from Trintech, financial professionals working in the healthcare industry have access to the world’s only financial governance solution that weaves all Record to Report (R2R) activities into a single, seamless process. The result—a suite of risk-reducing financial transformation solutions that grow and expand with your needs while reducing the length of your close cycle.
From the time a transaction occurs through financial statement issuance, Cadency greatly improves visibility and empowers continuous process improvements in account reconciliation, journal entry, close management, compliance, intercompany management, and reporting.
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“We didn’t want to move the needle a little bit, we wanted to do much more than that –we wanted to innovate and create a world-class reconciliation platform. And we did just that: the team delivered the project on time and under budget, and more importantly, improved the day to day operations of our finance organization.”
Cadency’s Financial Close software spans across and integrates with all R2R activities — Certification (account reconciliation), Compliance and Journal Entry — preventing “white space breakdowns” in the Record to Report cycle. Because Cadency is the industry’s only solution that manages the entire Record to Report process end to end, you can finally manage and gain audit transparency into all your period-end close processes, all in real time.
To help improve the efficiency of your financial close, Cadency’s dashboard clearly highlights upstream and downstream task dependencies, flagging potential bottlenecks to allow management to address issues before a deadline has passed. Tasks that are completed inside as well as outside of Cadency are quickly communicated between systems through Risk Intelligent RPA™, allowing staff members to spend less time on manual updates and more on strategic analysis.
Cadency’s Certification for reconciliation eliminates your dependency on error-prone spreadsheets and risk-ridden manual processes. Within Certification, we ensure that your reconciliations meet your organization’s quality and compliance standards while streamlining the whole process.
Cadency’s Journal Entry solution provides governance and management oversight, allowing organizations to finally take control of the journal entry process. With Cadency’s Journal Entry process, companies can significantly increase the efficiency of their JE process, while reducing their costs and risk of errors.
Cadency’s Compliance solution allows you to ensure corporate and regulatory compliance including SOX, HIPAA, FERC/NERC, security standards, sustainability projects, and more by implementing your financial governance model throughout the entire Close process.
Your Office of Finance must be able to remove as many inefficiencies as possible as it works to positively contribute to the financial health of your organization. With Cadency’s Close, we will help you determine the root cause of your close cycle delays and stop them from wasting your organization’s employee resources.
Trintech’s Disclosure Management solution will allow you to gain more control over and stronger visibility into your financial and disclosure reporting for both external audiences, such as the SEC, and internal audiences, such as your board of directors and executive team members.
AstraZeneca struggled with a lack of standardization and visibility over its reconciliation process and wanted to achieve global standards in the account reconciliation process to eliminate inefficiencies, improve compliance, increase balance sheet visibility and reduce costs. It quickly realized that the only way it would achieve full global visibility and a world-class reconciliation process was to simplify, standardize and automate.View Customer