With Cadency from Trintech, financial executives have the world’s only financial governance solution that weaves all Record to Report (R2R) activities into a single, seamless process. The result – a more effective and efficient close cycle that minimizes risk, required resources and costs.
Across the entire R2R cycle, from the time a transaction occurs through financial statements being issued, Cadency empowers continuous process improvements in account reconciliation, journal entry, close management, and compliance all the way through to financial and disclosure reporting. By spanning across all R2R activities, Cadency ensures a single version of the truth and can help your company completely transform its financial processes to best in class levels of efficiency and effectiveness.
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Cadency’s Financial Close software spans across and integrates with all R2R activities — Reconciliation Match (transaction matching), Reconciliation Certify (account reconciliation), Close, 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 and visibility 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.
The Cadency platform offers two reconciliation-specific processes to make sure this crucial part of your financial statement’s foundation is well taken care of.
First, Cadency Reconciliation Match (Match) handles high-volume transaction matching, and rapidly enhances not only the speed of this process but also the regulatory compliance of all resulting financial statements. The solution’s superior exception management capabilities apply multiple match rules to quickly reduce the time required to match transactions and handle exceptions.
Then, Cadency Reconciliation Certify (Certify) eliminates your dependency on error-prone spreadsheets and risk-ridden manual processes. Within Certify, 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 Journal Entry, 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.
Sanofi has standardized and automated its reconciliation, journal entry and close management processes with Trintech's Cadency solution, resulting in greater visibility, increased productivity and a reduction in the time to close the books at each period end.View Customer