Cadency’s Journal Entry Management process is a fully integrated workflow solution that provides governance and management oversight, allowing organizations to finally take control of their manual journal entry process. The solution enforces policies and procedures while delivering real-time visibility into the status of journal entry preparation, approvals, and posting, while allowing you to proactively schedule postings.
With Cadency’s Journal Entry process, companies can significantly increase the efficiency of their JE process, while reducing their costs and risk of errors.
By facilitating two-way communication from your ERP system directly into your journal entry management solution, you can input, route, and close assigned tasks. The automation capabilities will help you clearly define your process, create strong governance, and ultimately remove many issues that create a lengthy close process.
Your workflow will be configured with corresponding reporting to deliver real-time transparency into the workflow status of journal entries so you can easily identify where any issues are in the management of your open items.
By facilitating two-way communication from any third-party system to input, route, and close assigned tasks, our solution allows you to clearly define your process, create strong governance, and ultimately remove the ambiguity that can create a lengthy close process.
Siemens uses Trintech’s Record to Report solution to increase control and transparency across its financial close - Siemen’s account reconciliation process was very decentralized amongst each of the company’s business units. Many locations relied on Excel and multiple shared directories to perform general ledger account reconciliation. Siemens wanted an efficient, automated solution that could integrate with their complex ERP environment to deliver best-in-class account reconciliation services to their various business…View Customer
The office of finance is tasked with improving finance efficiency and reducing costs while providing a higher quality, higher value service to the business. In short, delivering more with less. Explore this best practice guide highlighting the What, Why and, most importantly, How of R2R transformation.Read More