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.
Cadency facilitates two-way communication from your ERP system, allowing you to input, route, and close assigned tasks without duplication or oversight. The solution’s Risk Intelligent Robotic Process Automation™ capabilities for open-item management will help you clearly define your process, create strong governance, and ultimately remove many bottlenecks that commonly impact the close process.
Your workflow will be configured with the corresponding report to deliver real-time transparency into the workflow status of journal entries so you can easily identify issues in the management of your open items.
Our automation solution uses Risk Intelligent Robotic Process Automation™ to clearly define your controls and compliance and create a process with strong governance that ultimately reduces the length of your close cycle.
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 units.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