Recurring Journal Entries

Journal Entry

Create additional efficiencies in your close process by streamlining the process of defining, scheduling, and posting your recurring journal entries.

Instead of manually creating recurring journal entries, you can greatly reduce the time, effort, and opportunity for error in this part of your Close process by proactively defining the accrual, depreciation, amortization, or allocation, and scheduling details.

 

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.

Define Automation

When you proactively define and automate your journal entries, you can ensure standardized preparation for all entries and a smooth reconciliation process for account reconciliation-based adjustments.

Automatically Schedule Postings

Instead of manually creating recurring journal entries, you can greatly reduce the time, effort, and opportunity for error in this part of your close process by proactively defining the accrual, depreciation, amortization, or allocation details and scheduling an automatic posting.

Reduce Close Accounting Period

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.

Featured Case Study

Case Study

AgriBank

AgriBank uses Trintech’s reconciliation solution for its reconciliation process to improve financial controls AgriBank selected Trintech based upon its highly configurable solution. Trintech’s reconciliation solution is secure, transparent and comprehensive, allowing AgriBank to save significant time, cost and resources throughout its financial close process. Since implementation, AgriBank has achieved greater efficiency, improved financial controls, standardized processes and more effective monitoring. To learn more, download the full case study. About AgriBank…

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