Instead of manually creating recurring journal entries, you can significantly 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 also 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.
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.
Instead of manually creating recurring journal entries, you can significantly 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.
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.
AgriBank was challenged by a manual reconciliation processes with a heavy reliance on spreadsheets. Their reconciliation process lacked standardization and prepaid schedules were still being manually maintained in error-prone spreadsheets. To address their concerns, AgriBank selected Trintech’s T-Recs solution because of it's ability to reconcile all types of accounts using defined workflows to automatically apply the correct rules to each reconciliation type. Learn More...View Customer