Period Close and Consolidation with CadencyDirect
CadencyDirect Seamlessly Connects the Office of Finance to Consolidation on the Now Platform®
CadencyDirect is the only native built ServiceNow application that extends workflows for the Office of the CFO on the Now® platform — and helps automate the financial close process. CadencyDirect enables organizations to reduce the risk of human error within their processes and create a connected, collaborative ecosystem between teams such as consolidation and finance. When the period end is closed, the consolidation team begins pulling accounts when they know additional adjustments are not coming. Typically, getting the confirmation they need to begin depends on manual communication via email or instant message from the finance team. With CadencyDirect, the consolidation team can be notified with automated triggers on the ServiceNow platform which means they can proceed with their work – no waiting, no inaccuracy and no disruption. Watch this video to see how this looks in action.