CadencyDirect by Trintech is an end-to-end Record to Report solution offered natively through the ServiceNow platform that powers digital transformation for the Office of the CFO to help them close the books. CadencyDirect helps companies manage and accelerate the financial close process and enables workflows across the enterprise to generate accurate, reliable reporting while reducing risk.
With CadencyDirect organizations can combine and automate all financial close activities (including operational matching, intercompany, balance sheet reconciliations, journal entry management, and close task management) into a single seamless process. Leveraged by organizations across all industries and geographies, CadencyDirect opens the door to enterprise-wide digital transformation by building connections between finance and the rest of the organization.
Benefits of CadencyDirect
Employee Experience
- Increase productivity by automating manual tasks within financial processes
- Improved visibility of key data in real-time to drive confident decision making
Operating Excellence
- Create centers of excellence to build a strong GBS strategy for the Office of Finance
- Support ESG activation across the enterprise
Build & Automate
- Ability to further develop finance-based applications or automation on the Now platform with CadencyDirect as an integration hub spoke
ServiceNow GRC: Continuous monitoring of controls performed in CadencyDirect to provide visibility into financial and non-financial processes, data, controls and risks to key initiatives (such as ESG) on a single platform.
IntegrationHub: CadencyDirect's spokes within the ServiceNow IntegrationHub bring the Office of Finance into the workflows and business process of the entire enterprise with bi-directional capabilities.
ERP Connectors: ERP agnostic with the ability to support all instances of ERPs and GL systems, using certified integrations from SAP®, Oracle®, NetSuite® and more for complete visibility across all business units and geographies.
Close Task Management: Orchestrate and manage all close activities with a reliable, repeatable, and highly-visible workflow to quickly identify bottlenecks and create actions for issue resolution. Close tasks directly from ServiceNow.
Journal Entry: Increase your audit readiness by facilitating accurate journal entry postings with clear routing, key controls and documentation throughout to support their validity.
Intercompany Transactions: Overcome the complex challenges of intercompany accounting by facilitating a streamlined workflow for comparing and reconciling transactions between entities as part of your larger financial close process.
Account Reconciliation: Take control of the balance sheet account reconciliation and certification process with automation to greatly reduce the number of accounts that need individual attention.
Added support for Journal Entry (JE) requests and templates.
- Create reusable and easily customizable JE Templates for common JE Request use-cases.
- Create a JE Request in ServiceNow based off an existing template, upload your data, and submit it for approval. Once approved, the JE Request, along with its data, is sent to the Cadency platform for processing. Track the status of your JE Request directly in the ServiceNow record.
CadencyDirect account