CadencyDirect Expands Digital Workflows for the CFO’s Office with Journal Entry Automation That Further Strengthens the Digital Transformation of Companies, IRM, GRC and ESG Initiatives
DALLAS, TX / ACCESSWIRE / March 3, 2022 / Trintech, a leading global provider of integrated financial close automation software solutions for the Office of Finance, today announced the latest release of CadencyDirect that expands digital workflows for the Office of Finance using journal entry automation. It provides key stakeholders across the business with visibility and transparency across historically hidden disciplines to create a more connected organization that opens the door to digital transformation across the enterprise.
“With this release, we help make the workflow smoother for CFOs and their financial teams by helping them achieve enhanced visibility and control of critical financial data to handle risk. with confidence, ”said Michael Ross, Chief Product Officer of Trintech. “By supporting a fully configurable end-to-end workflow, CadencyDirect eliminates the common challenges seen in manual strategies when creating financial data through delivery. of real-time visibility, control and verification throughout the financial closing process and a better employee experience. ”
Key capabilities delivered with this release include the ability for critical journal entry tasks and issues to trigger enterprise-wide notifications and workflows, regardless of function, within the Now Platform®. Examples include:
- Topside Journal Visibility
- A real-time trigger will generate workflow work and tracked notifications for specific Disclosure and Reporting team members
- High-Risk Journal Posting Visibility
- A real-time trigger will generate workflow work and tracked notifications for specific senior finance leadership posted by a high-risk journal
- Internal Audit Journal Entry Rejection Visibility
- A real-time trigger will generate workflow work and track notifications for journal rejections while also mapping control frameworks, such as Sarbanes-Oxley, managed within the SerivceNow GRC to ensure real-time visibility of compromised controls.
CadencyDirect is certified as part of the ServiceNow Built on Now ™ program that adapts and extends management to financial operations so that CFOs and their teams can digitize workflows throughout the financial closing process – helps reduce complexity and risk, speeding up the overall process, and driving a greater experience for the entire business. The platform combines all close financial activity into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management and compliance and provides connected, collaborative ecosystem by utilizing a mature and robust set of financial controls, along with deep automation and integration capabilities that seamlessly connect to leading ERPs such as SAP®Oracle®and NetSuite®.
Whether you’re an experienced ServiceNow user looking to synchronize your mature or in-progress digital change, or just starting your change journey, CadencyDirect is where Financial Transformation meets Digital Transformation. For more information, please contact either your appropriate ServiceNow or Trintech representative or go to www.trintech.com/CadencyDirect for more information.
Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative cloud -based software solutions that deliver global operations and financial insights . From high volume transaction matching and streamlining of day-to-day operational agreements, to automating and managing balance sheet agreements, intercompany accounting, journal entries, reporting bank fee disclosure and analysis, up to management, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency® Platform, Adra® Suite, and targeted tools, ReconNET ™, T-Recs®and UPCS®, helped manage all aspects of the financial closing process. More than 3,500 clients around the world-including most of the Fortune 100-rely on the company’s cloud-based software to continually improve the efficiency, reliability, and strategic insights of their financial operations.
Headquartered in Dallas, Texas, Trintech has offices located throughout the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, Netherlands and Nordics, as well as strategic partners in South Africa, Latin America and Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.
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SOURCE: Trintech, Inc.
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