Accounting Close Software. With its dashboard-driven management framework supporting all aspects of your period end, Cadency Close will allow your finance team to identify bottlenecks and communicate potential issues early and often, greatly reducing the possibility of missed deadlines and ensuring the accuracy and completeness of your financial statements.
Vendor
Trintech
Company Website
Overview
Cadency Match offers superior automation and exception management capabilities to perform high-volume transaction matching quickly and accurately. Due to the growing amount of channels and data sources, the reconciliation process has become a daunting task for even the most established organizations. With Cadency Match, you can perform high-volume transaction matching in a fraction of the time while rapidly enhancing the accuracy and regulatory compliance of all resulting financial statements. The solution’s superior exception management capabilities apply multiple match rules to quickly reduce the time required to match transactions daily, allowing for exceptions to be handled in a timely manner instead of leaving it all to period end.
Features
- Dashboards: Intuitive dashboards and pages equipped with all necessary fields to provide a comprehensive and user-friendly interface for both manual and automated matching.
- AI Risk Rating: AI technology to analyze and rate risky transactions, providing an additional layer of control and insight into potential financial exposures.
- Automated Exception Management: Establish standardized procedures to automate and manage exceptions, reducing manual tasks and maintaining consistent handling of discrepancies.
- Match Affinity: Enable suggestive matching capabilities and provide insights into why certain rules haven’t triggered, aiding in continuous rule refinement.
- Smart Matching: Utilize automated rules for transaction matching, complemented by intuitive manual interventions, to enhance reconciliation accuracy.
- Integration: Establish seamless connections with banking sources and other systems to enhance data consistency and accessibility.
- Daily Recs feature: Especially helpful to those in the banking, financial services and industries. For organizations that must perform daily reconciliations, this allows them to comply with regulatory requirements, reduce risk, and see their financial position throughout the month, not just at month-end.
Benefits
- Reduction in Time Spent Matching Transactions
- Reduction in Time Spent Researching Financial Exceptions
- Reduction in Internal Effort to Support External Auditors