Overview

CadencyDirect: Financial Transformation Meets Digital Transformation

Today’s finance teams face the challenge of transforming alongside the business while maintaining core functions. Often, they are pulled in to simply provide data rather than driving strategic business decisions. To achieve operational excellence and become a strategic advisors, leading finance teams are automating processes to improve speed and accuracy, improving workflows for better visibility and communication and adapting their workforce for a digital age.

Enable Enterprise-Wide Connection & Collaboration

As the only financial close automation app for digital workflows, CadencyDirect connects Finance & Accounting through the ServiceNow Platform. Areas of the business related to the Record-to-Report process can be easily accessed through triggers and workflows, creating a more secure and holistic approach to the financial close process.

The CadencyDirect Platform

Powered by Trintech’s industry-leading Cadency Solution, CadencyDirect automates financial close processes and enables Now Platform users across the business with native workflows and triggers. Whether you’re an experienced ServiceNow client looking to sync your in-progress digital transformation initiatives, or just starting your transformation journey, CadencyDirect is designed to meet you where you are.

Features

• Account Reconciliations: Automate balance sheet account reconciliation and certification, reducing the number of accounts needing individual attention. Streamlines the entire reconciliation process and drives accuracy, predictability and reliability of financial statements. Accountants can remediate errors promptly with notifications and risk factors.
• Transaction Matching: Reduce the time and risk associated with your matching process. Standardizes and enriches data from ERPs and other sources, resulting in strong auto-matching rates and superior exception management capabilities. Exceptions are automatically created for unmatched items.
• Close Management: Manage all system and close activities with a reliable, repeatable, and highly visible workflow to quickly identify bottlenecks and create actions for issue resolution. Dashboard-driven management framework maintains seamless communication across the organization, reducing missed deadlines and ensuring the accuracy of financial statements.
• Journal Entry: Automate your journal entry process to reduce risk and drive efficiency. Facilitates accurate journal entry postings with clear routing, key controls and documentation. Delivers real-time visibility, control and validation of the status of all journal entries.
• Financial Controls and Compliance: Reduce the time and risk associated with testing controls and supporting audits. Enables continuous monitoring of controls performed in CadencyDirect to provide visibility into financial and non-financial processes, data, controls and risks to key initiatives on a single platform alongside ServiceNow GRC.
• Intercompany Accounting: Facilitates a streamlined workflow for comparing and reconciling transactions between entities as part of your larger financial close process. With enhanced controls you can drastically reduce the number of accounts and transactions that require human attention and decrease the time needed to close.
• ServiceNow Integration Hub: CadencyDirect allows ServiceNow IntegrationHub users to successfully bring finance and accounting into lockstep with the whole enterprise.

Benefits

• Improved Accuracy: Streamlines reconciliation processes and ensures the accuracy of financial statements.
• Increased Efficiency: Automates key tasks, reducing manual effort and accelerating the financial close.
• Enhanced Visibility: Provides real-time insights into the status of journal entries and the overall close process.
• Reduced Risk: Strengthens governance and enables continuous monitoring of controls.
• Better Collaboration: Facilitates seamless communication across the organization.