Trintech Cadency review

Trintech Cadency is the enterprise sibling of Adra and is built for complex, public and global organizations. As data moves from the system of record into Cadency, it runs balance sheet reconciliations and notifies accountants of items that need attention along with their risk factors. Transaction matching standardizes and enriches messy ERP data before auto-matching and creates exceptions for unmatched items with configurable, risk-based resolution workflows. Close management orchestrates system and close activities in a repeatable, dashboard-driven workflow that shows bottlenecks, and the journal entry workflow adds routing, key controls and two-way communication with third-party systems. Governance, risk and compliance and intercompany accounting sit in the same platform. Trintech reports a 90% reduction in the number of accounts to be reconciled. It ranks last here because the price is quoted and the setup effort suits large enterprises; midsize controllers will get to value faster with Adra, FloQast or Numeric.

Who it is for

Complex, public and global enterprises

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Balance sheet reconciliations with notifications and risk factors for items needing attention
• Transaction matching that standardizes and enriches messy ERP data before auto-matching
• Dashboard-driven close management that orchestrates system and close activities
• Journal entry workflow with routing, key controls and two-way third-party integration
• Governance, risk and compliance plus intercompany accounting

Strengths and weaknesses

• Strength: Covers intercompany accounting and GRC alongside the close
• Strength: Configurable, risk-intelligent exception workflows
• Strength: Full audit trails and approvals across processes
• Weakness: No public price
• Weakness: Aimed at large enterprises, so heavy for midsize teams
• Weakness: Lower ease-of-use score reflects enterprise configuration effort

Key facts

• Processes: Reconciliations, transaction matching, close management, journal entry, GRC, intercompany
• Vendor-reported results: 90% reduction in number of accounts to be reconciled
• Target: Large, complex, public and global organizations
• Pricing: Quote only

Where it ranks

Trintech Cadency is No. 10 in our Best Month-End Close Software verdict.