What is Trintech Cadency?
Definition
Trintech Cadency is a financial close management platform used by finance and accounting teams to manage close tasks, account reconciliations, journal entries, controls, compliance evidence, and reporting activities in one structured environment. It helps organizations coordinate the month-end close, standardize account reconciliation, track approvals, monitor exceptions, and improve visibility into close readiness. Cadency is commonly used by controllers, shared services teams, corporate accounting, and finance operations teams that need stronger governance over high-volume close activities.
How Trintech Cadency Works
Cadency typically works by connecting close activities with ownership, due dates, supporting documentation, review steps, and status reporting. Finance teams can assign tasks to preparers and reviewers, monitor completion, attach evidence, and track whether each activity is ready for reporting. This creates a structured close environment where every balance, journal, reconciliation, and certification can be followed through a controlled review path.
For example, a balance sheet account may be assigned to a preparer, routed to a reviewer, supported by schedules, and flagged if reconciling items remain open. This helps finance teams manage close management with better consistency across entities, business units, currencies, and reporting deadlines.
Core Capabilities
Task management: Tracks close activities, owners, due dates, dependencies, and completion status.
Reconciliation management: Supports preparation, review, approval, and evidence tracking for balance sheet accounts.
Journal control: Helps manage journal preparation, approval, posting evidence, and exception follow-up.
Certification: Supports formal sign-offs for accounts, controls, and reporting deliverables.
Exception visibility: Highlights late tasks, missing support, unreconciled balances, and unresolved items.
Dashboard reporting: Gives controllers and finance leaders visibility into close progress and risk areas.
Key Metrics and Worked Example
A useful metric for Cadency-enabled close performance is: Close Task Completion Rate = Tasks Completed on Time ÷ Total Close Tasks × 100.
For example, assume a company has 850 close tasks for the June close. By the reporting deadline, 765 tasks are completed on time, 60 are completed late, and 25 remain open. Close Task Completion Rate = 765 ÷ 850 × 100 = 90%. A 90% completion rate shows strong close execution, while the remaining 85 delayed or open tasks should be reviewed for reporting impact, ownership, evidence quality, and escalation needs.
Other practical metrics include reconciliation completion rate, number of overdue reconciliations, value of open reconciling items, rejected journal entries, average review cycle time, and close cycle time. These metrics help finance leaders measure timeliness, accuracy, and close discipline.
Business Use Cases
Trintech Cadency is used for month-end close, quarter-end reporting, year-end audit preparation, balance sheet substantiation, journal entry governance, and shared services operations. It helps teams manage balance sheet reconciliation by tying account balances to evidence, explanations, preparer sign-offs, and reviewer approvals.
Cadency can also support journal entry management by improving visibility into journal preparation, approval status, supporting documentation, and posting readiness. For companies with multiple entities, it helps coordinate global close activity and supports intercompany reconciliation by tracking open balances, ownership, and settlement follow-up.
Controls and Audit Readiness
Cadency supports stronger financial close controls by creating a clear record of who prepared each task, who reviewed it, what evidence was attached, and which exceptions were resolved. This improves audit readiness because auditors and controllers can trace close outputs back to supporting documentation, comments, approvals, and completion history.
It also supports segregation of duties by separating preparer and reviewer responsibilities. For high-risk accounts, teams can require additional review steps, stronger evidence, or management approval before the account is certified. This helps reduce unsupported balances and improves confidence in financial reporting.
Best Practices
Define clear ownership for every task, reconciliation, journal, and certification.
Use standardized templates for recurring reconciliations and close activities.
Track open items by age, amount, owner, and expected resolution date.
Review exception dashboards daily during the close period.
Align Cadency tasks with the corporate close calendar and reporting deadlines.
Use close metrics to support continuous accounting and ongoing process improvement.
Summary
Trintech Cadency is a financial close management platform that helps finance teams manage reconciliations, journals, tasks, certifications, controls, and close reporting. It improves visibility into close status, supports stronger evidence management, strengthens audit readiness, and helps controllers make better financial reporting decisions. When used consistently, Cadency supports operational efficiency, cleaner close execution, and more reliable business performance reporting.
