Trintech

Cadency

Composite Score

7.5 /10

CX Score

7.8 /10

5 Reviews Write a Review

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In Partnership With SelectHub

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What is Cadency?

Reinforcing the integrity of financial close data and processes, Cadency manages risk through enterprise-wide transparency, governance and control across the entire Record-to-Report process. Through a single end-to-end product, Cadency can cover any or all activities in the process.

Company Details

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Cadency Ratings

Real user data aggregated to summarize the product performance and customer experience.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

85 Likeliness to Recommend

100 Plan to Renew

92 Satisfaction of Cost Relative to Value

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Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+94 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Cadency?

0% Negative

0% Neutral

100% Positive

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Feature Ratings

Average 91

Analytics and Reporting

100

Transaction Monitoring

Market Risk Management

Policy Management

Fraud Management

Cheque Management

Regulatory Compliance and Audit

Credit Risk Management

Anti Money Laundering

Asset Liability Management

Stress Tests

Vendor Capability Ratings

Average 84

Ease of Implementation

Ease of Customization

Quality of Features

Ease of Data Integration

Usability and Intuitiveness

Availability and Quality of Training

Breadth of Features

Vendor Support

Business Value Created

Product Strategy and Rate of Improvement

Ease of IT Administration

Cadency Reviews

Akalezi C.

Role: Finance
Industry: Finance
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Aug 2024

Really robust and effective solution

Likeliness to Recommend

7 /10

What differentiates Cadency from other similar products?

Cadency provides a holistic approach to automation, covering tasks from data collection and validation to journal entry creation and reporting.

What is your favorite aspect of this product?

Cadency's ability to automate a wide range of financial close tasks is a significant advantage.

What do you dislike most about this product?

it can also be complex to implement and learn

What recommendations would you give to someone considering this product?

Go for it, very robust solution

Pros

Continually Improving Product
Performance Enhancing
Enables Productivity
Efficient Service

Lehar A.

Role: Finance
Industry: Finance
Involvement: IT Development, Integration, and Administration

Validated Review

Verified Reviewer

Submitted Jul 2024

Comprehensive Solution with Potential for Advanced

Likeliness to Recommend

10 /10

What differentiates Cadency from other similar products?

Provides a unified environment for managing financial operations, reducing the need for multiple disparate systems and ensuring consistency across processes.

What is your favorite aspect of this product?

The automation of transaction matching and exception handling significantly reduces manual effort and the risk of errors, making the financial close process more efficient and accurate.

What do you dislike most about this product?

Nothing at all

What recommendations would you give to someone considering this product?

Ensure that Cadency integrates smoothly with your existing ERP systems and other financial tools. This integration is crucial for a seamless data flow and process efficiency.

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Elizabeth B.

Role: Operations
Industry: Technology
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Oct 2022

Powerful close management module

Likeliness to Recommend

10 /10

What differentiates Cadency from other similar products?

The greatest value that we get as a business out of Cadency system lies in the risk analysis and greater scrutiny of transactions as they pass into journal entries. It enforces accountability right back at the point that transactions get entered into the system

What is your favorite aspect of this product?

Cadency creates pre-written workloads and also provides checklists for closing which helps organize the tasks required to close the accounts and allocate responsibility for each task to different team members

What do you dislike most about this product?

Populating the periods within the Cadency Close Module is time-consuming. Navigating the website to find the training and documentation specific to my needs is difficult

What recommendations would you give to someone considering this product?

Cadency includes modules that perform much of the closing work for you. It is intended for constant use, sorting out issues such as reconciliation on an ongoing basis so that you don't have any last-minute issues

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Cadency

What is Cadency?

Company Details

Book a Free Demo Today!

Cadency Ratings

85 Likeliness to Recommend

100 Plan to Renew

92 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+94 Net Emotional Footprint

How much do users love Cadency?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Analytics and Reporting Includes historical & real-time dashboard visualizations, detailed & summary reporting and easy data extraction for data analysis.

Transaction Monitoring Includes Know Your Customer (KYC), cash deposits and withdrawals, wire transfers, and ACH activity management.

Market Risk Management Includes equity risk, currency risk, and commodity risk.

Policy Management Solution centralizes policies, standards, and procedures mapped to regulations or best-practices (PCI-DSS, ISO/IEC, HIPAA, etc.) with built-in templates.

Fraud Management Includes identity theft protection, fraud alerts, payer authentication, and fraud investigations.

Cheque Management Includes cheque printing, cheque tracking, cheque payment processing, and cheque verification.

Regulatory Compliance and Audit Ability to adhere to laws, regulations, guidelines, and specifications relevant to the business. Ability to store documents and trails for audit access.

Credit Risk Management Includes credit assessment, credit scoring, and credit risk analysis.

Anti Money Laundering Includes suspicious behavior identification, currency transaction reporting, case management and customer due diligence checks.

Asset Liability Management Includes interest rate risk, liquidity risk, and funding and capital management.

Stress Tests Includes crisis simulations, scenario generation, and scenario analysis.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Cadency Reviews

Akalezi C.

Really robust and effective solution

Likeliness to Recommend

Pros

Lehar A.

Comprehensive Solution with Potential for Advanced

Likeliness to Recommend

Pros

Elizabeth B.

Powerful close management module

Likeliness to Recommend

Pros

Feature Ratings

Analytics and Reporting

Transaction Monitoring

Market Risk Management

Policy Management

Fraud Management

Cheque Management

Regulatory Compliance and Audit

Credit Risk Management

Anti Money Laundering

Asset Liability Management

Stress Tests

Vendor Capability Ratings

Ease of Implementation

Ease of Customization

Quality of Features

Ease of Data Integration

Usability and Intuitiveness

Availability and Quality of Training

Breadth of Features

Vendor Support

Business Value Created

Product Strategy and Rate of Improvement

Ease of IT Administration