ServiceNow customers can achieve significant ROI potential including: Up to a 40% reduction in internal audit effort, up
to a 20% reduction in time testing controls, and up to a 14% reduction in misstatement risk with CadencyDirect
DALLAS, TX, Oct 5, 2021 - (ACN Newswire) - Trintech, a leading global provider of integrated financial close automation
software solutions for the Office of Finance, today announced the latest release of CadencyDirect which now integrates
into ServiceNow's GRC solution to help customers strengthen their compliance frameworks and drive better risk-informed
decisions across the enterprise.
"At ServiceNow our aim is to make work, work better for people," said Vasant Balasubramanian, vice president and GM of
the Risk BU at ServiceNow. "Through this integration of CadencyDirect into ServiceNow's GRC solution, we are helping to
make work flow more seamlessly for CFOs and their financial teams by helping them achieve enhanced visibility and
control of critical financial data in order to handle risk with confidence."
A key capability delivered with this release includes the ability for critical financial close tasks and issues to
trigger notifications and workflows throughout the enterprise within the Now Platform. With this capability, along with
the integration to GRC, Trintech and ServiceNow are enabling digital transformation that reduces the risk to the global
"We are seeing a stronger collaboration across the C-Suite, particularly between the CIO, CFO and CAO, as digital
transformation becomes more imperative for organizations," said Robert Michlewicz, Chief Strategy Officer of Trintech.
"While digital transformation introduces extensive opportunities for organizations, it also introduces new digital risk
that must be managed with stronger and integrated GRC capabilities. With the latest release of CadencyDirect, key
stakeholders across the business will now have the visibility and transparency into historically siloed disciplines to
create a more connected organization that opens the door to enterprise-wide digital transformation."
CadencyDirectis certified as part of the ServiceNow Built on Now(TM) program that complements and extends financial
operations management so that CFOs and their teams can digitize workflows across the financial close process - helping
to reduce complexity and risk, accelerating the overall process, and driving a greater experience for the entire
enterprise. The platform combines all financial close activities into a single, seamless process, including operational
matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task
management and compliance and provides a connected, collaborative ecosystem by leveraging a mature and very robust set
of financial controls, along with deep automation and integration capabilities that seamlessly connects with leading
ERPs such as SAP(R), Oracle(R), and NetSuite(R).
Whether you're an experienced ServiceNow user looking to synchronize your mature or in-progress digital transformation,
or just starting your transformation journey, CadencyDirect is where Financial Transformation meets Digital
Transformation. For more information, please contact either your appropriate ServiceNow or Trintech representative or go
for more information.
Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and
financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations
and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating
and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee
analysis, to governance, risk and compliance - Trintech's portfolio of financial solutions, including Cadency(R)
Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the
financial close process. Over 3,500 clients worldwide - including the majority of the Fortune 100 - rely on the
company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their
Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia,
Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa,
Latin America and the Asia Pacific. To learn more about Trintech, visit www.trintech.com
or connect with us on LinkedIn, Facebook and Twitter.
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