Cadency Logo
Cadency Logo
Trintech

Cadency

7.5 /10
Category
Cadency
7.5 /10

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.

85 Likeliness to Recommend

100 Plan to Renew

92 Satisfaction of Cost Relative to Value


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Emotional Footprint Overview

+92 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

98

Market Risk Management

93

Policy Management

93

Fraud Management

91

Cheque Management

90

Regulatory Compliance and Audit

88

Credit Risk Management

88

Anti Money Laundering

88

Asset Liability Management

85

Stress Tests

85

Vendor Capability Ratings

Average 84

Ease of Implementation

93

Ease of Customization

91

Quality of Features

91

Ease of Data Integration

90

Usability and Intuitiveness

88

Availability and Quality of Training

85

Breadth of Features

85

Vendor Support

80

Business Value Created

76

Product Strategy and Rate of Improvement

76

Ease of IT Administration

73

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