{"id":2233,"date":"2020-03-17T21:36:42","date_gmt":"2020-03-17T21:36:42","guid":{"rendered":"https:\/\/www.trintech.com\/how-a-system-of-accounting-intelligence-enables-your-close-to-move-from-reporting-to-insights\/"},"modified":"2025-07-04T12:14:24","modified_gmt":"2025-07-04T12:14:24","slug":"how-a-system-of-accounting-intelligence-enables-your-close-to-move-from-reporting-to-insights","status":"publish","type":"post","link":"https:\/\/www.trintech.com\/blog\/how-a-system-of-accounting-intelligence-enables-your-close-to-move-from-reporting-to-insights\/","title":{"rendered":"How a System of Accounting Intelligence Enables Your Close to Move from Reporting to Insights"},"content":{"rendered":"<div  class=\"resource-hero-block alignfull\" >\n\t<div class=\"maybe-wrapper\">\n        <div class=\"hero-top\">\n            <div class=\"hero-title\">\n                <h1>How a System of Accounting Intelligence Enables Your Close to Move from Reporting to Insights<\/h1>\n                <p class=\"type\">Blog post<\/p>\n                            <\/div>\n            <div class=\"hero-share\">\n                <h2>Share<\/h2>\n                <div class=\"socials\">\n  <a class=\"email\" href=\"mailto:?subject=How+a+System+of+Accounting+Intelligence+Enables+Your+Close+to+Move+from+Reporting+to+Insights&#038;body=https%3A%2F%2Fwww.trintech.com%2Fblog%2Fhow-a-system-of-accounting-intelligence-enables-your-close-to-move-from-reporting-to-insights%2F\">\n    <span class=\"screen-reader-text\">Email<\/span><span class=\"icon icon-mail\"><\/span>\n  <\/a>\n  <a href=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fwww.trintech.com%2Fblog%2Fhow-a-system-of-accounting-intelligence-enables-your-close-to-move-from-reporting-to-insights%2F\" target=\"_blank\"><span class=\"screen-reader-text\">Twitter<\/span><span class=\"icon icon-x\"><\/span><\/a>\n  <a href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.trintech.com%2Fblog%2Fhow-a-system-of-accounting-intelligence-enables-your-close-to-move-from-reporting-to-insights%2F\" target=\"_blank\"><span class=\"screen-reader-text\">Facebook<\/span><span class=\"icon icon-facebook\"><\/span><\/a>\n  <a href=\"https:\/\/www.linkedin.com\/sharing\/share-offsite\/?url=https%3A%2F%2Fwww.trintech.com%2Fblog%2Fhow-a-system-of-accounting-intelligence-enables-your-close-to-move-from-reporting-to-insights%2F\" target=\"_blank\"><span class=\"screen-reader-text\">Linkedin<\/span><span class=\"icon icon-linkedin\"><\/span><\/a>\n<\/div>            <\/div>\n        <\/div>\n\n        \n\t<\/div>\n<\/div>\n\n\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-20283 size-large\" src=\"https:\/\/www.trintech.com\/wp-content\/uploads\/2023\/01\/How-a-System-of-Accounting-Intelligence-Enables-Your-Close-to-Move-from-Reporting-to-Insights-1024x468.png\" alt=\"System of Accounting Intelligence Enables Your Close to Move from Reporting to Insights\" width=\"1024\" height=\"468\" \/><\/p>\n<p>Over the past several years, our <a href=\"https:\/\/www.trintech.com\/cadency\/\">Cadency<\/a> customers have been reaping the <a href=\"https:\/\/www.trintech.com\/discover-your-roi\/\">ROI<\/a> of <a href=\"https:\/\/www.trintech.com\/ebook\/enabling-financial-transformation-through-technology\/\">financial transformation<\/a> and a global <a href=\"https:\/\/www.trintech.com\/blog\/how-a-global-system-of-controls-can-move-your-financial-reporting-from-flipping-a-coin-to-a-sure-investment\/\">System of Controls<\/a> (SOC)\u2122. And now, the latest update to Cadency\u2019s SOC enables our customers\u2019 transformation journeys to encompass more valuable insights and intelligence around their financial close process. In partnership with our <a href=\"https:\/\/www.trintech.com\/news\/trintech-launches-strategic-customer-advisory-board\/\">Customer Advisory Board<\/a>, we have made significant advancements in our <a href=\"https:\/\/www.trintech.com\/news\/trintech-extends-global-system-of-accounting-intelligence-leadership-with-release-of-cadency-8-0\/\">solutions<\/a> that are enabling our customers to achieve a System of Accounting Intelligence\u2122 (SOAI) that improves their financial reporting accuracy, increases automation and lowers cost.<\/p>\n<p>Building upon your Systems of Record (ERP, Tax, Treasure, etc.) ecosystem, our SOAI includes a System of Integration that provides tight integration capabilities with those data sources and workflows so that your efforts don\u2019t create parallel and silo databases. In addition, this ensures that your ROI and TCO on those systems of record are not impacted, allowing you to upgrade them with flexibility and giving you full confidence that your financial close process will continue to be accurate, secure and provide value. For example, our <a href=\"https:\/\/www.trintech.com\/blog\/r2r-automation-framework-erp-connectors\/\">ERP Connectors<\/a> enable you to quickly and accurately identify the accounts that need to be reconciled, will then reconcile them and post back journal entries. In addition, our <a href=\"https:\/\/www.trintech.com\/blog\/r2r-automation-framework-apis\/\">APIs<\/a> enable you to integrate with other data sources but also drive integration and automation of close workflows on other Systems of Records beyond your ERP such as Tax, Treasury, etc.<\/p>\n<p>Trintech\u2019s SOAI includes the world\u2019s only comprehensive System of Controls. It enables your workflow to work from anywhere across the globe, including working remotely from home, while still ensuring your control, accuracy, automation and reduced costs. To learn how each aspect can transform your financial processes and how it integrates into a global System of Control, check out the following links:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.trintech.com\/blog\/dont-drown-in-transaction-data-when-closing-light-a-match-and-see-clearly\/\">Operational Matching<\/a><\/li>\n<li><a href=\"https:\/\/www.trintech.com\/blog\/reconciliations-part-of-a-global-system-of-controls-to-ensure-the-integrity-of-your-financial-close\/\">Account Reconciliation<\/a><\/li>\n<li><a href=\"https:\/\/www.trintech.com\/blog\/eliminate-95-of-manual-journal-entries-and-reduce-risk-at-the-same-time-mission-possible\/\">Journal Entry<\/a><\/li>\n<li><a href=\"https:\/\/www.trintech.com\/blog\/intercompany-prevention-is-the-best-medicine\">Preventative Intercompany Controls<\/a><\/li>\n<li><a href=\"https:\/\/www.trintech.com\/blog\/how-to-reduce-risk-and-ensure-control-over-your-intercompany-transactions-with-cadencys-detective-controls\/\">Detective Intercompany Controls<\/a><\/li>\n<li><a href=\"https:\/\/www.trintech.com\/blog\/how-to-excite-an-accountant-during-close\/\">Close Workflow<\/a><\/li>\n<li><a href=\"https:\/\/www.trintech.com\/blog\/how-to-measure-the-impact-of-your-control-environment-using-a-framework-for-compliance\/\">Compliance<\/a><\/li>\n<li><a href=\"https:\/\/www.trintech.com\/blog\/how-to-measure-the-impact-of-your-control-environment-using-a-framework-for-compliance\/\">How to Measure the Impact of Your Control Environment Using a Framework for Compliance<\/a><\/li>\n<\/ul>\n<p>Our SOAI framework builds upon these controls with rich automation (System of Automation) within Cadency via <a href=\"https:\/\/www.trintech.com\/cadency\/system-of-accounting-intelligence\/risk-intelligent-rpa\/\">Risk Intelligent RPA\u2122<\/a> (RI RPA). Cadency\u2019s RI RPA automates your close activities based on your company\u2019s specific risk tolerances and compliance framework so that the key items are addressed by human talent, and the rest are automated. This means the truly high-risk items are worked by skilled human talent to ensure accuracy. In fact, we have customers automating 90%+ of their reconciliation and 95%+ of their journal entry workload. This automation can be further extended with <a href=\"https:\/\/www.trintech.com\/blog\/r2r-automation-framework-erp-bots\/\">ERP Bots<\/a>. Recently <a href=\"https:\/\/www.trintech.com\/news\/trintech-announces-four-sap-certified-integrations-with-sap-s-4hana-and-sap-netweaver\/\">certified by SAP<\/a>, our bots drive the financial close workflow into the ERP and other systems so that you are closing faster while reducing your overall risk.<\/p>\n<p>A global System of Controls with deep integration and automation in place provides unparalleled insight into your close process. Trintech\u2019s SOAI further enables these insights by using machine learning and artificial intelligence via our <a href=\"https:\/\/www.trintech.com\/cadency\/smart-platform\/\">Financial Controls AI (FC AI)\u2122<\/a> capabilities. FC AI is a unique type of Artificial Intelligence developed specifically for the complex needs of the office of finance to identify errors and anomalies in financial data. It uses a risk-based approach to help financial professionals optimize global controls and automate workflow. This functionality is included natively in Cadency and provides an in-depth assessment of risk, such as fraudulent transactions and manual adjustments, all the way down to the transaction level. It quickly analyzes each account and provides a risk rating while incorporating the correct controls and materiality thresholds. The solution\u2019s machine learning capabilities even enable deeper, more predictive insights over time.<\/p>\n<p>So, if you are ready to shift from Record to Intelligence, Trintech\u2019s System of Accounting Intelligence is the only answer.<\/p>\n<p><em>Written by: Michael Ross<\/em><\/p>\n<p><em>References<\/em><\/p>\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Financial_close_management\">https:\/\/en.wikipedia.org\/wiki\/Financial_close_management\u00a0<\/a><\/p>\n<p>https:\/\/en.wikipedia.org\/wiki\/Accounting_intelligence<\/p>","protected":false},"excerpt":{"rendered":"<p>Over the past several years, our Cadency customers have been reaping the ROI of financial transformation and a global System of Controls (SOC)\u2122. And now, the latest update to Cadency\u2019s SOC enables our customers\u2019 transformation journeys to encompass more valuable insights and intelligence around their financial close process. In partnership with our Customer Advisory Board, we have made significant advancements in our solutions that are enabling our customers to achieve a System of Accounting Intelligence\u2122 (SOAI) that improves their financial reporting accuracy, increases automation and lowers cost. Building upon your Systems of Record (ERP, Tax, Treasure, etc.) ecosystem, our SOAI includes a System of Integration that provides tight integration capabilities &hellip;<\/p>\n","protected":false},"author":7,"featured_media":735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false},"categories":[621],"tags":[111,128,93,105,112,130],"topic":[],"product":[79],"class_list":["post-2233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-account-reconciliation","tag-compliance-and-controls","tag-financial-close-management","tag-financial-transformation","tag-intercompany","tag-journal-entry","product-cadency"],"acf":[],"lang":"en","translations":{"en":2233},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/posts\/2233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/comments?post=2233"}],"version-history":[{"count":0,"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/posts\/2233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/media\/735"}],"wp:attachment":[{"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/media?parent=2233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/categories?post=2233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/tags?post=2233"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/topic?post=2233"},{"taxonomy":"product","embeddable":true,"href":"https:\/\/www.trintech.com\/wp-json\/wp\/v2\/product?post=2233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}