Setting Up Automated Reconciliations in Cadency – SaaS

📘 Overview:

Automated reconciliations in Cadency help streamline your financial close process, ensuring transactions are accurately matched and discrepancies are identified quickly. This guide walks you through how to set up automated reconciliations effectively.

🪜 Step 1: Access the Reconciliation Module

Log in to your Cadency account.
Navigate to the Reconciliation module from the main dashboard.

⚙️ Step 2: Configure Reconciliation Settings

Click on the Settings ⚙️ icon within the Reconciliation module.
Select Automated Reconciliation from the available options.
Customize your reconciliation settings:
- Define Matching Rules: Specify criteria for matching transactions (e.g., date range, amount thresholds).
- Set Frequency: Choose how often automated reconciliations should run (daily, weekly, monthly).

🔗 Step 3: Integrate with Source Systems

Go to the Integrations tab in the Reconciliation settings.
Connect Cadency with your relevant source systems (e.g., ERP, accounting software) to pull in transaction data automatically.
Ensure the integration is correctly configured to enable real-time data synchronization.

🧪 Step 4: Test the Automated Reconciliation Process

After configuration, run a test reconciliation.
Review the results to confirm transactions are matched correctly based on your defined rules.
Adjust the matching criteria or integration settings as needed based on test outcomes.

📊 Step 5: Monitor and Review Reconciliations

Regularly review the reconciliation dashboard for metrics and reports on automated reconciliations.
Set up alerts 🔔 for discrepancies or issues identified during reconciliation to address them promptly.

💡 Additional Tips:

Ensure all users involved in the reconciliation process have the appropriate permissions to access modules and settings.
Align matching criteria with your organization’s finance policies and compliance requirements.
For ongoing support, refer to the Cadency User Manual or contact Trintech Support.

🆘 Need Further Assistance?

If you have questions or need help setting up automated reconciliations, please contact our Support Team or refer to the Cadency User Manual in the Help Center.