Adra Balancer: Balance Sheet Reconciliation Software

We all love to think that the members of our finance and accounting team never make mistakes, but even the best do at one time or another because we are human. Those mistakes can lead to delays and even regulatory sanctions. With Adra Balancer, the processing of complex financial data is automated, thereby greatly reducing the frequency of errors while simultaneously increasing accuracy.

“Mistakes create rework not only for us, but also our clients so having a solution that gives us that visibility into the accuracy and quality of our people is critical.”

– Senior Managing Director & Head of BPO Operations, Auxis

Mountains of data that used to grind your operation to a halt can now be processed in a fraction of the time with better results. You’ll experience a significant uptick in efficiency during the reconciliation process as time-consuming manual tasks, like data entry and document management, are eliminated or greatly reduced. Your accounting and finance team will have more time to focus on value-added tasks that bolster your bottom line.

“Reconciliations are completed much more quickly than ever before. We recently completed all of our previous month’s reconciliations in six days, which was previously unheard of for us.”

 – Accounting Manager, AmeriCU

Adra Balancer automatically generates a comprehensive audit trail that integrates and records all comments, changes, and approvals that were part of the reconciliation process. No more wondering if there was something you might have missed. No more dreading internal or external audits. It’s all there, just as it happened, enabling you to breathe easier and focus on the next task, rather than having to waste time chasing down reconciliation errors.

“Our auditors have access to Adra so they are able to access all the information they need in one place, eliminating the need for our team to spend time manually compiling that data for them.”

– Internal Audit Manager, Douglas Dynamics

Adra Balancer’s Balance Sheet Reconciliation Software allows you to streamline workflows and reorientate important staff members away from manual processes and damage control, toward activities that will help you meet or exceed your growth targets – such as financial reporting and data analysis. And with senior managers no longer preoccupied with the troublesome minutia of the reconciliation process, your leadership team will have more time to chart a successful course through an ever-more-competitive business landscape.

“One of the biggest benefits is that Adra gave us visibility into the bottlenecks in our existing process and highlighted where we needed to make changes. You can’t continue to improve if you don’t have that initial visibility into how things are operating today.”

– Group Financial Controller, Bitstamp

By removing the potential for human error from the reconciliation process, Adra Balancer enables you to prevent anomalous entries and potentially problematic accounting discrepancies. This type of automation greatly diminishes the potential for risk, calling attention to and neutralizing errors before they manifest on financial statements and expose you to fraud allegations or bottom-line losses.

“Adra helps ensure that our work is accurate and in turn reduces the risk that we previously had with a highly manual process.”

– Accounting Manager, RE/MAX

Adra Balancer’s Balance Sheet Reconciliation Software enables you to monitor and track the reconciliation process via a single, centralized platform. All your different accounts and departments are brought together in a way that provides unprecedented transparency and control over every aspect of the reconciliation process.

“Adra Balancer creates calm and gives our closing process a good flow.”

– Finance Officer, LB Forsikring

Adra Balancer provides powerful collaboration tools that allow essential team members to work together in a more efficient and effective manner than ever before. Share comments, identify and resolve discrepancies, and collaborate on multiple reconciliations in real-time with near total transparency.

“We have all dependent tasks linked within the Adra Suite so the next person has visibility and is notified automatically when they can start the next step in the close process. I truly feel having the Adra solution has taken a load off my team’s plate that used to be spent tracking what journal entries and reconciliations have been completed.”

– CFO, Dallas Cowboys

Financial reporting has always been limited to painting a portrait of an organization as it was at a certain time in the recent past. With Adra Balancer reconciliation software, you can now generate automated reports on the state of your reconciliation and close process. This type of information will enable senior management to make decisions based on current information rather than making educated guesses. In addition, should a financial issue arise, you will be able to identify how it is manifesting in the moment and make data-driven decisions regarding how to respond.

“Our overall process has sped up considerably, which has allowed us to spend more time on analyzing the data. During the week of period-end close, we are now hosting sessions to actually review the reconciled numbers instead of rushing to get everything reconciled.”

– Financial Analyst, Condado Tacos