Financial Close Automation Software for Mid-Sized Organizations
Adra by Trintech automates and streamlines work, improves accuracy, and reduces risk – helping Finance & Accounting teams better manage the detailed process of the financial close. The platform seamlessly integrates with many financial systems, including ERPs, allowing you to close faster with confidence.
Save Time and Modernize Your Financial Close with Adra by Trintech
Managing the month-end close process is like navigating a Greek labyrinth: so many systems, so little time to reconcile them all, and no clear path forward. With Adra, we know things can be different. We believe that every member of your accounting team should be empowered — and that by automating basic matching and reconciliation tasks, we can give you time back to focus on the tasks that really matter to your organization’s growth. Adra by Trintech offers a unified platform for automating your financial close process, delivering substantial benefits at any stage of your automation journey.
Reduction in Time Spent Matching Transactions
Reduction in Time Spent on Bank Reconciliations
Reduction in Time to Close the Books
New Journal Entry Features In Adra
The new journal entry feature in Trintech’s Adra allows users to create journal entries leading to increased automation of the financial close process within the Adra suite.
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How We’ve Helped Ethos Group
Hear from Aaron Miller, Accounting Team Lead at Ethos Group, about why they use Adra and how it has helped his team move away from spreadsheets and manual reconciliations to a modern, automated close.
Adra by Trintech
Adra by Trintech ensures you can automate the financial close process directly from your existing systems. Intelligent insights allow you to close faster and with greater confidence. From multi-way transaction matching and workflow management to balance sheet reconciliations, Adra offers a solution to your greatest financial close challenges.
Multi-Way Transaction Management
Automated multi-way transaction matching with Adra Matcher lets your accounting team focus on handling only the exceptions.
Match transactions with bank statements, credit card statements, point of sale, merchant, third-party delivery services, and other external sources in a fraction of the time that manual processes take. Adra Matcher can read your data in its raw form, eliminating time spent cleaning up the information in your spreadsheets. With automated multi-way matching capability (3-way, 4-way, etc.), users can quickly set up match scenarios and deploy intelligent rules to automatically review one-to-one, one-to-many, many-to-one, and many-to-many matches. With our sophisticated matching engine, you’ll end up with fewer transactions to investigate so your finance teams can focus on researching and documenting the exceptions to fix unresolved matches more quickly.
“We have saved 50-70% on time spent on reconciliations each month. Thanks to Adra, we are finished with our reconciliations by the 10th of each month. I find it hard to imagine that there are still companies that do not reconcile automatically. We could never manage it!”
– Head of Funds Management, Marginalen Bank
Balance Sheet Reconciliations
Matched transactions seamlessly integrate into balance sheet reconciliations through Adra Balancer.
Take the repetition out of your balance sheet reconciliation process for a financial close that’s fast, accurate, and easy to manage. Streamlining repetitive tasks doesn’t just save time, it gives you time to concentrate on your most important accounts. Automatically reconcile accounts based on customizable variance thresholds and centralize data into one platform to increase visibility into your workflows and provide the data your finance teams need to improve them.
“Before Adra, we used Excel and it took approximately 40 hours per month to reconcile our accounts. Now it takes 20-25 hours – Reducing our reconciliation time by 50%!”
– Binswager Glass
Financial Close Task Management
Adra Task Manager provides centralized checklists and documents for visibility and control of the entire financial close process.
From checklists and task libraries to status updates, Adra Task Manager is your one-stop shop to manage month-end processes. Checklists ensure everyone on the accounting and finance team understands their role, increasing morale and avoiding needless confusion without the need for time-consuming calls or meetings. Built-in separation of duties and stronger internal controls mean you can assign work with confidence, reassigning as needed to avoid gaps and bottlenecks.
“In the past, we used to have staff meetings on a daily basis to track the close progress. Now it is just clicking on the dashboard t see the percentage of completion so that you can start following up with your teams and asking about potential delays. It is such a positive experience.”
– Senior Managing Director & Head of BPO Operations, Auxis
Real Time Insights and Analytics
Tailored reports and dashboards highlight successes as well as opportunities for improvement in Adra Analytics.
Narrow in on the details you need or zoom out to view the bigger picture of your month-end and its impact on your company’s financials. Track every activity throughout one period or over several periods. View close tasks, reconciliations, and information pertaining to your close in the tool of your choice with pre-configured and customizable reports in tools such as Power BI, Excel, or Tableau.
“Being able to generate strategic insights with agility was a key focus for us when we decided to implement the Adra Suite. It’s all about intelligence – ‘How can I turn data into intelligence?’ The value of the Adra Suite has been critical to our organization.”
– CFO, Dallas Cowboys
Adra Integrations: Powerful Together
While Adra’s solutions are system, source, and file-agnostic, their ability to operate in tandem with your preferred ERP is truly powerful. Adra integrates with many different ERPs globally and with our flexible integration points, there is no need to reformat the data from your ERP.
Too often, while compensating for the gap in the ERP’s capabilities, a large amount of data and tasks are taken outside of the system and managed manually. Maximize your NetSuite investment with Trintech’s pre-built NetSuite Connector for Adra.
With the breadth of solutions solved by Dynamics, there is an opportunity for improvement in financial close visibility, control, and efficiency. Maximize your Microsoft investment, with the first and only financial close solution embedded in Microsoft 365.
Adra and Planful deliver the premier end-to-end unified close process providing control and visibility from close to consolidate to report and plan. With an integrated platform, all finance teams gain visibility into the accounting close process.
Thousands of Customers Trust Trintech Worldwide
Adra by Trintech delivers proven ROI by empowering you to make data-driven decisions to facilitate business growth and reduce risk. Read the success stories below to learn how our customers reached their business objectives and improved their month-end close
From Excel To Adra For A Faster and More Efficient Financial Close
Read Case StudySince implementing Adra, Condado Tacos have:
- Automated matching and reconciliation processes
- Improved team productivity
- Gained access to a complete audit trail
We have a ton of cash-heavy stores and thay process was a huge hassle for us to manually track so having Adra to automate that process has been a significant win for us.”
The Cowboys Score an Automated Financial Close Touchdown
Read Case StudySince implementing Adra, The Dallas Cowboys have:
- Reconciled more efficiently and accurately
- Improved team moral and productivity
- Gained full control and visibility
Having Adra in place has taken a load off my team’s plate that used to be spent tracking what journal entries and reconciliations have been completed.”
Manual Financial Close Processes No Longer Sustainable
Read Case StudyAdra has helped Bitstamp to:
- Automate their account reconciliations and close tasks
- Gain greater control across their financial close
- Increase the accuracy of their reported numbers
Prior to using Adra, it was just ‘do and no time for review’. We now have the comfort of ‘completeness’ – something we didn’t have before with a manual process.”
US Restaurant Chain Serves Up Increased Efficiency and Visibility
Read Case StudyAdra helped Ruby Slipper Café to:
- Shave off 3-4 days from their close period
- Remove 3rd parties and do reconciliations in-house
- Gain full control and visibility into the month-end close
Prior to Adra, we kept everything in Excel, and it took us 11 business days to close the books. Having Adra enabled us to trim our close down by 3-4 days.”
