LB Forsikring has Streamlined the Financial Close Process with Adra® by Trintech

We use Balancer as soon as we start our closing process. We have day-to-day updates of balances, and that gives a more uniform reconciliation because we also have controllers to look at the assignments. Once they have approved a task, you can focus on the next one. It creates calm and gives a good flow.”

We use Matcher primarily for bank reconciliations, and it has provided a far better audit trail than in an Excel sheet, where it is difficult when the audit comes three months later and asks what has been offset, etc. We also use Matcher for 1:1 reconciliations on larger transaction accounts. It has clearly improved our process for bank reconciliations.”

Task Manager controls the processes in our period end. A task list gives an overview of what we have to go through in order to close the month, quarter, six months or year. You can set up dependencies, so certain tasks are solved before others, which gives a streamlined process. We also put in other tasks – e.g. reports or notes for the annual report – so we get it all done on time and get the documentation uploaded.”