Adra Balancer
– Streamlines and digitizes your financial close process
– Full control from import and reconciliation preparation to final approval and review
– Real-time visibility of the financial close process
A faster, more reliable financial close process
Does your company reconcile hundreds, perhaps thousands of balance sheet accounts before each month-end reconciliation?
Then you also know the challenge of performing reconciliations under time pressure. Whether you use spreadsheets, binders or digital archiving, maintaining control and visibility is essential. You need all documentation in place at all times and an understanding of the status of every person and task.
This is where Adra Balancer helps you streamline and digitize finance work when closing the books each month. Adra Balancer is the software that addresses finance professionals’ challenges and needs for monthly financial reconciliation.
Trintech, which develops Adra Balancer, and Systemstöd collaborate on Adra applications for companies using Jeeves ERP and Sage X3 ERP systems.
Full control over month-end reconciliation
Adra Balancer gives you full control from import and reconciliation preparation to final approval and review. All information is transferred to a secure digital archive, so archive binders and copies are unnecessary. Throughout the process, you have real-time visibility and access to every detail, whether your task is to prepare, approve or review as a controller, risk manager, compliance manager, internal auditor or external auditor, or as a finance manager.
Increased productivity
Reconciliation guidelines and procedures for each reconciliation type and account are available regardless of employees’ geographical location, so every individual knows when and how to perform their work. This eliminates tasks that easily lead to errors, allowing employees to focus on reconciliation and approval instead. In addition to freeing up working time, automating this key process also significantly reduces printing costs.
Real-time visibility
Adra Balancer gives you continuous, direct insight into the status of reconciliation, how it is being prepared and how it is progressing. This covers the various preparation, approval and review roles, as well as reconciliation guidelines and processes.
Faster close with fewer risks
By streamlining and digitizing the month-end close process, Adra Balancer can help shorten the entire process by several days. At the same time, the usual trade-off between speed and accuracy is avoided by simplifying compliance checks and meeting the demanding requirements for close-process governance.
Simplified compliance checks
Adra Balancer simplifies checks on compliance with laws and regulations through reconciliation guidelines, specific procedures and predefined activities against which reconciliations are continuously quality-assured and approved. This continues through to the final closing balances. The software enables immediate tracking and creates traceability and an audit history. This is also digitally available for internal or external audits
Watch the Adra Balancer product video
Lisa Balkhag, Head of Accounting, Max Matthiessen
– With 25 years’ experience in the finance departments of various companies, and reconciliation work in particular, I immediately saw the efficiency improvements possible with Adra Balancer. Unfortunately, I believe many finance departments have been performing reconciliations in the same traditional way for a long time. Adra Balancer gives you a more enjoyable, modern, efficient and environmentally friendly approach to the company’s reconciliation work – Lisa Balkhag, Head of Accounting, Max Matthiessen