Period-end reconciliation
with Adra Balancer
If you work in a finance department, you are probably familiar with the challenge of performing period-end reconciliations under time pressure. Whether you use spreadsheets, binders or digital archiving, visibility and control are essential. You must always have documentation in place and know the status of every person and task involved in reconciliation.
This is where Adra Balancer helps you streamline and digitize finance work when it is time to close the books.
Does your company reconcile many balance sheet accounts before each month-end reconciliation?
Full control over month-end reconciliation
Adra Balancer gives you complete control and visibility from import and reconciliation preparation through to final approval and review. All information is transferred to a secure digital archive, eliminating the need for archive binders and copies of information.
What is Adra, who is it for, and what value does it provide to the user? Read more here
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, internal auditor, external auditor or finance manager.
“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. With Adra Balancer you gain a more enjoyable, modern, efficient and environmentally friendly approach to the company’s reconciliation work.”
Lisa Balkhag, Head of Accounting, Max Matthiessen
Increased productivity
With Adra Balancer, reconciliation guidelines and procedures for each reconciliation type and account are available regardless of employees’ geographical location, so every individual knows when and how their work should be performed.
This eliminates tasks that easily lead to errors, allowing employees to concentrate on reconciliation and approval instead. In addition to freeing up working time, automating this key process 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, 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.
Simpler 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.
