Balance Sheet Reconciliation Software. Enhance the balance sheet reconciliation process with speed, accuracy, and control by using Adra Balancer to automatically handle low-risk accounts, allowing your preparers to concentrate on key accounts like receivables and payables, while centralizing substantiation documents, workflows, and comments.
Vendor
Trintech
Company Website

Overview
Adra Balancer is a balance sheet reconciliation software designed to enhance the speed, accuracy, and control of the reconciliation process. It automates the handling of low-risk accounts, allowing accounting professionals to focus on key areas such as receivables and payables. The software centralizes substantiation documents, workflows, and comments, providing full visibility into the balance sheet and streamlining the financial close process. Adra Balancer connects directly to your ERP system, enhancing integration with the general ledger. Low-risk accounts are automatically reconciled based on configurable threshold rules, eliminating the need for manual review if no errors are found within a defined deviation. The system features a central document library where all supporting documentation – including invoices, purchase orders, and bank statements – can be uploaded to the cloud, preventing lost or overwritten documents. Adra Balancer automatically generates a comprehensive audit trail, integrating and recording all comments, changes, and approvals made during the reconciliation process. This ensures that internal and external auditors have access to the financial close process and important documentation based on credentials that you configure.
Features
- Streamlined Connectivity: Direct connection to your ERP system for enhanced integration with the general ledger, enabling automated reconciliation of low-risk accounts.
- Central Document Library: Cloud-based storage for all supporting documentation, eliminating lost documents and handwritten notes.
- Automated Audit Trail: Comprehensive audit trail that integrates and records all comments, changes, and approvals, simplifying internal and external audits.
- Automated Reporting: Generate automated reports on the state of your reconciliation and close process.
- Collaboration Tools: Share comments, identify and resolve discrepancies, and collaborate on multiple reconciliations in real-time.
Benefits
- Increased Accuracy: Automates complex financial data processing, reducing errors and increasing accuracy.
- Greater Efficiency: Processes data quickly, eliminating time-consuming manual tasks and freeing up finance teams for value-added activities.
- Accurate, Reliable Compliance and Audit Trail: Automatically generates a comprehensive audit trail, making audits easier and more efficient.
- Enhanced Productivity: Streamlines workflows and allows staff to focus on activities that drive growth.
- Reduced Risk: Prevents errors and accounting discrepancies, reducing the potential for fraud and losses.
- Greater Control: Provides a centralized platform for monitoring and tracking the reconciliation process.
- More Effective Communication and Collaboration: Facilitates real-time collaboration among team members.