Overview

Adra by Trintech is a financial close automation software designed to streamline and automate the financial close process for mid-sized organizations. It helps finance and accounting teams better manage the detailed and often complex procedures involved in the month-end close. The platform seamlessly integrates with various financial systems, including ERPs, enabling faster and more confident financial closes. Adra addresses the challenges of managing the month-end close process, which often involves navigating multiple systems, tight deadlines, and reconciliation complexities. Adra empowers accounting teams by automating basic matching and reconciliation tasks, freeing up time to focus on strategic activities that drive organizational growth. It offers a unified platform to automate the financial close process, delivering significant benefits at any stage of automation.

Features

• Multi-Way Transaction Management: Adra Matcher automates multi-way transaction matching, allowing accounting teams to focus on handling exceptions. It matches transactions from bank statements, credit card statements, point of sale systems, and other external sources, significantly reducing the time spent on manual processes. The system can read data in its raw form, eliminating the need for extensive data cleanup in spreadsheets. With sophisticated matching capabilities, Adra Matcher enables users to 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.
• Balance Sheet Reconciliations: Adra Balancer automates and streamlines balance sheet reconciliations. Matched transactions seamlessly integrate into balance sheet reconciliations, facilitating a fast, accurate, and easy-to-manage financial close. The system automatically reconciles accounts based on customizable variance thresholds and centralizes data into one platform, increasing visibility into workflows and providing data for continuous improvement.
• Financial Close Task Management: Adra Task Manager provides centralized checklists and documents for visibility and control of the entire financial close process. It offers checklists, task libraries, and status updates, ensuring that everyone on the accounting and finance team understands their role. The system includes built-in separation of duties and stronger internal controls, allowing for confident task assignment and reassignment to avoid gaps and bottlenecks.
• Real-Time Insights and Analytics: Adra Analytics delivers tailored reports and dashboards that highlight successes and opportunities for improvement. Users can track every activity throughout one period or over several periods and view close tasks, reconciliations, and information pertaining to the close in their preferred tool, with pre-configured and customizable reports available in tools such as Power BI, Excel, or Tableau.
• Integrations: Adra integrates with many different ERPs globally, and with flexible integration points, there is no need to reformat the data from your ERP.