Banking on a More Efficient Financial Close

Streamline and automate your reconciliation and financial close processes to keep up with the increasing complexities and evolving regulations within the banking and finance industry.

Western & Southern achieve a world-class financial close

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Effectively Manage Your Financial Close, Automate Reconciliations and Provide Valuable Insight

Regulatory compliance and financial risk are ever-present and ever-changing threats within banking and finance; however, increased security and efficiency can be gained by automating your reconciliations and financial close.

Any institution that plans to scale their business while maintaining strict compliance standards needs to efficiently complete their reconciliations, monitor their task lists and establish risk management controls throughout the entire process – which is next to impossible with manually maintained spreadsheets.

Accelerate your month-end

Reduce risk through adequate controls

Ensure accuracy of your numbers

Accelerate Reconciliations

Automating the balance sheet reconciliation process takes the headache out of manually correcting and updating hundreds of spreadsheets. Instead of several days or weeks being allocated to a portion of the financial close, the turnaround for reconciliations is accelerated, keeping all financial employees on top of the close.

Streamline the Close Workflow

Automation can streamline your workflow by taking over the routine work and leaving the larger, more complex tasks in the hands of accountants. Instead of spending two to three weeks gathering all spreadsheets and documents, and pushing tasks through the review and approval process, you could shrink the time spent on the financial close cycle by up to 50%.

Reduce Human Error and Mistakes

Instead of waiting for mistakes and their possible consequences to happen, your organization can drastically reduce the number of errors, imbalances, and more by automating the balance sheet reconciliation process. Catching minor mistakes prevents them from compounding into inaccuracies further along.

See What Your Colleagues Are Achieving

By using Adra Balancer, Toyota Financial Services has:

Reduced manual effort of conducting reconciliations
Gained full control, visibility and greater accuracy
Simplified working routines

I was very tired of using Excel as a professional tool for established processes. It is good as an ad hoc solution but useless for established processes.”

Robert Erkers Finance Manager

Adra has helped Bitstamp to:

Automate their account reconciliations and close tasks
Gain greater control across their financial close
Increase the accuracy of their reported numbers

Prior to using Adra, it was just ‘do and no time for review’. We now have the comfort of ‘completeness’ – something we didn’t have before with a manual process.”

Gillian Gallimore Group Financial Controller

By using Cadency, Western & Southern Financial has:

Standardized workflows
Automatically matched 70% of transactions
Gained more timely reconciliation reporting

There’s never enough transparency. But we’re changing that with Trintech’s solutions. They offer us real-time visibility into these activities that we just didn’t have before.”

Jason Nickles Director of Corporate Accounting

Trintech has helped Lookout Credit Union to:

Reduce the time spent on bank reconciliations
Gain visibility into their financial close
Increase the quality and accuracy of their financial reports

“You never know when you try something whether it is going to meet your expectations, and Adra has met my expectations.”

Steven Coats Accountant

Connect Your Data With Our Universal Plug and Play ERP Integrations

What is needed to transform and revolutionize the office of finance is an enterprise system of controls that enables an efficient close with accurate and reliable reporting. This system of controls needs to work closely with your financial system of record, for example, your ERP system, to enable activities such as transaction account matching, GL reconciliations, close tasks, journal entries, or even compliance testing while extending into your office of finance’s ecosystem for controls in treasury, tax, reporting and more.