Case Study

Clas Ohlson

Increasing the Efficiency and Accuracy of the Balance Sheet Reconciliation Process

Clas Ohlson saves time, money and staff by automatically reconciling with Adra® by Trintech.

Clas Ohlson | Adra by Trintech Case Study Financial Close Automation

Clas Ohlson is a Swedish home improvement chain and mail-order firm that specialises in hardware, home, leisure, electrical and multimedia products. Founded in 1918, it is headquartered in Insjön, Sweden with its finance operations dispersed globally. It currently has 5,000 employees across the globe with annual revenues of $8.21M.

Since implementing Adra, Clas Ohlson can now reconcile their 54 Swedish stores in an hour, whereas before it took several days out of the month. The accounting staff can now focus their time and energy on the exceptions (the accounts that are still open) since automatic reconciliation clears all transactions that match each other.

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