Adra Balancer: 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.
Increase Confidence through Audit-Ready Reconciliations
With Adra Balancer, accounting teams can identify bottlenecks and potential write-off risks, and it houses all substantiation and documentation required to provide full visibility into the balance sheet. If a balance changes after it is certified, the preparer and approver are automatically alerted to re-validate the account and an audit trail is instantly updated and available to any internal or external reviewer.
Fast, Easy Reconciliation Preparation
Increase Productivity by Prioritizing Workflows
Simplify Compliance with Instant Tracking
See Adra Balancer in Action
Adra Balancer Demo on Demand
Adra Balancer and Matcher: Simplifying the Account Reconciliation Process
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Powerful Features for Faster, Accurate Reconciliations
Streamlined Connectivity
Directly connect to your ERP system for an enhanced integration with the general ledger. Low-risk accounts are automatically reconciled based on configurable threshold rules, and if no errors are found within a defined deviation, then no further review is needed – saving your team time.
Central Document Library
All supporting documentation – including invoices, purchase orders, bank statements and information on outstanding items – can be uploaded to the cloud. No more lost or overwritten documentation, and no more interpreting handwritten notes.
Your Audit: Fully Automated
Produce audit-ready balance sheet reconciliations with just a click. Auditors, both internal and external, have access to the financial close process and important documentation based on credentials that you configure.
Spreadsheet-based Reconciliations
If you prefer to remain in spreadsheets, Adra Balancer can still bring the benefits of automation and control. Keep working in existing spreadsheets—then just tag and upload. The platform will still auto-reconcile, track changes, centralize documentation, and maintain a secure audit trail without a complete process overhaul.
Faster Variance Insight
AI-Assisted Variance Analysis highlights balance changes and suggests likely drivers – so teams can quickly see what changed and why.
The Benefits of Trintech’s Adra Balancer: Balance Sheet Reconciliation Software for Mid-Market Companies
Adra Balancer’s Balance Sheet Reconciliation Software provides an array of benefits for organizations, including:
Increased Accuracy
We all love to think that the members of our finance and accounting team never make mistakes, but even the best do at one time or another because we are human. Those mistakes can lead to delays and even regulatory sanctions. With Adra Balancer, the processing of complex financial data is automated, thereby greatly reducing the frequency of errors while simultaneously increasing accuracy.
“Mistakes create rework not only for us, but also our clients so having a solution that gives us that visibility into the accuracy and quality of our people is critical.”
Senior Managing Director & Head of BPO Operations, Auxis
Greater Efficiency
Mountains of data that used to grind your operation to a halt can now be processed in a fraction of the time with better results. You’ll experience a significant uptick in efficiency during the reconciliation process as time-consuming manual tasks, like data entry and document management, are eliminated or greatly reduced. Your accounting and finance team will have more time to focus on value-added tasks that bolster your bottom line.
“Reconciliations are completed much more quickly than ever before. We recently completed all of our previous month’s reconciliations in six days, which was previously unheard of for us.”
– Accounting Manager, AmeriCU
An Accurate, Reliable Compliance and Audit Trail
Adra Balancer automatically generates a comprehensive audit trail that integrates and records all comments, changes, and approvals that were part of the reconciliation process. No more wondering if there was something you might have missed. No more dreading internal or external audits. It’s all there, just as it happened, enabling you to breathe easier and focus on the next task, rather than having to waste time chasing down reconciliation errors.
“Our auditors have access to Adra so they are able to access all the information they need in one place, eliminating the need for our team to spend time manually compiling that data for them.”
– Internal Audit Manager, Douglas Dynamics
Enhanced Productivity
Adra Balancer’s Balance Sheet Reconciliation Software allows you to streamline workflows and reorientate important staff members away from manual processes and damage control, toward activities that will help you meet or exceed your growth targets – such as financial reporting and data analysis. And with senior managers no longer preoccupied with the troublesome minutia of the reconciliation process, your leadership team will have more time to chart a successful course through an ever-more-competitive business landscape.
“One of the biggest benefits is that Adra gave us visibility into the bottlenecks in our existing process and highlighted where we needed to make changes. You can’t continue to improve if you don’t have that initial visibility into how things are operating today.”
– Group Financial Controller, Bitstamp
Reduced Risk
By removing the potential for human error from the reconciliation process, Adra Balancer enables you to prevent anomalous entries and potentially problematic accounting discrepancies. This type of automation greatly diminishes the potential for risk, calling attention to and neutralizing errors before they manifest on financial statements and expose you to fraud allegations or bottom-line losses.
“Adra helps ensure that our work is accurate and in turn reduces the risk that we previously had with a highly manual process.”
– Accounting Manager, RE/MAX
Greater Control Over the Reconciliation Process
Adra Balancer’s Balance Sheet Reconciliation Software enables you to monitor and track the reconciliation process via a single, centralized platform. All your different accounts and departments are brought together in a way that provides unprecedented transparency and control over every aspect of the reconciliation process.
“Adra Balancer creates calm and gives our closing process a good flow.”
– Finance Officer, LB Forsikring
More Effective Communication and Collaboration
Adra Balancer provides powerful collaboration tools that allow essential team members to work together in a more efficient and effective manner than ever before. Share comments, identify and resolve discrepancies, and collaborate on multiple reconciliations in real-time with near total transparency.
“We have all dependent tasks linked within the Adra Suite so the next person has visibility and is notified automatically when they can start the next step in the close process. I truly feel having the Adra solution has taken a load off my team’s plate that used to be spent tracking what journal entries and reconciliations have been completed.”
– CFO, Dallas Cowboys
Automated Reporting
Financial reporting has always been limited to painting a portrait of an organization as it was at a certain time in the recent past. With Adra Balancer reconciliation software, you can now generate automated reports on the state of your reconciliation and close process. This type of information will enable senior management to make decisions based on current information rather than making educated guesses. In addition, should a financial issue arise, you will be able to identify how it is manifesting in the moment and make data-driven decisions regarding how to respond.
“Adra Balancer by Trintech ensures that our monthly reports are accurate while saving our team hours of manual labor that are now better spent on high-value initiatives.”
– Controller, Autohuset Vestergaard
“There is an automatic reconciliation and approval of zero balance and/or unchanged balances within Adra Balancer, reducing the number of reconciliations we are having to do each month.”
“Adra Balancer improved our control over the reconciliation process and provided real-time visibility into its progress. The accounting team can now use their time far more efficiently and are able to complete the reconciliation process much quicker. The solution has also given the team visibility into every task performed by each team member. The enhancements enable the team to set priorities.”
“Reconciliations are completed much more quickly with Adra Balancer than ever before. We recently completed all of our previous month’s reconciliations in six days, which was previously unheard of for us.”
