Blog

Drive a Fast and Accurate Accounting Close

Adra® by Trintech and Microsoft Dynamics 365 Integration

Controllers and CFOs’ insatiable appetite for automating all aspects of back-office finance including the accounting close, continues to drive integrations of ERP and accounting, and robust point solutions. The recently announced integration of Adra® by Trintech financial close and reconciliation software and Microsoft Dynamics 365 Finance is further evidence that this trend shows no signs of slowing.

A fast and accurate close was what the Dallas Cowboys wanted — and they gained a fast financial close process with Adra.

A great example of the Trintech and Microsoft Dynamics 365 Finance integration is Danica Pension, one of the largest pension companies in Denmark with more than 800,000 customers. In this case study, Danica Pension eliminated manual work and gained real-time visibility and control into their balance sheet reconciliations with Adra® by Trintech. Adra® reconciles the whole transaction-side of the investment in a 3-step process by entering the investment as a transaction and sending the transaction to their GL system. Next, the integrated Microsoft Dynamics aggregates all transactions to send to the bank. Finally, Adra® reconciles each one of the steps.

Benefits Gained with the Strategic Partnership and a Fast and Accurate Close

Some of the benefits of the Trintech/Microsoft integration realized by corporate accounting and finance organizations include:

  • Visibility across all tasks in the financial close process
  • Control and automation of reconciliations
  • Shortened close cycle through efficiency gains
  • Automated notifications of balance changes throughout the close
  • Reduction in write-offs

Adra® is a proven and effective solution used by over 1,800 organizations around the world. The Adra Suite provides cloud-based, financial close and reconciliation solutions for companies looking to quickly increase the efficiency, control and visibility for all key areas of the financial close process including: balance sheet reconciliations (Adra Balancer), transaction matching (Adra Matcher), financial task management and controls (Adra Task Manager), and reporting (Adra Analytics).

To learn more about this powerful integration between Microsoft Dynamics 365 and Trintech, check out these relevant resources.

ADDITIONAL RESOURCES:

2021 Global Financial Close Benchmark Report

Changing Roles of Controllers and CFOs Study

Guide to Modernizing Your Reconciliation Process

Best Practices for Your Financial Close from Baker Tilly

 

This article was originally published by Controllers Council here.