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 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.
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.