Argus Media Gains Full Visibility and Control Over the Financial Close Process with Adra® by Trintech
Case Study
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Since implementing Adra, Argus Media has achieved greater standardization, efficiency, and visibility across the financial close process. By automating over 235+ tasks in Adra Task Manager, Argus Media can take control of their repetitive tasks and has complete visibility into each task through real-time dashboards. Spending less time on manual tasks has taken the stress off all team members and has allowed them to realign tasks more effectively.
About Argus Media
Argus Media is an independent media organization headquartered in London that serves four main regions, the Americas, Europe, Asia, and CIS – Eastern Countries. Before implementing Adra, the global organization struggled to communicate effectively across regions, often chasing people in different time zones for crucial information to complete the close process. Their manual processes and ineffective communication created a lack of visibility and decentralized processes across their financial close, leading to bottlenecks that further delayed the entire finance operation.
Why Adra® by Trintech?
Argus Media was looking for a financial close automation solution that could standardize processes across all regions and provide real-time insights into their financial close status, regardless of time-zone differences. In addition, they needed a solution that provided accountability for their team into who owns what, identifying bottlenecks in the process, and the capability to integrate with multiple systems to pull and transfer data, including their ERP, NetSuite®.
Argus Media implemented Adra Task Manager to streamline and automate their financial close management. The Argus Media team worked closely with the Trintech team to deploy Adra for a seamless implementation.
ROI Achieved
By automating over 235+ tasks in Adra Task Manager, Argus Media can take control of their repetitive tasks and has complete visibility into each task through real-time dashboards, allowing everyone on the team to see the close status in real-time and removing the need for status update meetings that were wasting 30-40 minutes every day. With this view, every deadline is clear, overdue tasks are flagged, and workflow bottlenecks are no longer stalling their team. Adra has increased the overall productivity and morale of the Argus Media team because they are no longer wasting valuable time trying to find who owns what by utilizing Adra’s task lists feature, which creates ownership and accountability across the organization.
Argus Media now runs efficiently by streamlining their processes with Adra, completing the close in 5-7 days. Also, they’ve seen a return of 8 additional hours per week because they’re not having to spend time going through a checklist in NetSuite. Spending less time on manual tasks has taken the stress off all team members and has allowed them to realign tasks more effectively.
Looking ahead, Argus Media plans to continue to standardize processes with Adra Task Manager and further improving their operations by deploying Adra Balancer to help automate their balance sheet reconciliations.
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