Reconciling transactions is one of the most time-consuming and manual parts of the financial close. With automation, you can quickly perform transaction matching and rapidly enhance the accuracy and regulatory compliance of all resulting financial statements.
Improve Data Quality
Enhance Visibility into Cash
Optimize Your Transaction Matching Process
With automation, matching transactions with bank statements, credit card statements, point of sale, merchant, 3rd party delivery services, and other external sources happens at a fraction of the time that manual processes take. This frees up time to spend on unmatched transactions exceptions – improving the accuracy and reliability of your close.
Minimal Focus on Exceptions
The biggest challenge to the accuracy of your reconciliations process is the sheer volume of data involved each month which can be coming from many different sources. With an automated solution you’ll have fewer transactions to investigate so you can focus on researching and documenting the exceptions and fix unresolved matches. This takes the pressure off your teams and reduces the risk of low matching rates or errors that could result in write-offs for your organization.
Manual Repetitive Tasks
Manually matching and reconciling transactions takes away from time that could be spent adding value to your organization. Once data from ERPs and other sources is compiled, automation works to standardize and enrich data as it loads; this process immediately results in strong auto-matching rates. Then, exceptions are automatically created for unmatched items, and quickly taken through a well-defined and configurable process for resolution by your team.
Lack of Confidence in Data Quality
A single slip of a finger can add or remove a number, throwing your figures completely off and even in the hands of a highly-trained expert, human errors occur. Replace the time-consuming, repetitive task of transaction matching by allowing an automated solution to read your data in its raw form and eliminate time spent cleaning up the information in your spreadsheets. This reduces the risk of data accidentally being lost during extraction and import and prevents errors during formatting.
Transaction Matching Solutions For Any Industry
Learn More About Transaction Matching
Evolve your transaction matching processes to best-in-class
5 Ways to Improve Your Transaction Matching Reconciliation Process
Every sale translates into a transaction that needs to be properly reconciled. For most organizations, the amount of transactions they …
4 Challenges Facing High-Volume Transaction Matching
High-volume transaction matching is a crucial part of completing reconciliations and ultimately can impact the overall efficiency of your monthly …
For over ten years, Modhi Norge has used Adra solutions. The company is one of Norway’s leading agencies in payment …
Mestergruppen is one of Scandinavia’s largest corporations in building materials, housing, and real estate. Prior to implementing Adra, Mestergruppen spent …
SAP S/4HANA & Adra by Trintech
Enhance Your SAP S/4HANA environment to create a comprehensive solution Combining the breadth of functionality within SAP S/4HANA with the …
Hobbycraft Leverages Automation for Greater Efficiency and Control across the Financial Close Hobbycraft is the UK’s largest arts and crafts …
The ROI of High-Volume Transaction Matching
Transaction matching is one of the foundational financial processes that any company is required to perform. However, for companies that …
Automation: The Perfect Match to Your Growing High-Volume Transaction Challenges
It’s the month of love and we are ready to introduce you to your perfect match! As a growing F&A …
Automated Financial Close With Adra And Microsoft Dynamics 365 Business Central
Financial close management software that integrates easily Certified by Microsoft and available on Microsoft AppSource, the Adra Suite of Solutions …