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Adra Financial Close

Status: Unverified

Adra® by Trintech delivers four products that work together to automate and streamline month end close work, improve accuracy and reduce risk, and better manage the detailed process of the financial close with NetSuite. The Suite integrates seamlessly with NetSuite so you can trust your numbers, free up time, and close faster by putting finance managers and their staff back in control with full real-time visibility, accuracy, and compliance throughout the entire financial close process.

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Description

Streamline and Digitize Your Reconciliation Process

Adra by Trintech fully supports Reconciliation Management with both:

  • An advanced and effective transaction matching software that supports automatic reconciliation of any kind of data. All forms of financial and operational reconciliations are supported, and focus can be directed exclusively to exceptions to efficiently ensure the accuracy of data.
  • Balance sheet account reconciliation during the financial close with standardized substantiation template. The streamlined workflow and detailed audit trail give integrity to the reconciled balances.

Key Benefits

Adra Matcher – begins the process of optimizing your financial close by replacing the time-consuming, repetitive task of transaction matching with automation. Matching can happen daily, so transactions don’t accumulate until the month end when you need time for balance sheet reconciliations and reporting.

Matching transactions with bank statements, credit card statements and other financial or non-financial external sources happens in a fraction of the time that paper-based processes take. Your team can spend more time on the unmatched transactions exceptions, improving the accuracy and reliability of your close.

Adra Balancer – brings the speed, accuracy and control you’ve been craving in your balance sheet reconciliation process. By automatically reconciling low-risk accounts, our solution lets your preparers focus on balances for accounts receivable, accounts payable and other key accounts.

Adra Balancer also lets the accounting manager quickly identify bottlenecks and potential write-off risks, while housing all the substantiation and documentation required to provide full visibility into your balance sheet. If a balance changes after it is certified, preparer and approver are automatically alerted to re-validate the account. Instant tracking of each reconciliation creates an audit trail that is readily available to any internal or external reviewer.

Adra Task Manager – brings your team and its knowledge and wisdom together in one place. By centralizing detailed task lists and controls, everyone on the finance team knows what needs to be done every step of the way. Now, managers can have full visibility of the close process. Your daily close meetings will focus on bottlenecks and potential issues instead of status updates – a much better use of your team’s valuable time.

Adra Task Manager automatically documents the progress of each item on your to-do list. You will save time by standardizing tasks, improving the flow of information and adopting best practices.

Customer Quote

“There were several reasons why we decided to implement Adra Balancer, including that the solution was paperless, allowed for a remote review and approval process, provided visibility into the status of the balance sheet reconciliation process and met the needs of our Financial Accounting policy.” – Dawn Hill, Accountant

Trintech Adra and NetSuite Integration

This NetSuite Integration retrieves general ledger account balances from the client’s NetSuite system for use in Trintech Adra’s Balancer Period End reconciliation solution. The integration:

  1. Retrieves the General Ledger Balances
  2. Encrypts and interfaces with Adra’s API for easy integration

Customers can configure the SuiteApp to choose:

  • The Accounts and Subsidiaries that are relevant to send
  • The frequency and schedule of the transmission of data
FEATURES

Adra Balancer: Period end Reconciliation

Adra Balancer streamlines and digitizes the financial close Balance Sheet reconciliation process.

Key highlights:

Automate and Streamline:

  • Adra Balancer connects to several ERP systems for enhanced integration with the general ledger. Low-risk accounts are automatically reconciled based on predefined business rules. If no errors are found within a defined deviation, accounts need no further review. Preparers can focus on priority accounts, and the relevant reconciliation policies and procedures are easy to find.

Easy Document Upload and Storage:

  • All supporting documents, including invoices, purchase orders, bank statements and information on outstanding items, can be uploaded to the cloud. No more lost or overwritten documentation. No more binders.

Fully Archived Audit Trail:

  • Auditors love Adra Balancer because it produces audit-ready balance sheet reconciliations. They have access to the financial close process and all of the important documentation.

Adra Matcher: Transaction Matching

Adra Matcher begins the process of optimizing your financial close by replacing the time-consuming, repetitive task of transaction matching with automation.

Key highlights:

Powerful Matching Engine:

  • It all starts with our data-matching software that was built from ground-up, specifically for the challenges of the office of finance. We enable users to quickly build and deploy intelligent rules to review  one-to-one, one-to-many, many-to-one and many-to-many matches.

Easily load native data:

  • Our software can read your data in its raw form, eliminating time spent time cleaning up the information in your spreadsheets. Ultimately, this helps to prevent data from accidentally being lost during extraction and import or during formatting.

Exception Management:

  • With our sophisticated matching engine, you’ll end up with fewer transactions to investigate. Your team can focus their energy on researching and documenting the exceptions and fix unresolved matches more quickly.

Adra Task Manager: streamlining the financial close and other processes

Adra Task Manager is purpose-built for finance teams and for recurring processes. It’s designed to make it easy to create, build and manage world-class processes.

Key highlights

Templates and Library:

  • With Adra Task Manager you can build task lists with clear and concise instructions that create ownership and accountability. Create folders for accounts receivable, accounts payable, accruals, cash and other major accounts. You’ll be able to keep documents organized and eliminate clutter. The solution’s setup includes documenting policies and procedures to ensure consistent behavior.

Built-In Dashboards:

  • To communicate information clearly and efficiently, Adra Task Manager presents data in a visual context. Its dashboards provide real-time feedback, allowing managers to check progress anytime, anywhere and identify any issues that need immediate attention.

Notifications and Alerts:

  • Adra Task Manager provides transparency into the close process making it easier for users and managers to collaborate. Additionally, notifications and alerts keep everyone on task, and comments are archived to streamline communications.

Workflow and Audit Trails:

    • The solution’s approval workflow and built-in segregation of duties provides governance and control, and an audit trail is automatically created to allow for consistent tracking of every event within a task.

SaaS software

Adra by Trintech is a Financial Close solution provider who has developed software specifically for the Cloud.

Key highlights:

  • Runs on a highly secure cloud platform; which has the most extensive standards compliance of any cloud vendor
  • Fully encrypted in transit (using the Transport Layer Security TLS/SSL Protocol) and at rest (using AES256 encryption).
  • Modern technology: 100% browser based client using HTML5 & CSS3
  • Designed for ease of use and implementation

360 Customer Success

The 360 Customer Success program is our promise to you. We will make sure the implementation is a success, that all users are on-board and have adopted the solution. We will continuously assist you in your efforts to improve your finance process.