Last week was a bad week for Tesco and its investors. After a whistleblower in the finance department came forward to alert senior executives as to a potential accounting black hole, chief executive Dave Lewis was forced to admit that Tesco had overstated their profits by a whopping £250m for the first half of 2014 […]

In the heart of every finance professional – Accountant, Accounting Manager or CFO – is the desire to be economical. If finance professionals are not convinced that a purchase is necessary, if they are not convinced that it will deliver the benefits claimed or achieve a positive RoI, then it is the job of finance […]

Financial Consultants Whitechurch rely on Adra Match ACCOUNTS for speed, accuracy and reporting in transaction matching reconciliation. Imagine manually matching 5,000 transactions each day, with accuracy down the penny. Sounds like a pretty tough task, right? That’s the situation Whitechurch Securities, a financial planning firm, found themselves in – and needless to say it was […]

The Kuoni Group comprises 46 brands globally, meaning lots of bank and intercompany account reconciliations! This is how they got in control. The Challenge The Kuoni Group comprises 46 brands globally, meaning lots of bank and intercompany account reconciliations! Their UK offices reconcile over 5,000 bank transactions each and every month. Kuoni were originally using […]

We often talk about how purpose-built accounting software can help revolutionise your month-end reconciliation process – applying technology to such a painstakingly long task just makes good business sense. But you shouldn’t take our word for it:  let’s hear from some of our existing customers to see how they have overcome their own accounting challenges […]

US accounting watchdog, the Public Company Accounting Oversight Board (PCAOB), warns of ‘significant (internal) audit deficiencies’ that may be leading to corporate fraud.  Internal control procedures are important to businesses to help protect against financial misstatement and fraud. Yet, according to page 4 in the report by the PCAOB, internal controls have been found to be […]

Problem: If your financial coordinators and directors hardly trust the month-end close numbers, is your financial reporting GAAP “compliant”?  Survey results show that only 19% of financial controllers and directors rely completely on their reported figures. Given that accounting standards worldwide are rooted in the belief that financial reports are as reliable as possible, it […]

Isn’t it time to transform your stressful monthly close process into a quick and easy electronic workflow.  A few weeks ago Adra Match launched BALANCER – the next generation in financial reconciliation software – to a crowd of over 11,000 attendees at Microsoft Convergence 2013. It was embraced and loved! As such, Adra Match is […]

Recently the Adra Match team travelled across the Atlantic to New Orleans, Louisiana, to take part in Microsoft Convergence 2013. This annual conference draws crowds from across the world, keen to uncover new ways of delivering better business value to their customers with Microsoft Dynamics ERP & CRM solutions and all other connected partner technologies.  […]

Managing international accounts reconciliation can throw up a number of compatibility issues, but would increased convergence of accounting standards improve these challenges? The idea of convergence – defined by international regulators as the development of a single set of high-quality, international accounting standards – has been around since the 1950s. The end of World War […]