The Sparekassen Vendsyssel bank has experienced rapid growth in all areas within recent years, and made 4 takeovers of other local banks. Most of the region of Vendsyssel is now covered, with head office in Vrå and 18 branches around the area. There is also a branch in Copenhagen, opened in the summer of 2007.
“We can clearly see growth in the day-to-day routines we operate”
“That’s why we decided we had to do something – and the choice fell on Adra ACCOUNTS . Normally, SDC – Skandinavisk Data Center – is our system provider, but we opted for Adra ACCOUNTS in this instance, as it offered the best facilities now and in the future.”
We were up and running in just one day
“Adras consultant spent just one day on installation, setup and training, which I call really efficient and competent implementation. It could not have gone much better,” says a delighted Jens Andersen.
Fast, accurate reconciliation of our clearing account
“In the space of just two years, we have twice as many entries on our clearing account, which we use for things like buying and selling securities and foreign transfers. That’s why it has been a great relief that we can now do the monthly reconciliations in just a couple of hours – and with a much more accurate result than when we did it manually. Adra ACCOUNTS highlights if there is just one entry which does not fit. What’s more, we get a history of matched entries, and can quickly see all the open entries left to be accounted for.”
We can set up new accounts ourselves
“Naturally, we had to learn the system first, but Adra were very helpful in that respect. We can even set up our own new accounts now – which is a big advantage. So far, we have only set them up ‘one to one’ and not used the ‘many to one’ facility, in which the system makes its own suggestions for corresponding entries, regardless of how many there are.”
Future options with Adra ACCOUNTS
“We plan to use Adra ACCOUNTS to reconcile several internal accounts. That will save us a lot of time and free up personnel for other and more exciting work,” explains Andersen. “We have a lot of plans for Adra Match Accounts – and it has become an important tool for us.
We can now do the monthly reconciliations in just a couple of hours – and with a much more accurate result than when we did it manually – using Adra ACCOUNTS .
Accounts Manager Jens Andersen, Sparekassen Vendsyssel.