International retailer automates account reconciliation to increase financial flexibility and improve efficiency.
Crabtree & Evelyn, an international retailer of natural health and beauty products uses Adra, the leading supplier of automated financial account reconciliation software, to streamline their account reconciliation process.
In today’s tough economy it is essential for organisations to take control of their cash management and financial ACCOUNTS to increase financial control and reduce operational risk. Crabtree & Evelyn’s finance department in the UK has the arduous task of maintaining the infrastructure to ensure profitability and growth in a cost-constrained environment, and required a strategic partner that could provide a solution to enable visibility and control at a reduced cost.
In many organisations, the responsibility of account reconciliation falls to the individual departments who frequently use their own manual method to reconcile their sub and general ledgers.
Crabtree & Evelyn UK selected Adra ACCOUNTS to automate the reconciliation process, increase the speed of reconciliation completion, improve accuracy, speed up exception identification and provide financial control enhancements to the business. Crabtree & Evelyn’s current manual-intensive account reconciliation process often took days to reconcile ACCOUNTS and with Adra ACCOUNTS , it could reduce the labour-intensive process from days to a matter of hours.
“Adra immediately grasped our requirements and has offered a breadth of capability and understanding of the process that is perfectly matched to our business needs,” said David Ridley, Finance Director, Crabtree & Evelyn UK. “The Adra team worked as an extension of our business; providing support and guidance all the way through the set up and implementation process”.
About Crabtree & Evelyn
A pioneer in botanical formulations for over 30 years, Crabtree & Evelyn fuses the power of nature and science, luxury and comfort, and the wisdom of the past and present, to create sensorial pleasures for the body and spirit. Like the motto of our namesake, John Evelyn – a 17th century renaissance Englishman, who wrote one of the first important works on conservation – Crabtree & Evelyn “explores the world and keeps the best” to transform simple routines into mood-elevating fragrance experiences.
Adra immediately grasped our requirements and has offered a breadth of capability and understanding of the process that is perfectly matched to our business needs.
David Ridley, Finance Director, Crabtree & Evelyn UK