Do you remember that ill-famed speech 2002 by Donald Rumsfeld, the Defence Minister for USA in which he explains ‘known knowns’? Here’s a short clip to help refresh your memory:  Although clumsily worded, Rumsfeld’s speech is actually a good summary of the process that all of us in the information business are following – providing […]

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 […]

We often talk about the benefits of accounting software when it comes to transaction matching, but this week we heard from one of our customers, ABN AMRO Commercial Finance, about the real impact to business.   Stephen Wood, Special Project Analyst, spoke to us about how Adra Match ACCOUNTS has helped both the finance department […]

Along with the digital and Internet age, a whole host of technological advancements have come which are empowering and enabling the finance department like never before. Cloud computing, SaaS, and intelligent automation, for example, can contribute to make your monthly financial close process more efficient, accurate and leave you time to focus on qualitative tasks. […]

The monthly financial close is crawling with reconciliation demons just waiting to mess everything up. From the account specification beast to the four-eyed approval demon, these beasts need taming in order to achieve a fast and accurate month-end close. But taming the demons will require the right tools for the job  Everyone knows that you […]

All finance teams know the pain that comes with matching transaction data – your bank statement and general ledger transactions for example. Two data sources are seldom easy to compare – especially in different formats, date layouts, transactions and key account numbers, it is rarely a case of lining each up side-by-side to check transactions […]

With the hectic month-end close process and regulatory pressures mounting, doesn’t it make sense to have formal written reconciliation policies? Nope! Despite the hectic chaos of the month end close, many companies still do not have any written policies.  And all companies should… Really, shouldn’t they?

How many supplier statements do you reconcile each year? The size and scale of your business only dictates how quickly you might drown in the workload – but there are lifeboats available! Financial controllers will be only too familiar with the resource-draining activity that is supplier statement reconciliation. With a flood of potentially tens of […]

There are two severe reasons why, and how CFOs need to find time to get BI right.  CFOs hold several key business critical responsibilities: implementing better Corporate Performance Management, Performance Scorecard, and Financial Consolidation and Profitability Management. Good Business Intelligence (BI) is essential to succeeding in fulfilling these responsibilities. But in spite of existing efforts […]

Accounting software solutions help simplify, speed up and improve accuracy in reconciliation, but the task becomes time-consuming when feeding through data from an Excel-based ERP system – can businesses find an integrated answer? Balancing accounts is a labourious undertaking: data taken from ERP systems and then manually migrated into Excel takes time and requires high […]