Are you still putting yourself through the stressful process of reconciling in error prone Excel spreadsheets? Do you need more overview and traceability throughout your transaction matching processes?
The Adra ACCOUNTS reconciliation system automates, standardizes and visualizes the processing of transactions and the creation of specifications for the month-end close. With Adra ACCOUNTS it’s possible to reconcile practically any type of transaction: Bank, Cash, Debit & Credit Cards, Intercompany, Currency, Payroll and much more. By letting our technology take over, you’ll not only save time but reduce costs and work more efficiently.
Key ACCOUNTS benefits
ACCOUNTS has a great number of benefits for all personnel involved in the reconciliation process:
- Automatic Reconciliations – Automate, standardize and visualize the processing of transactions
- Time Saving – Save time with a uniform, user-friendly and effective work process
- Efficiency – Speed and performance – process large quantities of data in seconds
- Accuracy – Unrivalled accuracy and advanced logic for correctly matched results
- Exception Management – Focus on the exceptions that matter – and mitigate risk
- Cloud based – SaaS availability – no installation needed
- Forward thinking – a flexible and scalable solution that grows with your company
- Integrates with Adra BALANCER – seamless sign-off and substantiation of the balance sheet
If you struggle with time intensive manual processing and shelves full of binders, Adra ACCOUNTS reconciliation software will alleviate these pains and help ensure a fully compliant transaction matching process with the following features:
Control, Accuracy and Efficiency.
In a unified and clear way, all the transaction matching in your company can be automated and organised into a single process that gives you improved efficiency, control, traceability and overview at all times.
Automatic Reconciliation Software Built for the User
ACCOUNTS gives you full control over the process in each transaction reconciliation, and you can rely on the reconciliation being correct. Functionally, transaction matching in ACCOUNTS is composed of the Automatic Import and Reconciliation of Transactions, Managing Exceptions and Reporting.
Automatic Reconciliation – Based on power and intelligence
With the help of its data matching engine, ACCOUNTS’ advanced business rules will determine what will be reconciled, how and at what intervals. The rules are used to securely reconcile individual transactions against one another. One to one, many to one and many to many matches across and within multiple fields are all supported. The data matching engine can rapidly process large volumes, and any transactions that have not been covered by the rules for individual accounts can be processed using the flexible exception management feature. If the user would like to view the reconciled transactions, they are easy to find through a simple search. All historic data is saved and is auditable.
Import – Any ERP file. Any Bank File.
ACCOUNTS includes the possibility to automatically import files in several formats like XML, Excel and flat-files such as CSV and TXT. Files and accounts may be imported cross-company both ad-hoc or scheduled, utilising Adra’s advanced import engine. Transactions may be skipped, data-translation set up and additional columns added. New import templates are set up effortlessly, using the built-in Import Wizard.
Exception Management – The Smart Way
ACCOUNTS’ powerful data matching engine sets intelligent business rules maximising the match percentage and enabling you to focus on the exceptions that matter. Flexible search, sort and filter features make it easy to quickly find and manage the remaining items. All relevant information relating to any transaction is shown, including dimensions, amounts, currency and references.
Standard & Custom Reports
ACCOUNTS has a number of standard reports, including Excel and PDF exports of Balances, Open and Reconciled Items and Variances.
For organizations with advanced needs there is an optional reporting module that makes it possible to create customized reports. The data available can be extracted and presented in different ways, including graphically. Adra’s clients utilise a host of different reports such as Settlement, Fee Calculation, Journal Entry and Dashboard reports.