Adra Suite: Financial Close Automation Software
Adra Suite helps mid-market and enterprise finance teams manage the record-to-report process. It is designed for organizations looking to move reconciliation activities from spreadsheets into a centralized system.
At a glance
- Category
- Finance & Accounting
- Best for
- Mid-market companies, Enterprise companies, CFOs and Controllers, High-volume transaction environments
- Pricing
- Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
- Key use cases
- High-Volume Transaction Matching, Standardizing Balance Sheet Reconciliations, Close Cycle Coordination, Automating Journal Entry Workflows
- Integrations
- Microsoft Dynamics, NetSuite, Oracle, SAP, Planful
- Official website
- www.trintech.com/products/adra-suite/
Adra Suite is a financial close automation tool designed for CFOs, controllers, and accounting professionals. It supports the automation of repetitive month-end close tasks, specifically transaction matching and account reconciliations, to help teams reduce manual data entry.
The software is designed for organizations handling high-volume transactions, such as those in retail, banking, and manufacturing. It includes tools for managing journal entries and tracking close tasks through centralized checklists, which may help increase visibility into the close cycle.
Buyers should confirm that the software's matching logic fits their specific data complexity, particularly if they require multi-way matching (3-way or 4-way). It is also important to verify that the available ERP connectors align with their current technology stack to support data flow between systems.
Key Features
Supports the matching of transactions across multiple sources, such as bank statements, POS, and third-party delivery services, using defined rules.
Supports the reconciliation of accounts based on customizable variance thresholds to help standardize the certification process.
Provides centralized checklists and task libraries to track the progress of the month-end close and manage separation of duties.
Supports the creation, posting, and reporting of journal entries with two-way communication with connected ERPs.
Uses AI to review financial documents to flag anomalies and recommend remediation steps.
Offers dashboards and reports that can be used with tools like Power BI, Excel, or Tableau to track close activity.
Use Cases
Matching bank and credit card statements against internal records to identify exceptions.
Moving balance sheet reconciliation workflows from manual spreadsheets into a digital process.
Using centralized dashboards to track the completion percentage of close tasks across a finance team.
Centralizing the creation and approval of journals before posting them to the ERP.
Best For
Integrations
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
FAQ
It is designed to automate transaction matching, balance sheet reconciliations, and the management of journal entries and close tasks.
The platform supports integrations with Microsoft Dynamics, NetSuite, Oracle, SAP, Planful, and Workday.
It is primarily designed for CFOs, controllers, and finance professionals at mid-market and enterprise-level companies.
Source category: Finance & Accounting
Source subcategory: Financial Close Management
Software Type:
How AI is used
Adra Suite by Trintech is a financial close automation tool for mid-market and enterprise finance teams. It supports workflows for transaction matching, balance sheet reconciliations, and close task management. Buyers should verify that the platform's ERP connectors align with their specific accounting software.
Pros & Cons
- Supports complex multi-way matching (3-way, 4-way) for intricate data sets.
- Compatible with several major ERPs including NetSuite, SAP, and Oracle.
- Provides visibility into the close process through centralized task tracking.
- Pricing information is not clearly available from the provided evidence.
- The platform is targeted at mid-market and enterprise levels, which may not fit very small businesses.
