AI TOOL PROFILE
Adra Suite: Financial Close Automation Software
- Finance and Accounting
- Financial Close Management
- 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.
At a glance
- Best for
- Mid-market companies, Enterprise companies, CFOs and Controllers, High-volume transaction environments
- 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
- Visit adra suite by trintech official website
How AI is used
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
Multi-Way Transaction Matching
Supports the matching of transactions across multiple sources, such as bank statements, POS, and third-party delivery services, using defined rules.
Balance Sheet Reconciliations
Supports the reconciliation of accounts based on customizable variance thresholds to help standardize the certification process.
Close Task Management
Provides centralized checklists and task libraries to track the progress of the month-end close and manage separation of duties.
Journal Entry Management
Supports the creation, posting, and reporting of journal entries with two-way communication with connected ERPs.
AI-Powered Document Intelligence
Uses AI to review financial documents to flag anomalies and recommend remediation steps.
Financial Analytics
Offers dashboards and reports that can be used with tools like Power BI, Excel, or Tableau to track close activity.
Use Cases
High-Volume Transaction Matching
Matching bank and credit card statements against internal records to identify exceptions.
Standardizing Balance Sheet Reconciliations
Moving balance sheet reconciliation workflows from manual spreadsheets into a digital process.
Close Cycle Coordination
Using centralized dashboards to track the completion percentage of close tasks across a finance team.
Automating Journal Entry Workflows
Centralizing the creation and approval of journals before posting them to the ERP.
Integrations
- Microsoft Dynamics
- NetSuite
- Oracle
- SAP
- Planful
- Workday
- Power BI
- Excel
- Tableau
FAQ
What does Adra Suite automate?
- It is designed to automate transaction matching, balance sheet reconciliations, and the management of journal entries and close tasks.
Which ERPs does Adra Suite integrate with?
- The platform supports integrations with Microsoft Dynamics, NetSuite, Oracle, SAP, Planful, and Workday.
Who is the target buyer for this software?
- 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
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