Controllers and CFOs insatiable appetite for automating all aspects of back-office finance including the accounting close, continues to drive integrations of ERP and accounting, and robust point solutions. The recently announced integration of Adra® by Trintech financial close and reconciliation software and Microsoft Dynamics 365 Finance is further evidence that this trend shows no signs of slowing.
A great example of the Trintech and Microsoft Dynamics 365 Finance integration is Danica Pension, one of the largest pension companies in Denmark with more than 800,000 customers. In this case study, Danica Pension eliminated manual work and gained real-time visibility and control into their balance sheet reconciliations with Adra® by Trintech. Adra® reconciles the whole transaction-side of the investment in a 3-step process by entering the investment as a transaction and sending the transaction to their GL system. Next, the integrated Microsoft Dynamics aggregates all transactions to send to the bank. Finally, Adra® reconciles each one of the steps.
Some of the benefits of the Trintech/Microsoft integration realized by corporate accounting and finance organizations include:
- Visibility across all tasks in the financial close process
- Control and automation of reconciliations
- Shortened close cycle through efficiency gains
- Automated notifications of balance changes throughout the close
- Reduction in write-offs
Adra® is a proven and effective solution used by over 1,800 organizations around the world. The Adra Suite provides cloud-based, financial close and reconciliation solutions for companies looking to quickly increase the efficiency, control and visibility for all key areas of the financial close process including: balance sheet reconciliations (Adra Balancer), transaction matching (Adra Matcher), financial task management and controls (Adra Task Manager), and reporting (Adra Analytics).
To learn more about this powerful integration between Microsoft Dynamics 365 and Trintech, register for a 9/21/21 webinar, 5 Best Practices for Financial Risk Management, here. Or download a Tip Sheet, Automated Financial Close for Microsoft Dynamics, here.
Interested in the fast-changing topic of back-office finance automation? Check out these relevant resources.
ADDITIONAL RESOURCES:
2021 Global Financial Close Benchmark Report (Trintech)
Changing Roles of Controllers and CFOs Study (Controllers Council)
Guide to Modernizing Your Reconciliation Process (Trintech)
Best Practices for Your Financial Close from Baker Tilly (Trintech)
About Trintech
Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency® Platform, Adra® Suite, and targeted tools, ReconNET™, T-Recs®, and UPCS®, help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.
Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect on LinkedIn, Facebook and Twitter.
