Overview
Product Information on Adra
What is Adra?
Adra Pricing
Overall experience with Adra
“Adra Enables Transparent Audit Trail and Central Repository for Month-End Close Tasks”
“Not a great system.”
About Company
Company Description
Trintech is a company that provides cloud-based reconciliation and financial close services. It aims to support organizations looking to improve their finance and accounting operations for increased efficiency and efficacy. The challenge of managing reconciliation and financial close processes, especially given time constraints, is a primary concern Trintech addresses. Services offered vary, encompassing high volume transaction matching, operational reconciliation streamlining, balance sheet reconciliation automation, intercompany accounting, journal entries, close management tasks, and risk governance and compliance control. The company's financial solutions include the Cadency Platform for large corporations and the Adra Suite catering to midsize entities. These services seek to reduce expenses while enhancing both governance and transparency in all reconciliation and financial close operations. Trintech works with numerous clients across multiple countries and diverse sectors.
Company Details
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Key Insights
A Snapshot of What Matters - Based on Validated User Reviews
Reviewer Insights for: Adra
Adra Likes & Dislikes
Central repository for monthend close which can be used for audit trial as well
It's better than using spreadsheets, but not by much.
All account reconciliations and tasks are available all in one place. Going to Balancer and choosing the period I want to research is much more efficient than sifting through physical records or an electronic file directory.
Tool to keep your monthend close activities & related documentation with visibility to managers on pending tasks
Clunky, cumbersome, not very intuitive. Far prefered using BlackLine.
Regarding Balancer, the updated user interface includes some changes that are not the most favorable for my team. The auto-save feature is nice, but we have lost the ability to update line items without having to commit the changes. Our work around has been to take screen shots of the reconciliation before making changes in case we need to revert. Another change that came from the updated UI that makes sense for security but is not practical for our build was restricting users to only viewing their assigned accounts in the system. Our team often needs to refer to accounts that may not belong to them. It would be helpful if this was something we could disable. Lastly, there is a feature allowing the approver to mass export the attached documentation on an account. This is currently not working when you use the select all items button. I am still able to export individual documents and line items.
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Peer Discussions
Adra Reviews and Ratings
- MANAGER, FINANCE50M-1B USDBankingReview Source
Adra Enables Transparent Audit Trail and Central Repository for Month-End Close Tasks
Adra is useful to track, monitor & provide audit trial for monthend tasks completed - Accounting Assistant Manager<50M USDBankingReview Source
The Game-Changing Impact of Adra's Balance and Task Manager
The product itself is user friendly and robust. Using Adra's Balance and Task Manager has revolutionized how my team performs their accounting responsibilities. Our account representative with Trintech is a great resource and advocate for our needs. My team looks forward to our quarterly check-ins where product enhancements are shared. These meetings have been a great way to provide timely feedback to the vendor as well. - Chief Financial Officer<50M USDManufacturingReview Source
Transformative Software Eases Work with Reduced Manual Processes
Customer got us setup quickly and trained, always answers questions quickly, and makes sure we know the new and updated functionality in the system. - Finance Associate1B-10B USDManufacturingReview Source
Balancer: Streamlining Documentation and Approval Process
Balancer is easy to use. Quick to reconcile and add appropriate documentation. Also, the approval process is very smooth. We are also using the task manager. The team uses this as part of our closing meeting to keep track of progress and identify any hold backs for completing the task. - FINANCE ASSOCIATE<50M USDConstructionReview Source
Fairly easy to use application
The Adra system is great for reviewing and understanding workflows. It allows our team to know what is being worked on at a glance in reference to our month end processes.