News Column

Adra Match Introduces Balancer to Streamline Financial Close Process

Mar 6 2013 12:00AM



BOSTON, MA -- (Marketwire) -- 03/06/13 -- Adra Match (, a global software firm specializing in advanced data matching and reconciliation management, announced the launch of Balancer, a new financial software solution to help finance managers streamline their financial close and consolidation processes. Balancer enables customers to close their books faster while meeting demands for better internal controls from investors and stakeholders.

Balancer will be available for demo at booth #2514 at Convergence2013, the premier Microsoft Dynamics community show, March 18-21, at the New Orleans Morial Convention Center.

Like a financial control system, Balancer offers a real-time overview that enables managers to monitor and streamline the entire balance sheet-reconciliation process. By replacing cumbersome spreadsheets and error-prone manual tasks, Balancer saves time while ensuring accuracy of the numbers and meeting compliance demands. Often pressured to complete the entire closing and reporting cycle in a few days, many customers have described the process as "a mad dash."

"Balancer puts control back into the hands of finance managers who are under pressure to close their books faster and with higher levels of accuracy and trust," said Martin Thunman, CEO of Adra Match. "In today's unpredictable economy, business leaders need real-time and accurate view of their company's financial picture. There is no room for risk -- executives must be able to trust their numbers."

Key features of Balancer include:

Reconciliation Preparation - fast & easy with document upload•Approval Workflow - including timelines and overview•Task Management - to-do lists with clear segregation of duties•Messaging & Alerts - advanced Message Center and 1-to-1 communication•Governance & Risk Management - advanced rule-based account control•Analytics - reports and dashboards for real-time overview•Digital Archive - eliminating binders and photocopying

Balancer is offered as a software-as-a-service (SaaS), powered by Windows Azure, Microsoft's global cloud platform. Designed to fit any sized organization, Balancer is offered in different feature editions ranging from $45 per user/month for the entry-level edition up to $195 per user/month for the most feature-rich edition, designed for the most demanding organizations.

The new Balancer product complements the company's existing portfolio, which includes Adra Match Accounts, a transaction-matching software, and Adra Match Receivables, a payment matching software. Balancer will be available in Q2 2013.

Adra Match has 20 years' experience in providing software for advanced Data Matching and Reconciliation Management. Our products are primarily used by accounts departments to automate reconciliations. Automatic reconciliation helps organisations to work smarter and quicker, with better control and accuracy. Our solutions streamline and standardise accounts departments and give them an overview of the company's balancing process at all times. Adra Match has its headquarters in Oslo, Norway and offices in Boston, Sweden, Denmark and United Kingdom. Among our 3,000 customers are Hertz, GE Capital, Old Mutual, IKEA and Telenor. Visit us at

Add to Digg Bookmark with Add to Newsvine

For more information, contact:

Steven Webster
Birnbach Communications for Adra Match
Email Contact

Source: Marketwire

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters