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Trintech Enhances Adra Suite with AI-Powered Journal Entry Automation

Trintech, a leader in cloud-based financial close solutions, has announced the launch of its latest innovation, Adra Journal Entry. This new module is part of the Adra Suite and specifically designed for finance teams in medium-sized businesses. Using artificial intelligence, Adra Journal Entry automates and centralizes the creation, approval, and ERP posting of journal entries, thus streamlining the month-end closing process.

A Solution Tailored for Medium Enterprises

As business environments become increasingly complex, finance teams face mounting pressure to accomplish more with fewer resources, all while maintaining accuracy and speed. Michael Ross, Chief Strategy and Product Officer at Trintech, emphasized the need for efficiency in financial operations, stating, "With Adra Journal Entry, we equip medium-sized companies with AI tools that simplify journal management and enable deeper ERP integration while reducing labor costs—all while ensuring control and transparency."

The introduction of Adra Journal Entry builds naturally upon the existing features of the Adra Suite, including Adra Matcher and Adra Balancer, which focus on automated transaction matching and balance reconciliation, respectively. This integration allows companies to drastically cut down on manual efforts, risks of errors, and time spent on month-end processes while enhancing auditability and transparency.

Key Advantages of Adra Journal Entry

Trintech’s latest offering provides several significant advantages:

• - Centralized Control: Consolidate all journal entries within a single system, enhancing compliance and consistency.
• - Improved Audit Trail: Maintain a complete and accurate record of entries for faster and more efficient audits.
• - Optimized Workflow: Automatic posting to ERP systems minimizes disruptions and eliminates the need for switching between different platforms.
• - Reduced Labor Costs: By automating journal entry processes, companies can cut associated labor costs by over 70%.

Real-World Applications Enhanced by AI

Adra Journal Entry goes beyond merely simplifying processes. It effectively manages:

• - Accounts payable and receivable transactions.
• - Internal cost allocations.
• - Error corrections and reconciliations.
• - Tax-related and currency journal entries.
• - Capital asset postings and banking fees.

Unlike competitive solutions that complicate processes or operate in silos, Adra Journal Entry strikes the right balance between functionality and simplicity, making it an ideal choice for finance teams looking to enhance efficiency without inviting unnecessary complexity.

User Experience

Justin Sorrells, Senior Manager at Sunbelt Rentals, shared his perspective on implementing Adra Journal Entry: "We are excited to manage all of our journal entries within this new module. Instead of gathering separate files from each team member on an ad-hoc basis, we now streamline our process by creating and exporting all entries in a single consolidated upload weekly. We anticipate even more efficiency as we can move away from managing these entries in Excel."

About Trintech

Trintech is dedicated to giving time back to people for what truly matters. The company provides thousands of customers globally with cloud-based solutions that boost productivity within finance and accounting teams, enhance efficiency, ensure accuracy, minimize risks, and support strategic decision-making. Headquartered in Plano, Texas, Trintech has a strong partner ecosystem that operates internationally across the Americas, Europe, Africa, and the Asia-Pacific region. To learn more about Trintech, visit www.trintech.com.