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Trintech Expands Adra Suite with AI-Driven Journal Entry Automation

In a significant move to enhance its financial closing solutions, Trintech recently launched Adra Journal Entry, a new module in their Adra Suite. This feature is designed specifically for the finance departments of mid-market organizations, utilizing artificial intelligence (AI) to streamline the process of creating, approving, and recording journal entries in ERP systems. By integrating journal entry functionalities directly into Adra Suite, businesses can drastically minimize manual tasks, reduce the risk of errors, and shorten the timeframe required for month-end closes, while also improving audit readiness and visibility.

According to Michael Ross, Trintech’s Chief Strategy and Product Officer, “Accounting teams are under constant pressure to achieve more with fewer resources, and they need to do it faster and more accurately than ever before. With Adra Journal Entry, we provide mid-market companies with AI tools that simplify journal entry creation, improve integration with their ERP systems, and significantly cut labor costs, all while maintaining complete control and visibility.”

Key Features of Adra Journal Entry

The newly introduced Adra Journal Entry serves as a natural extension for existing users of Adra Matcher, which automates transaction reconciliations, and Adra Balancer, which handles automated balance postings. The integration enables a centralized workflow for the creation and reconciliation of entries, effectively bridging the gap by allowing users to generate journal entries directly within the Adra Suite. These entries can then be published to ERP systems through pre-configured API integrations, ensuring a reliable and interconnected data source throughout the financial closing process.

A satisfied customer, Justin Sorrells, Senior Manager at Sunbelt Rentals, shared his enthusiasm: “We are excited to implement Adra Journal Entry to manage all our journal entries. Instead of collecting individual files from each employee at various times, our team now streamlines the process by creating and exporting all entries in a single consolidated upload each week. We anticipate further boosting our efficiency with Adra Suite without needing to manage this process in Excel spreadsheets.”

Benefits of Using Adra Journal Entry

1. Centralized Control: All journal entries are consolidated into a single system, enhancing consistency and compliance.
2. Superior Auditing: A comprehensive and accurate record of journal entries allows for faster and smoother audits.
3. Optimized Workflow: Automated postings in ERP systems ensure minimal disruption and eliminate the need to switch between various platforms.
4. Labor Cost Reduction: Automation can lead to a reduction in associated labor costs by more than 70%.

Real-World Use Cases Enhanced by AI

• - Accounting of Vendor and Customer Transactions: Automating how transactions are recorded minimizes human error.
• - Intercompany Cost Allocations: Streamlining cost distributions through automated processes.
• - Correction of Errors and Adjustment Reconciliations: Quick corrections can be made without manual input delays.
• - Tax and Currency Journal Entries: Automating these complex entries increases accuracy.
• - Fixed Asset Accounting and Banking Fees Management: Ease of handling significant financial entries simplifies the overall accounting process.

Unlike competing solutions that tend to overcomplicate the accounting process or operate in silos, the AI-driven Adra Journal Entry achieves the right balance between functionality and simplicity, making it ideal for mid-market finance teams that seek efficiency without unnecessary complexity.

About Trintech

Trintech allows individuals to reclaim their time for what truly matters. The company's cloud platform and solutions empower thousands of clients worldwide to lead a transformative productivity initiative within their finance and accounting organizations, driving efficiency, ensuring accuracy to mitigate risks, and enhancing strategic decision-making capabilities. Trintech is a leader in financial close management, headquartered in Plano, Texas, with offices and strategic distributors across the United States, Europe, Australia, South America, Africa, and the Asia-Pacific region. With a strong partner ecosystem, Trintech collaborates with over 100 companies to build a network of interconnected businesses. For more information, visit www.trintech.com.