#USA #Dallas #AI Automation #Trintech #Adra Suite

Trintech Unveils AI-Powered Journal Entry Module

In a significant development aimed at mid-market organizations, Trintech, a prominent name in cloud-based financial close solutions, has launched the Adra Journal Entry module. This new addition to the Adra Suite is specifically engineered to streamline the journal entry process through AI-driven automation. With this innovation, Trintech promises to facilitate quicker month-end closings, enabling finance teams to work more efficiently and effectively.

The Adra Journal Entry module utilizes intelligent workflows that centralize the creation, approval, and posting of journal entries within an organization’s existing systems. By integrating this functionality into the Adra Suite, businesses can significantly reduce manual efforts, the potential for errors, and the time associated with financial closures while enhancing audit readiness and visibility throughout the process.

Michael Ross, Chief Strategy and Product Officer at Trintech, emphasized the growing pressures on accounting teams to deliver faster and higher-quality results with fewer resources. He stated, "With Adra Journal Entry, we're empowering mid-sized companies with AI tools to simplify journal creation, integrate more deeply with their ERP systems, and cut labor costs, all while maintaining complete control and visibility."

This latest offering is a natural sequel for organizations already utilizing other components of the Adra Suite, such as Adra Matcher and Adra Balancer. These tools enable automated transaction matching and balance sheet reconciliations respectively, creating a more cohesive workflow for journal creation and reconciliation. The integration of Adra Journal Entry allows users to generate journal entries directly within the suite and post them to their ERP systems via packaged API integrations, ensuring a single source of truth which facilitates a smoother financial close process.

One of the early adopters of the Adra Journal Entry system, Justin Sorrells, Senior Manager at Sunbelt Rentals, shared his enthusiasm: "Instead of collecting individual files from each employee on an ad-hoc basis, our team now streamlines the process—creating and exporting all entries in a single, consolidated upload each week. We are looking forward to driving further efficiencies with the Adra Suite instead of managing this process in Excel spreadsheets."

Key Benefits of Adra Journal Entry

1. Centralized Control: Consolidates all journal entries into one system, enhancing consistency and compliance across the organization.
2. Superior Auditability: Maintains a detailed and accurate record of all entries, making audits faster and more efficient.
3. Streamlined Workflow: Automatic posting to ERPs minimizes disruptions, eliminating the need to switch between multiple systems.
4. Reduced Labor Costs: With the implementation of AI and automation, businesses can reduce labor costs associated with journal entries by over 70%.

Practical Use Cases Enhanced by AI

The Adra Journal Entry module addresses various scenarios, including:

• - Handling vendor and customer transaction postings
• - Managing intercompany cost allocations
• - Correcting errors and making reconciliation adjustments
• - Processing tax and currency-related journal entries
• - Posting for capital assets and bank fees

Unlike some competing solutions that often complicate the journal entry process or operate in silos, the AI-powered Adra Journal Entry module manages to find the appropriate balance between functionality and simplicity. This makes it particularly suitable for mid-market finance teams looking for enhanced efficiency without unnecessary complexity.

About Trintech

Trintech continues to lead the charge in financial close management, allowing organizations to reclaim time for more valuable tasks by fostering productivity and decision-making across finance and accounting divisions. Headquartered in Plano, Texas, Trintech operates globally, boasting a strong partner ecosystem that collaborates with over 100 companies to create interconnected business solutions. To learn more about Trintech and its innovative offerings, visit www.trintech.com.

With AI at the forefront of Trintech's strategy, the Adra Journal Entry module is set to revolutionize how mid-market organizations approach their financial processes, ensuring they remain agile and competitive in a demanding market landscape.