Case studies
Adra Match’s unique data matching solution has made life better and more interesting for thousands of companies. Read here how some of our customers found an easier and simpler way to tackle manual, difficult and time-consuming work by using our technology.
Ascendi A/S
As from the summer of 2012, ATP will take over a number of tasks within state pensions, housing benefits, maternity benefits, incapacity benefits and child benefits paid in advance. Tina Mollerup Laigaard is the Managing Director of Ascendi A/S, a specialist provider of help to public sector enterprises, including local authorities, within accounting and finances.
BDO
Automated bank reconciliation is now a natural part of the process of compiling correct accounts for many companies. IT systems have replaced the manual, time-consuming work, but reconciliation documentation is still needed and is mandatory according to the law and has to be used for the audit.
Clas Ohlson
Seven years ago, all reconciliation at Clas Ohlson was done with pen and paper. A task that took ever more time and personnel. The company has steadily expanded with more stores in Sweden and abroad, and needed a faster and more efficient system.
Crabtree & Evelyn
Crabtree & Evelyn, an international retailer of natural health and beauty products uses Adra Match, the leading supplier of automated financial account reconciliation software, to streamline their account reconciliation process.
Fog SuperBest
Fog SuperBest owns a chain of 12 supermarkets throughout Denmark, and has an annual turnover of DKK 500 million ex-VAT, making it a success in a highly-competitive market.
Jewson
In today’s tough economy it is essential for organisations to take control of their cash management and financial accounts to increase financial control and reduce operational risk. By automating the reconciliation process, Adra Match Accounts increases the speed of reconciliation drastically, improves accuracy, speeds up exception identification and provides financial control enhancements to the business, this enables users to feel confident that reconciliation is 100 per cent correct.
LRF Media
LRF Media introduced Adra Match Accounts at the beginning of 2010, mainly to automate its bank reconciliations initially. The whole process used to be done manually with pen and paper, a job that wasted large amounts of time and energy.
Lunds Energikoncernen
With fourteen subsidiaries, Lunds Energikoncernen AB has thousands of items to keep track of every month. Just finding all the numbers to be reconciled took one day per month. After only six months, that has been reduced to one hour.
Marginalen Finans
The company has very high flow through its bank account. Gunilla Eriksson, who is responsible for funds management, knows what it takes to reconcile these manually. She came into contact with Adra Match's products 10-15 years ago.
Municipality of Kolding
"Adra Match Accounts provides invaluable help, and gives us excellent overview" says Margit Andersen, Bookkeeper at the Municipality of Kolding's Central Administration, and system administrator for Adra Match Accounts.
Municipality of Oslo
The tender from Adra Match contained a reconciliation solution based on Adra Match Accounts. This software suite was initially developed for reconciliation between bank and accounts, but is also extremely flexible when it comes to reconciling transactions from different file formats. The municipality was convinced by the proposal Adra Match made, and the contract was signed in October 2010, a couple of months after the invitation to tender was sent out.
Nemi Forsikring AS
"Before we got Adra Match Accounts, reconciliation was hard work and very time-consuming. Nowadays, it's simple, quick and correct. That means we can do the work in the safe knowledge that everything balances and is traceable," says Oddrun Fristad from Nemi Forsikring's Accounts Department.
Saint-Gobain Distribution
Optimera uses Adra Match Receivables for all sorts of incoming payments made electronically. Apart from ordinary bank payments, there can also be partial payments, payments on account, etc. We do not receive payments from abroad, as they go to our subsidiaries, but payments from the Faeroes and Greenland are also handled by Adra Match Receivables.
SEAS-NVE
"Before we got Adra Match Accounts, there were 3 of us who each spent a week on the monthly account reconciliation. It takes just 2 of us between 1 and 2 days now. Account reconciliation is not the most pleasant part of accounting, and we are therefore glad to have freed up so many resources for other, and more interesting work. It has also meant less stress and a more satisfying working day."
Sparekassen Vendsyssel
The Sparekassen Vendsyssel bank has experienced rapid growth in all areas within recent years, and performed 4 takeovers of other local banks. Most of the region of Vendsyssel is now covered, with head office in Vrå and 18 branches around the area. There is also a branch in Copenhagen, opened in the summer of 2007.
Toshiba Tec Nordic
On the Swedish market alone, Toshiba Tec Nordic had around 4000 banking transactions in the ledger to be reconciled against approximately 100 bank transactions every month. Two years ago, everything was handled manually in Excel.
Twilfit
Twilfit is a retail lingerie chain, with stores across the country. That means many outlets and a very high volume of transactions, which makes maintaining maximum control over revenues very complicated. The organisation is lean, and with only two people in the accounts department, the responsibility and workload are heavy.