Adra Match Breakfast Briefings 

Event Overview

Reconciliations form the backbone of the month end process. Without account substantiation, reporting and subsequent BI dashboards are diminished in value. Historically, reconciliation is seen as a lower priority, manual process – often shared around the finance team. It’s ironic that even with the mass adoption of ERP systems and electronic banking, and all the data required for reconciliations being digitised – so many businesses perform reconciliations in excel or printed schedules and accept it as a slow error prone process.

The bulk of the reconciliation cycle is ‘ticking and bashing’ transactions you fully expect to match – this is time consuming and adds little value to the business. The true value derives from the investigation of exceptions as these indicate system errors either in or outside the business. Finding explanations and resolutions to these exceptions saves money on write-offs and improves overall process integration.

The key benefit of automating the reconciliation process is therefore to shift the available staff time away from the low value bulk to the higher value exceptions. Achieving a good level of automation produces significant costs reductions in write-offs and staff time; reduced month end reporting time and higher quality management reporting.

The aim of this seminar is to provide an overview of how automation can be achieved without tremendous expense and onerous changes to existing month end processes. In a series of concise presentations we demonstrate how a reconciliation model can be built in under 40 minutes to achieve 80%+ automated matching. After a break for coffee we then present examples of high volume, more complex reconciliations to show the flexibility and depth of Adra Match.

This seminar is suited to finance professionals within companies who have either not moved away from manual reconciliation or feel that their current solution is not providing maximum value for money / lower than expected match rate.

Who are Adra Match?

Adra Match, established in 1988, is the European market leader in accounts reconciliation. Our 3,000+ clients rely on our innovative, reliable solutions to produce 90%+ automation within their finance function. Our solution will reconcile any sets of data so is ideal for bank, statement, credit card and inter-company reconciliations.
Our client base features some of the largest names in European business, although we have solutions for any size of company.