Boston—March 6, 2013—Global software firm Adra Match launched Balancer, a new financial software solution to help finance managers streamline their financial close and consolidation processes. Balancer enables customers to close their books faster while meeting demands for better internal controls from investors and stakeholders.
“Balancer puts control back into the hands of finance managers who are under pressure to close their books faster and with higher levels of accuracy and trust,” said Martin Thunman, Chief Executive Officer of Adra Match. “In today’s unpredictable economy, business leaders need real-time and accurate view of their company’s financial picture. There is no room for risk—executives must be able to trust their numbers.”
Like a financial control system, Balancer offers a real-time overview that enables managers to monitor and streamline the entire balance sheet-reconciliation process. By replacing cumbersome spreadsheets and error-prone manual tasks, Balancer saves time while ensuring accuracy of the numbers and meeting compliance demands.
Key features of Balancer include:
- Reconciliation Preparation: fast & easy with document upload
- Approval Workflow including timelines and overview
- Task Management: to-do lists with clear segregation of duties
- Messaging & Alerts: advanced Message Center and 1-to-1 communication
- Governance & Risk Management: advanced rule-based account control
- Analytics: reports and dashboards for real-time overview
- Digital Archive: eliminating binders and photocopying
Balancer is offered as a Software as a Service (SaaS), powered by Windows Azure, Microsoft’s global cloud platform. Designed to fit any sized organization, Balancer is offered in different feature editions ranging from $45 per user/month for the entry-level edition up to $195 per user/month for the most feature-rich edition, designed for the most demanding organizations.
The new Balancer product complements the company’s existing portfolio, which includes Adra Match Accounts, a transaction-matching software, and Adra Match Receivables, a payment matching software. Balancer will be available in Q2 2013.
Balancer will be on display at booth #2514 at Convergence2013, March 18 to 21 at the New Orleans Morial Convention Center.