adra match is the leading supplier of software for automatic reconciliation in Scandinavia. The company was established in 1989 and has its headquarters Oslo, with subsidiaries in Stockholm, Gothenburg, Copenhagen and London. adra and its software, marketed under the name Match, are in use in nearly 3,000 companies and public offices all over Scandinavia. Match products increase customer efficiency by 70–90%, which gives a good return on the investment made. adra, through its more than 40 employees, has unique competence within reconciliation and converting files to national and international standards. adra is a highly profitable company with a solid balance sheet.

With Account Match the following types of accounts can be reconciled, among others:

•   Bank accounts

•  Temporary accounts

•  Supplier accounts

•  Concern accounts

•  VAT reconciliation

•  Foreign currency reconciliation

•  General ledger against sub ledger

Manual reconciliation takes time. By using Account Match, users save considerable time and they can feel confident that the reconciliation is 100% correct. The savings in time makes Account Match a very good investment, enabling users to focus on more useful and rewarding tasks.

Account Match has been used to solve reconciliation problems for more than 10 years and the programme has been developed by accountants for accountants. It is built up to reconcile as a user wishes, except for the fact that it is the computer that does the reconciliation work automatically. The use of Account Match is therefore intuitive. When users have completed the reconciliation for a specific period, they can print out different reports with complete information.

Manual reconciliation makes it easy to make mistakes. In Account Match users do not have the inconvenience of having to start the process all over again, for instance with a pen of another colour, if they make an error.

Using PreMatch users can:

• Update payments

• Translate the CREMUL format

•  Print out reports on payments

The manual treatment of receipts takes a considerable amount of time and is expensive. According to calculations made both in Norway and Sweden, the treatment and entering of each receipt in a subsidiary ledger amounts to NOK 25. With PreMatch this work can be reduced up to 95%, a fact that makes the programme a good investment.

Normally banks can deliver electronic receipt information. This information contains variable data about the receipt, which is quality assured and complemented in PreMatch. A test of the subsidiary ledger is done before being updated automatically.

PreMatch is provided with a conversion module that handles any format, such as EDIFACT, LM, OCR, Swift or others. The subsidiary ledger can then be updated automatically with domestic and foreign receipts and the receipt effected directly within a user’s bank.