Adra Match, a global software firm specializing in advanced data matching and reconciliation management, announced the launch of 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.

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;

Approval workflow;

Task Management;

Messaging and alerts;

Advanced rule-based account control;

Reports and dashboards for real-time overview; and

Digital Archive, eliminating the need for binders and photocopying.

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 the second quarter of 2013.