Case Study: Bitstamp achieves a faster, standardized financial close and greater control with Adra by Trintech

Bitstamp Leverages Automation for Increased Standardization and Greater Control across the Financial Close

Bitstamp, the world’s longest-running cryptocurrency exchange trusted by over four million customers since 2011, faced a highly manual, Excel-driven close process with inconsistent balance sheet reconciliations and limited confidence in their numbers. With internal and external auditors pressing for stronger controls, the finance team needed a secure, standardized way to document and manage month-end close tasks.

Bitstamp implemented Adra by Trintech—Adra Balancer for reconciliations, Adra Task Manager for close tasks, and an SAP connector for direct data integration—automating workflows and improving visibility across the close. The result was faster, more standardized closes, higher productivity, earlier reconciliation completion, and greater confidence in data quality, freeing the team to focus on analysis and strategic initiatives.

Bitstamp

Gillian Gallimore

Group Financial Controller