Case Study: Danica Pension achieves faster, lower-risk balance sheet reconciliations with Adra by Trintech

Increasing the Efficiency and Accuracy Across the Balance Sheet Reconciliation Process

Danica Pension, a leading Danish pension provider with over 800,000 customers and DKK 500 billion in pension funds, was hampered by a highly manual and inconsistent balance-sheet reconciliation process. Relying on Excel, complex VBA scripts and multiple systems, the finance team faced missing documentation, poor visibility for audits and substantial time spent on low-value, repetitive tasks.

In 2018 Danica implemented Adra by Trintech, which delivered a fast, seamless rollout and on-site training. Adra automated reconciliations across the transaction lifecycle (entry, posting to Microsoft Dynamics GL and aggregation to the bank), provided real-time dashboards and a transparent audit trail, reduced risk and manual effort, standardized processes for easier onboarding, and freed the team to focus on higher-value work while continuously optimizing performance.

Danica Pension

Thomas Snorgaard

Senior Specialist