HighRadius uses AI/ML to extract GL and bank data, match transactions, and facilitate global netting.
Achieve 95% Transaction
Auto-Match Rate
100% Accurate Consolidated
Reporting
30% Faster Intercompany
Settlements
Reduce Days to Close By 30%
Touchless Close: Automate 50% of your close, including the most manual & overlooked tasks.
Close Checklists: Assign, track, monitor, and manage period close activities in real time.
Unbilled Revenue Accrual: Automate accrual for revenue billed but not yet invoiced to the customer.
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Bank Reconciliation: Auto-reconcile 90% of high-volume transactions across all statements & GLs.
Deferred Revenue: Automate prepaid schedule, calculate amortization, & post allowance journals.
Inventory Reconciliation: Sync and match GL and inventory system data to flag variances.
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POS Reconciliation: Auto-reconcile transactions recorded across POS, ERP, and bank statements.
Credit Card Reconciliation: AI based grouping of similar credit card transactions for efficient matching.
Premium Payment Reconciliation: Identify premium terms, sync bank statements, & post JEs.
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Net & Settle: Auto calculate the net amounts owed between entities, and settle net balances.
Transactions Elimination: Identify and eliminate IC transactions for group level consolidated reporting.
Settlement Currencies: Convert currencies at settlement as per reporting requirements.
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GL Posting Anomalies: Flag and notify missed or incorrect GL entries for resolution.
Suggested Corrections: AI suggested journal entries to fix the identified anomaly transactions.
Progress Dashboard: Out-of-the-box reports for real time status of the identified anomalies.
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Real Time Data: Seamlessly integrate and sync data from different system of records.
Central Repository: Standardize & fast-track data collection from stakeholders in one place.
Reminders & Collaboration: Create & schedule email reminders to internal & external stakeholders.
Audit Trail: Track all actions performed by every stakeholder in an audit-compliant sequence.
Finance & Insurance
Technology, Media & Communications
Healthcare & Life Sciences
Retail & Consumer Goods
Energy, Oil & Gas
Power & Utilities
Dispute Resolution: Automatically flag and resolve discrepancies in IC settlements.
Netting Efficiency: Consolidate multiple payments into single transactions.
FX Management Automation: Optimize foreign exchange handling with automated conversions.
Settlement Tracking: Gain real-time visibility into cross-border settlement statuses.
Logistics & Supply Chain
Manufacturing, Retail & Franchise
Retail & Franchise
Automotive
Financial Services
Real-Time Tracking: Monitor clearing account balances with automated updates.
Payroll Register Data Sync: Auto-import payroll data from integrated providers.
ERP GL Data Matching: Automate payroll and GL matching with configurable rules.
Exception Management: Detect and resolve unmatched transactions faster.
Financial Services
Healthcare
Manufacturing
Retail
Logistics
Energy & Utilities
ERP Response Integration: Get visibility into the end state of the journal posting in the ERP.
ERP Integration: Review and auto-post journals to any ERP system.
Rule Based Journal Creation: Automate data processing with templatized rules.
Dynamic Journal Template: Prepare JEs with flexible data templates.
Manufacturing
Hospitality & Leisure
Technology, media, & communications
Retail & Consumer Goods
Finance & Insurance
Balance Walkthrough: Compare GL and subledger balances with variance summaries.
Comprehensive Reports: Document reconciliation history for audits.
Open Item Reporting: Track unresolved discrepancies for follow-up.
Exception Management: Detect, classify, and address variances with automated workflows.
Hospitality
Financial Services
Retail
Healthcare
| HighRadius | ERP Vendors(e.g. SAP, Oracle) | Niche Players(e.g. Blackline, FloQast, Trintech) | Niche Players(e.g. Esker, Billtrust) | |
Close Checklists
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Close Progress Dashboards
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Livecube Task Automation
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Advanced Dunning
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Reduction in Days to
Reconcile
Reconciliation Productivity
Improvement
Transaction Auto
Match Rate
Reconciliation Process
Automation
