HighRadius leverages excel like interface to auto calculate the variances for each account category.
40% Close Productivity
Improvement
Streamlined Approval Workflows
with Role Segregation
Real-time Task Progress
Visibility
Auto Calculate and Review
Variances
ERP Integrations: Automate G/L data imports with SAP, Oracle, NetSuite, and Microsoft Dynamics.
Non-ERP Support: Connect with budgeting and planning systems for seamless data flow.
Error-Free Synchronization: Ensure accurate, up-to-date financial data with automated imports.
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Cost Variance Calculation: Compare actual vs. budgeted costs, to track savings or overspending.
Budget Variance Analysis: Assess variances between actual and budgeted revenue to measure financial performance.
Real-Time Insights: Use LiveCube for immediate variance calculation, enabling timely corrective actions.
Download Feature Guide
Actual vs. Budget: Compare actual results with budgeted amounts to detect discrepancies.
Year-End Estimates: Analyze estimated year-end actuals against the budget for future planning.
Insightful Analysis: Understand the reasons behind variances for better decision-making.
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Multi-Level Reviews: Review variances for both actual vs. budgeted and estimated vs. budgeted amounts.
Approval Workflows: Implement corrective actions with clear approval processes.
Task Tracking: Enable managers to monitor task progress and ensure segregation of duties.
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Rule Based Journal Creation: Automate data processing with templatized rules.
ERP Integration: Auto-post journals to any ERP system.
Dynamic Journal Template: Prepare JEs with flexible data templates.
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Auto-Generated Insights: Instantly compile reports with AI-driven variance analysis.
Materiality Thresholds: Set thresholds by dollar or percentage for scoping variances.
Real-Time Updates: Automatically refresh variance reports as trial balances change.
Faster Explanations: Quickly identify and explain budgetary discrepancies.
Manufacturing
Retail & Consumer Goods
Finance & Insurance
Energy, Oil & Gas
Drill-Down Analysis: Quickly trace variances to their root cause for precise insights.
Risk Management: Highlight potential anomalies to minimize financial risks.
Error Detection: Detect and resolve errors before finalizing financial statements.
Efficient Reporting: Save hours by automating report generation for faster analysis.
Logistics & Supply Chain
Manufacturing
Retail & Franchise
Automotive
Financial Services
Automated Variance Explanations: Generate AI-driven insights to justify fluctuations.
Budget Tracking: Compare actual results with budgets to measure performance.
Flux Analysis: Detect period-over-period differences with precision.
Insightful Narratives: Provide CFOs with detailed stories of business performance.
Power & Utilities
Finance & Insurance
Healthcare & Life Sciences
Construction
Drill-Down Capabilities: Quickly analyze variances at the most granular transaction level.
Data Accuracy: Ensure complete reporting with reconciled subtotals.
Detailed Grouping: Organize transactions by vendor or department for clarity.
Variance Tracking: Monitor vendor-level fluctuations and departmental spending trends.
Retail & Consumer Goods
Transportation & Logistics
Manufacturing
Technology, Media & Communications
Pattern Recognition: Uncover trends and anomalies for deeper variance insights.
AI-Powered Detection: Identify causes of variances through intelligent analysis.
Auto Explanations: Automatically draft variance explanations for quick review.
Workload Efficiency: Manage increasing demands with fewer resources.
Finance & Insurance
Energy, Oil & Gas
Healthcare & Life Sciences
Construction
| HighRadius | ERP Vendors(e.g. SAP, Oracle) | Niche Players(e.g. Blackline, FloQast, Trintech) | Niche Players(e.g. Esker, Billtrust) | |
Reconciliation Control Tower
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Substantiation
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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
