Autonomous Accounting Knowledge Center

Webinars

Introduction to Autonomous Accounting

Ric Ratkowski Accounting Consultant, HighRadius
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There has to be a better way to close books

Ric Ratkowski, Product Consultant, HighRadius
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eBooks

The Reality of Implementing AI in Record-to-Report

Discover how Generative AI and machine learning can improve upon your Record to Report process by providing insight and reducing financial risk.
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What CFOs Taught Us in 2022

From our conversations with hundreds of CFOs, this eBook highlights the key learnings from the most enlightening conversations that stood out in 2022.
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AI Demystified for Detecting Errors and Omissions in the Monthly Financial Close Process

Learn the right approach for applying AI for error detection during the financial close process Okay...can you update the ebooks as per the new template?
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Best practices for improving month end close accuracy

Download the guide to explore the best accounting practices for finance teams to achieve a faster and accurate month-end close
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Streamline Account Analysis for Month End Close Process

Learn what accounting analysis is and how to do account analysis in order to improve month close process.
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Why does Month End Close Take Time?

Learn about the various financial close bottlenecks Discover how financial close software can simplify the month end close process
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Organizing the Month End Financial Close Process

Read this ebook to discover how to close books faster in the age of AI.
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Autonomous Accounting: Breaking The Mould For The Financial Close

Learn how CFOs need to reimagine automation and technology with autonomous accounting to achieve faster and smoother financial close.
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6 Bank Reconciliation Improvements in Microsoft Business Central 365

In this whitepaper, we shall discuss implementing best practices to simplify bank reconciliation in Dynamics 365 Business Central.
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Payment Challenges Faced by Mid-Sized Businesses

This e-book outlines the changing dynamics in the B2B payments landscape within mid-sized businesses. Understand the challenges involved in traditional payment methods and how it…
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Blogs

GAAP vs. IFRS: A Complete Comparison

GAAP & IFRS are the two main types of financial reporting frameworks. Learn the differences between gaap and ifrs and compare which is better.
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What Is an eCheck & How Does It Work? Here’s Everything You Need to Know

An eCheck is a type of Electronic Funds Transfer that utilizes the ACH network to process payments from customers to the payee’s account.
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Invoice Payment Terms: Benefits & Best Practices

Invoice payment terms refer to the conditions and terms under which a buyer agrees to pay the seller for goods or services provided, benefiting businesses…
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Merchant Services Payment Processing: What Is It & How It Works

Merchant payment processing services refer to a range of financial services that enable businesses to accept and process payments from customers and facilitate transactions through…
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What Is Check Fraud? Its Types & How to Prevent It?

Check fraud refers to the act of intentionally deceiving or defrauding someone by using fraudulent checks. Discover the various types of check fraud and how…
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Merchant Fees Explained: Everything You Need to Know

Explore the essentials of merchant fees in our quick guide. From merchant service charges, interchange rates to situational fees, learn how to effectively manage your…
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What Is General Ledger Reconciliation: Types, Best Practices and Importance

Learn how to master general ledger reconciliation. Explore the process, types, and best practices for financial accuracy and compliance.
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A Guide to Automated Accounting: Benefits and Tips

Accounting automation involves the use of software to automate important finance operations. Learn the benefits of automating your accounting process.
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What Is The Accounting Cycle? Explained Step by Step

The accounting cycle is a systematic process businesses follow to record, analyze & report financial transactions. Understand steps of the accounting cycle here!
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How To Make Adjusted Journal Entry in Accounting

Adjusting journal entry occurs at the end of an accounting period to record any unrecognized income or expenses. Learn how adjusting journal entries works with…
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How Technology Can Help to Handle Shortage of Accountants

Shortage of accountants are having an impact on businesses. Understand why there is shortage of accountants & adopt technology to handle the CPA shortage in…
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How AI Is Helping in Audit Automation

Audit automation helps organizations maintain compliance with greater accuracy and efficiency. Learn to use ai in the audit process, its benefits & use cases.
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How AI Is Helping in Audit Automation

Audit automation helps organizations maintain compliance with greater accuracy and efficiency. Learn to use ai in the audit process, its benefits & use cases.
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What Is a General Ledger? A Complete Guide

A general ledger is a core accounting record that provides a centralized summary of all financial transactions within a business, benefiting in terms of financial…
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Modern Accounting and the Role of Technology in Accounting

Modern accounting uses technology to transform traditional accounting systems by automating them. Learn the benefits of implementing technology in accounting.
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When You Should (and Shouldn’t) Outsource Your Accounting Services

Outsourcing accounting services offers cost-saving benefits and access to experts, yet comes with risks. Know when it's the right fit for your organization.
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Ethics in Accounting: Why They Are Important and 6 Principles You Need to Know

Discover the pivotal role of ethics in accounting and the six fundamental principles guiding ethical conduct for accountants. Explore how ethical practices safeguard financial integrity,…
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The Ultimate Guide to Credit Card Surcharging for 2024

Considering credit card surcharges? Unsure about their legality or the impact on consumers? Dive into this comprehensive guide for insights, alternatives, and best practices for…
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The Ultimate Guide to SOX Compliance in 2024

SOX Compliance involves implementing and maintaining certain internal controls and procedures to ensure the accuracy and reliability of financial reporting.
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What’s an Integrated Audit? [+ How to Do One]

An integrated audit thoroughly evaluates both financial and operational aspects, providing comprehensive insights into your organization's overall effectiveness and efficiency.
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Truth or myth – Accelerated GBS growth

Uncover GBS's strategic growth keys in a complex business environment: trust, value, and broader roles. Gain insights for success.
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6 Best Practices for Maintaining Accounting Accuracy

Discover the importance of maintaining accounting accuracy in financial reporting. Learn the best practices and the role of AI in improving accuracy.
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7 Common Accounting Errors & How AI Detects Them (With Examples)

Accounting errors and omissions refer to mistakes or inaccuracies made during the process of recording and reporting financial transactions.
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GBS Talent Crisis: Why Embracing an Outcome-Based Gig Model is the Only Way Out

Discover how embracing the gig economy and an alternative workforce can solve talent challenges and ensure positive outcomes for GBS in the future.
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The Ultimate Guide to Mastering Anomaly Management in Finance and Accounting

Learn how to detect and resolve anomalies using industry best practices and the latest technologies such as Artificial Intelligence.
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Excel for Accountants: Everything You Need to Know [+ Free Templates]

Boost your financial accounting career with these essential Excel templates, tricks, and best practices. Perfect for seasoned accounting professionals, and beginners!
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Matching Concept in Accounting: Definition, Challenges and Best Practices

Master the matching principle for accurate financial reporting. Learn its importance and process in our comprehensive blog for accountants.
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The Future of Accounting: How Autonomous Accounting Can Help CFOs Navigate the Changing Landscape?

Discover how firms can stay ahead by adopting AI-powered accounting solutions to improve financial operations, reporting accuracy, and reduce costs.
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Closing Entry in Accounting for Dummies: Definition, Example, and Best Practices

Closing entries are journal entries posted at the end of an accounting period to reset temporary accounts to zero and transfer their balances to a…
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A Comprehensive Guide to Balance Sheet Reconciliation: 5 Best Practices to Overcome Common Obstacles

Learn about the process, example and checklist for balance sheet reconciliation. This article provides a comprehensive guide to help you reconcile your balance sheet effectively.
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Simplify Cash Reconciliation: The Future of Finance with HighRadius and Sage Integration

Cash reconciliation is the business process that verifies the cash balance in a register at the close of business. Learn Cash Reconciliation in Sage Intacct.
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The Ultimate Guide to Achieving Day Zero Financial Close

Learn about the challenges of financial close process, the role of AI in achieving day-zero close, and parameters for choosing financial automation software.
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6 Impactful Use Cases of Robotic Process Automation in Finance and Accounting

What is RPA and how does it help the finance function? Robotic process automation (RPA) is a software technology that uses software robots to mimic…
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The Complete Guide to Account Reconciliation

Ultimate guide on accounts reconciliation, covers all the basics, challenges, and including how autonomous accounting can transform the process with example.
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Types of Receivables in Accounting

Receivables are unpaid customer debt for products or services delivered. It is a current asset that affects a business’s liquidity and working capital management.
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HighRadius vs. Traditional Accounting Software Comparison

Autonomous Accounting is a new-gen record-to-report solution, powered by AI. We compare it against traditional accounting software in this article.
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The Top 5 Advantages Of Using A Financial Close Solution

Financial close solutions enable organizations to automate their financial close process by using AI and reduce close times drastically.
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Removing Friction From Your Data Sources For Better Closing

Bottlenecks in the accounting process cause delay in month-end closes but accounting solutions can remove friction from your data sources and result in better closings.
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Bank Reconciliation Made Easy: A Step-by-Step Guide to Achieving Financial Accuracy

Reconcile means to "make consistent with another." So, reconciling your bank statements means ensuring that your balance sheet matches the transactions made in the bank
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Financial Reporting Framework: The In-depth Guide (With Example)

Financial reporting frameworks offer rules for creating financial reports which can be used by analysts to analyze the financial transactions.
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Automation in Finance: The Low-Hanging Fruits

Automation in finance need not always be expensive or take long implementation timelines. Check out some easy to automate finance functions here.
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Marching Towards an Autonomous Finance Function – 301

Bulid an autonomous finance engine and effectively simplify the ways of working & modernize the finance function. Read the blog!
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Marching Towards an Autonomous Finance Function – 201

Focus in detail on the steps businesses should take to build an autonomous finance engine. Learn to normalize and unify disparate data. Click here!
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Marching Towards an Autonomous Finance Function – 101

This blog is a three-part series that focuses in detail on the steps businesses should take to build an autonomous finance engine.
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Account Receivable Reconciliation (And How Automation Can Improve It)

The account reconciliation process ensures that the balances are aligned between the company’s account and the customer’s account
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Top 3 Challenges that Controllers Face and How Automation Helps

Controllers are not just controlling but reshaping businesses; learn the three challenges controllers face and how automation can help overcome those.
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A CFO’s Guide To Steering Clear Of The Year-End Close Stress

The blog provides explores the challenges the office of the CFO face while performing year-end close and how they can overcome them by adopting intelligent…
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A CFO’s Perspective on Top 5 Mistakes Of 2022 That You Should Avoid in 2023

This blog provides insights on the top 5 mistakes of 2022 from a CFO’s perspective that finance leaders need to learn from to execute better…
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The Digital Tipping Point: Why Should Mid-Market CFOs Invest in Finance Automation in 2023

Discover how investing in finance automation will keep your business competitive and enhance your digital arsenal to accelerate revenue growth
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Finance Automation or Autonomy: What’s Right for Your Teams?

Learn when to leverage automation and AI to upend your finance operations and reinforce cash stability, even in a challenging economy.
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2023 Outlook: CFOs Role in Strategic Leadership Development

Explore how a modern CFO brings data-driven financial strategies to tackle an unforgiving economy and shape a revenue-scaling business.
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How to Trade Manual Tricks for Digital Treats at the CFO’s Office?

This blog focuses on how you can overcome the challenges faced by a lean team by transforming your finance landscape using technological solutions.
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The Ultimate Year-End Accounting Checklist (2023)

A year-end accounting checklist is a set of targets including report releases that you want to complete before the financial year ends.
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Everything You Need to Know About Automated Bookkeeping

Automated bookkeeping is the process of keeping track of financial transactions with the help of computerized accounting systems that use ML or AI.
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How to Differentiate between Temporary and Permanent Accounts? (Examples+)

Learn the significance of temporary vs permanent accounts in accounting. Enhance your financial management skills with examples and key differences explained.
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Key Trends in Financial Reporting for 2022-23 and Beyond

The recent trends in financial reporting indicate a higher focus on sustainability reporting and the use of automation to power on-demand reporting.
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Month-End Close: Steps, Checklist, and Best Practices

The month-end close process includes reviewing the company’s balance sheet, intercompany trades, journal entries, and other documents and reconciling them.
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Month-End Close: Steps, Checklist, and Best Practices

The month-end close process includes reviewing the company’s balance sheet, intercompany trades, journal entries, and other documents and reconciling them.
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Five Key Takeaways From the 2022 Gartner CFO and Finance Executive Conference

HighRadius reveals the top five trends that are shaping CFOs’ digital transformation efforts based on insights gathered from Gartner’s recent 2022 CFO and Finance Executive…
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What Is Account Reconciliation and Why Is It Crucial?

Accounts reconciliation is the process by which a business checks the accuracy of the various accounting entries. It is crucial to manage cash flow better.
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Tackling eInvoicing and Payment Reconciliation Scenarios in Microsoft Business Central 365

In this Blog, Learn about the common invoicing and payment reconciliation scenarios in Microsoft Business Central 365 and how to tackle them.
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Why does Month End Close Take Time

Read this blog to understand how financial close software can simplify the month end close process by avoiding various financial close bottlenecks.
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5 Accounting Trends to Look Out For

Read the top 5 accounting trends and learn how technological advancements offer opportunities for accounting professionals to improve processes.
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3 Use Cases of AI in Finance for Mid-Market Companies

AI in finance is transforming the finance industry.Discover the right use of AI for your business to get higher ROI with case study.
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6 Best Practices To Achieve World-Class Controllership

Gain 6 insights to meet demands requiring an expansion of capabilities to support strategic organizational initiatives
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Templates

[Excel Template] Anomaly Management Dashboard

This anomaly management dashboard template helps accounting teams keep track of anomalies, assign them to analysts, and store evidence for their resolution.
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Free Bank Reconciliation Template (Excel)

Free bank reconciliation template to identify data mismatches between your bank records and cash books, and get accurate cash visibility.
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Free Monthly Financial Reporting Template for CFOs

This monthly financial report template overviews the critical KPIs for the finance and accounting teams.
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Free Checklist Template for Month end close

Download this month-end close checklist template to understand how a proper checklist can simplify the process by avoiding various financial close bottlenecks
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Radiance

Financial Close and Reporting

Mariana R C Costa: Hello everyone. Good morning. Thanks for calling the session. I know it’s a little bit cold today. It’s not easy. So,…
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Striking a Balance Between Leadership & Compliance

[0:12] Cortney Herington: Yeah, so I’m Cortney Herington. I work for Coca Cola bottlers in sales and services, as she said it’s an organization. We…
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