Record-to-Report Suite

Account Reconciliation

Leverage out of the box AI transaction matching rules to automate and streamline the reconciliation process.

Achieve up to 90% transaction auto-match rate and 95% journal posting automation.

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AI-Based Credit Management Software

Key Modules

AI-based E-Mail Remittance Capture

Transaction Matching

Automated AI-Based Rule Discovery. Configure matching rules and match line-level transactions from two data sources in a way that suits business requirements.

AI-based E-Mail Remittance Capture

Reconciliation Control Tower

Clear View of Reconciliation Tasks. Receive a worklist detailing all active GL accounts for reconciliation, including variances and certification status per task.

AI-based E-Mail Remittance Capture

Journal Entry Automation

Journal Entry Preparation & Posting Automation For Open Items. Automate journal entry preparation with LiveCube’s out of the box formulae and automatically post them back to ERP.

AI-based E-Mail Remittance Capture

Substantiation Reconciliation

Automated Substantiation Reconciliation. Use reconciliation templates for automated comparison of GL and supporting balances, enabling open item management and analytics.

AI-based E-Mail Remittance Capture

Reconciliation Progress Dashboards

Track Progress of Reconciliation Tasks. Act on potential delays with customizable out-of-the-box reports and dashboards.

AI-based E-Mail Remittance Capture

Maker Checker Workflow

Multi-Level Approval Workflow. Gain control of the process using maker checker segregation across all your close tasks.

Additional Modules | Pricing Deductions Research Automation | Shortage Deductions Research Automation

PRODUCT

Key-points

  • Transaction Matching
  • Reconciliation Control Tower
  • Journal Entry Automation

VALUE

Improve Operational KPIs

  • 90% Transaction Auto Match Rate
  • 80% Reconciliation Automation
  • 95% Journal Posting Automation
  • 100% GL Accounts Coverage

Deliver Business Outcomes

  • 50% Improved Reconciliation Productivity
  • 30% Reduction in Days to Reconcile

Key Modules

  • Transaction Matching
  • Reconciliation Control Tower
  • Journal Entry Automation

Improve Operational KPIs

  • 90% Transaction Auto Match Rate
  • 80% Reconciliation Automation
  • 95% Journal Posting Automation
  • 100% GL Accounts Coverage

Deliver Business Outcomes

  • 50% Improved Reconciliation Productivity
  • 30% Reduction in Days to Reconcile

Trusted By The Best Accounting Teams Around The Globe

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One AI-Powered Platform For All Accounting Roles

Accounting Managers

Say bye to data mismanagement, human errors, and accounting omissions to bring in trust, compliance, and consistency to your reporting.
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Controllers

With seamless communication on an integrated platform, get complete visibility on the status of your month-end close and reconciliation processes. Read More

CFOs and CAOs

With hyperdata centralization and automation, say bye to manual and time-intensive data processing tasks across your accounting processes.
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HighRadius Account Reconciliation Overview

Collections Flow Diagram

Frequently Asked Questions

HighRadius is an ERP agnostic software that seamlessly integrates with all major ERPs like SAP, Microsoft Dynamics 365, Oracle, NetSuite, Sage Intacct, Workday, etc.

HighRadius' industry-defining Speed to Value methodology ensures faster time to implementation and quicker ROI (in 3 to 6 months).

HighRadius utilizes 100+ algorithms to match items and provide a list of all unreconciled items for accountants/analysts to check. Also, its AI-powered anomaly detection software analyzes 12 to 18 months of historical data to automatically detect errors and omissions.

HighRadius' account reconciliation software provides a list of all corresponding transactions for all reconciliation tasks and an option to add attchments to ensure information is properly documented. Also, task logs maintain a clear audit trail that facilitates regulatory reporting.

We partner with banks and financial institutions to automatically capture payment information from all the industry-standard bank payment files and formats.

Our account reconciliation software has all the necessary compliances and accreditations required to keep your data confidential and safe, including GDPR, HIPAA, SOC 1 Type 2, SOC 2 Type 2.

Bank reconciliations can be automated with an account reconciliation software like HighRadius that automatically matches the company's recorded transactions in ledgers with its bank statements. It also has templates for creating journal entries to adjust for differences like outstanding checks or deposits in transit.

Account reconciliation software automates the process of comparing financial records, such as ledger entries and bank statements, to ensure accuracy and consistency. It identifies discrepancies, streamlines the reconciliation process, improves compliance, and enhances reporting efficiency.