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AI-Based Account Reconciliation Software

Achieve continuous accounting process to improve reconciliation accuracy, save time and provide real-time insights

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Account Reconciliation Benefits

Solution Overview

Key Product Features

Resources

FAQs

Reduce reconciliation assignment time by 80%

By using an account reconciliation project plan, businesses can assign GL accounts to analysts more efficiently, resulting in reduction in assignment time

By leveraging out-of-the box matching rule system, analyze large volumes of data with accuracy, thereby reducing reporting errors

By detecting anomalies in real-time, analysts can take proactive steps to address the issue rather than waiting until month-end reconciliation process

With faster and accurate reconciliation; and anomaly detection, enable businesses to improve compliance management by identifying potential risks in real-time"
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Account Reconciliation Cloud Overview

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Key Product Features

Account Reconciliations Management with Automated Workflow

Ability to create account reconciliation project plans to assign specific General Ledger (GL) accounts to R2R Analysts or user groups for enhanced reconciliation tasks completion.

GL Account Specific Reconciliation Templates for Faster Reconciliation

Allow users to leverage standard reconciliation templates (or create their own templates) to accelerate the reconciliation process.

AI-Powered Matching to Auto Reconcile Data Sets

Provides a set of existing matching rules or algorithms to reconcile any two sets of data (GL and Subledger (SL) or GL and Bank statement)

Collaborative Workspace for Review and Approval

Allow reconcilers to share their work papers for each reconciliation for review and approval to the reviewer . Allow users to provide inputs to complete the reconciliation.

Account Reconciliations Management with Automated Workflow

Ability to create account reconciliation project plans to assign specific General Ledger (GL) accounts to R2R Analysts or user groups for enhanced reconciliation tasks completion.

Allow users to leverage standard reconciliation templates (or create their own templates) to accelerate the reconciliation process.

Provides a set of existing matching rules or algorithms to reconcile any two sets of data (GL and Subledger (SL) or GL and Bank statement)

Allow reconcilers to share their work papers for each reconciliation for review and approval to the reviewer . Allow users to provide inputs to complete the reconciliation.

Empower your accounting team with the AI-driven Account Reconciliation software

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One Accounting Platform

Transform your accounting process by enabling faster close cycles, error free reconciliation and proactive anomaly management

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Accounts Reconciliation

 Achieve continuous accounting process to improve reconciliation accuracy, save time and provide real-time insights Learn More
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Anomaly Management

Proactively detect and address financial errors and inconsistencies in real-time to reduce risk and protect your business Learn More

Resources

HighRadius Deduction Automation Datasheet

HighRadius Account Reconciliation Datasheet

In this datasheet we cover the End to End automation to achieve accurate, audit friendly account reconciliation process of AI native platform
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Accounts Receivables Dispute Management

How to Solve Real Life Problems of Bank Reconciliations

This blog will provide practical tips and techniques for resolving common issues encountered in bank reconciliation, helping readers to streamline their reconciliation process
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Resolving Deductions 2x Faster

What is Bank Reconciliation and Why Is It Important

This blog will explain what bank reconciliation is, its importance in financial management and how it can help business maintain accurate records and identfy errors.
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Frequently Asked Questions

Account reconciliation software is a digital tool that automates the process of matching and verifying financial transactions between two sets of records, such as bank statements and company books, to ensure accuracy and identify discrepancies.

The tools of reconciliation typically include software programs that automate the process of matching and verifying financial transactions, as well as checklists, templates, and spreadsheets to help organize and manage the reconciliation process.

Ledger reconciliation is the process of verifying the accuracy and completeness of transactions reconrded in a company's general ledger. It involves comparing the ledger entries ro external records, such as bank statements, to identify discrepancies.

To automate balance sheet reconciliation, you can use specialized software that matches and verifies transactions between two sets of records, such as bank statements and ledger accounts, automatically. This software can also flag discrepancies.

Yes, bank reconciliation can be automated using specialized software that matches and verifies transactions between the company's bank account and its accounting records.