AI-Powered Anomaly Management For Accounting Teams
Autonomous Accounting for Record to Report

Who Knew AI Could Handle Accounting Anomalies? We Did!

For the first time, shift from reactive to proactive Anomaly Management. Our AI model detects anomalies in your close and reconciliation processes so your accounting team doesn’t have to.

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AI-Based Credit Management Software

Trusted by Accounting Teams Across the Globe

Anomaly Detection Benefits

Solution Overview

Key Product Features

Resources

FAQs

Real-Time Anomaly Detection

Get alerts for potential anomalies based on AI capability to analyze data, establish patterns and identify deviations that could indicate an anomaly

Alert users to potential issues in real-time through automated workflows and enable them for a quicker investigation and resolution

A single source of truth for all transactions and customized view of anomalies enable you in making funding and investing decisions efficiently

Viewing all anomaly attributes in one place helps auditors find the right information and support documents for ensuring the accuracy of financial statements
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Anomaly Management Dashboard [Excel Template]

Resolve your accounting anomalies and gain insights on the status of all tasks - in a single, interactive dashboard

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Anomaly Management Cloud Overview

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HighRadius Ensures Seamless Integration

Our Autonomous Accounting software is super flexible in terms of ERP and bank integrations. With comprehensive list of ERPs and major banks as partners, we are a true ERP and Bank agnostic solution.

We are an ERP agnostic software that easily integrates with all major ERPs and can be easily scaled to meet the needs of growing organizations, making it a flexible and adaptable solution.

ERP Integration
Learn More About our ERP Compatability

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

ERP Integration
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Key Product Features

Anomaly Detection

Flag critical anomalies through an analysis of your ERP transactions by our ML engine and identify key attributes like risk category, account details and more. Enable your account teams to prioritise anomalies and take action by creating tasks on their worklists.

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Anomaly Resolution

Swiftly take action on anomalies with complete list of anomalies flagged as errors or omissions and guided by suggestions for corrections powered by AI. Quickly resolve anomalies by choosing between 'Ignore', 'Close' or 'Create Task' based on the anomaly type.

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Anomaly Detection

Flag critical anomalies through an analysis of your ERP transactions by our ML engine and identify key attributes like risk category, account details and more. Enable your account teams to prioritise anomalies and take action by creating tasks on their worklists.
Learn more

Swiftly take action on anomalies with complete list of anomalies flagged as errors or omissions and guided by suggestions for corrections powered by AI. Quickly resolve anomalies by choosing between 'Ignore', 'Close' or 'Create Task' based on the anomaly type.
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Identify and resolve errors faster with our anomaly management software

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Transform Your Anomaly Management in Record Time!

Get results fast with ROI delivered in 3-6 months

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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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Financial
Close

Achieve day zero close with auto data aggregation, automated workflows and close task management Learn More
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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 Detection

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

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Resources

HighRadius Deduction Automation Datasheet

AI Demystified for Detecting Errors and Omissions in the Monthly Financial Close Process

This eBook highlights the right approach for applying AI in the financial close process for error detection and the differences between AI-based algorithms and rule-based automation.
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Accounts Receivables Dispute Management

Autonomous Financial Close Checklist Template

In this template you will learn how a checklist is not a ""static reference"" or a cheat sheet, it's a dynamic tracker for managing a sucessful on-time month end cose proces.
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Resolving Deductions 2x Faster

Organizing the Month-End Financial Close Process

This ebook analyzes that key challenges of disparate tools in the financial close process and how month-end close software helps in avoiding the period-end chaos.
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Frequently Asked Questions

Anomalies are classified as either errors or omissions. HighRadius detects 10 errors and 2 omission cases that are common for all organizations. For instance, when a business transaction recorded in a specific GL account shows up with a Vendor detail that is historically not posted for that GL account or an unexpected Transaction Type where a GL Transaction has been recorded in a GL Account with a Transaction Type that is not expected for that GL Account.

Identify errors and omissions in the General Ledger and Sub-Ledgers is a time-intensive task that is usually done in a hurry through the end of the period to close the books. Since they do it manually, accountants might miss some anomalies and consequently, the closing cycle gets extended.

Anomaly detection software automates the process of finding and resolving anomalies by flagging potential anomalies automatically based on the past data of 12 to 18 months. Based on the action you take for an anomaly, it also learns and applies the same logic to the future anomalies.

AI automates the process of finding and resolving anomalies by flagging potential anomalies automatically based on the past data of 12 to 18 months. Based on the action you take for an anomaly, it also learns and applies the same logic to the future anomalies. For instance, if you 'ignore' a certain type of anomaly alert (false anomaly), it'll stop showing similar anomalies in the future to help you focus on the 'true' anomalies.

How does AI-powered Anomaly Detection help in financial close process?

AI-powered software doesn't just detect and flag all potential anomalies - it also suggests actions, enables managers to create tasks and assign owners for timely resolution, and arms the team with the necessary information for compliance and audit.