Autonomous Accounting for Record to Report

Financial Close

End-to-end Financial Close Automation to enable day-zero close with close task and project templates, automated workflow and close task management, and accounting anomaly detection

  • Up to 40% reduction in month-end close time
  • Audit-friendly, SOX compliant Record-to-Report operation
  • 100% task and reporting accuracy
Highradius

Automate Your Financial Close

Detailed Close Project Plan for Reducing Close Cycle Time

Detailed Close Project Plan for Reducing Close Cycle Time

Ability to create detailed month-end close plans with specific close tasks that can be assigned to various R2R analysts to perform closing activities for all functional categories

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AI-Powered Anomalies Detection to enable Continuous Accounting

AI-Powered Anomalies Detection to enable Continuous Accounting

Provides a list of potential anomalies that helps in addressing issues proactively rather than waiting until month end for adjustments

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Task-Specific Worksheet for Faster and Accurate Close

Task-Specific Worksheet for Faster and Accurate Close

Allow users to complete closing tasks for each of the functional category by validating the completeness of transactions and accuracy of the amount booked

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Automated Journal entry posting to ERP for Faster Close

Automated Journal entry posting to ERP for Faster Close

Ability to record transactions in the application which will be automatically posted into the ERP aligned to the compliance and audit requirements

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Connected Workspace for Faster Completion of Close Tasks

Connected Workspace for Faster Completion of Close Tasks

Allow R2R Analysts to share their work papers for each GL account task category for review and approval. Allow users to provide inputs to complete tasks

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Real-time Visibility of Tasks Progress to Stakeholders

Real-time Visibility of Tasks Progress to Stakeholders

Provides visibility to all stakeholders across the organization on the status of tasks, dependencies, delays, and any action that needs to be taken

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