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AI-based Financial Close Management Software

Achieve day zero close with end-to-end Finance Close automation through auto data aggregation, automated workflows and close task management

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Financial Close Benefits

Solution Overview

Key Product Features

Resources

FAQs

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

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

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

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

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

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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Financial Close Cloud Overview

Collections Flow Diagram

Key Product Features

Month End Close Checklist

Month End Close Software provides a project plan containing all the tasks that accounting team users need to perform to complete the Month End Close more by reducing manual effort.

LiveCube for Close Task Automation

LiveCube is a ‘No Code’ Platform for finance end users to build their own applications as extensions to standard functionality received from enterprise systems.

Maker Changer Workflow

This valuable feature of our product allows users to define a hierarchical and multi-level review and approval workflow for each task involved in month-end close task.

Journal Entry

The Journal Entry Management allows users to post entries back to their ERP to update the Current GL Account Balance to a Final GL Account Balance.

Month End Close Checklist

Month End Close Software provides a project plan containing all the tasks that accounting team users need to perform to complete the Month End Close more by reducing manual effort.

LiveCube is a ‘No Code’ Platform for finance end users to build their own applications as extensions to standard functionality received from enterprise systems.

This valuable feature of our product allows users to define a hierarchical and multi-level review and approval workflow for each task involved in month-end close task.

The Journal Entry Management allows users to post entries back to their ERP to update the Current GL Account Balance to a Final GL Account Balance.

Close faster and accurately with our financial close automation solution

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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 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 Financial Close Datasheet

In this datasheet we cover the challenges that accounting teams face, how organizations are achieving day zero closing with on-time error detection and automated journal entries.
Download the Datasheet
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.
Download the Template
Resolving Deductions 2x Faster

Organizing the month end financial close process

This ebook analyzes that key challenges of disconnected tools in the financial close process and how month end close software helps to convert the chaotic close process into a desired “choreographed close"
Download the ebook

Frequently Asked Questions

Best practices for a successful financial close process include having a well-defined close calendar, establishing clear roles and responsibilities, and leveraging technology to automate tasks and improve efficiency.

Reconciling accounts, ensuring data accuracy, and meeting strict reporting deadlines are some of the common challenges in the financial close process.

Length of the close cycle, number of errors and adjustments, and compliance with regulatory requirements are some KPIs you can track to measure the success of your financial close process.

AI can help ensure accuracy and completeness in the financial close process by providing automated data validation and reconciliation, reducing manual errors and inconsistencies.

AI can help ensure accuracy and completeness in the financial close process by providing automated data validation and reconciliation, reducing manual errors and inconsistencies.

What is financial close process?

Financial close process refers to the activities and tasks performed by an organization at the end of a financial period to finalize financial statements and reports, reconcile accounts, and ensure accuracy and completeness of financial data.