HighRadius is an ERP agnostic software that seamlessly integrates with all major ERPs like SAP, Microsoft Dynamics 365, Oracle, NetSuite, Sage Intacct, Workday, etc.
Usually, it takes 5 to 10 days for organizations to complete their financial close process but HighRadius' automated month-end checklists and streamlined approval workflows can reduce the close cycle time considerably.
We partner with banks and financial institutions to automatically capture payment information from all the industry-standard bank payment files and formats.
Key KPIs to measure the success of your close process include close cycle time, error rate, reconciliation completion rate, audit findings, and cost of the process.
A financial close software, like HighRadius, accelerates the close process, enhances accuracy, reduces manual errors, improves compliance, and provides real-time financial insights.
Establishing a clear calendar, defining roles and responsibilities, standardizing procedures, leveraging a month-end close software for automation, and regularly reviewing the process are some of the best practices for achieving an efficient financial close process.
